Overview
Conares manufactures and exports a wide range of steel products from its Dubai facilities, including ERW pipes and tubes, rebars (and rebars in coils), wire rods, and color-coated coils, and operates a Steel Service Center for custom cutting, slitting, and shaping. Its production uses European and Japanese equipment to ensure quality, and most output is shipped from the Jebel Ali Free Zone to 26 countries, with exports exceeding 85% of production. It differentiates itself through a large annual capacity (over 1.5 million tons), diverse product lines, strategic UAE location, a cash/letter-of-credit sales model with minimal bad debt, and a commitment to sustainability, including a Net Zero by 2050 goal. Its aim is to grow as a leading steel producer with a low-carbon footprint by expanding exports and serving multiple industries while pursuing Net Zero emissions.
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Simplify's take
What believers are saying
- Jafza said Conares focused on ERW efficiency and diversification in March 2025.
- Conares supplied 994 tonnes rebar for Dubai's Victory Heights Primary School in 2026.
- Its updated 2026 net-zero roadmap and solar rollout support bids with ESG buyers.
What critics are saying
- U.S. Commerce preliminarily set 3.15% dumping margin on Conares in May 2026.
- Turkish and Chinese mills pressure UAE steel margins, especially in fabrication and coatings.
- Any loss of Jafza export economics would cripple Conares' 85%-plus export model.
What makes Conares unique
- Dubai Jafza integration gives Conares export access to 26 countries and multimodal logistics.
- Conares is the UAE’s only private steelmaker with four product verticals since 2022.
- Its 1.5 million-ton capacity and 2026 coil-line investments broaden downstream steel control.
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