Conares

What Conares does

Conares is a privately held steel manufacturer headquartered in Jebel Ali Free Zone (JAFZA), Dubai, United Arab Emirates, operating the second-largest steel-making footprint in the UAE. The legal entity, Conares Metal Supply Limited, is incorporated in the British Virgin Islands and conducts manufacturing and sales operations through its JAFZA branch. Since its 1988 founding as a trading enterprise, the company has expanded into integrated manufacturing across four product verticals plus a value-added service center, with cumulative investments of approximately USD 700 million, more than 900 employees, and installed annual production capacity of 1.5 million tons.

The company's core products are Electric Resistance Welded (ERW) Pipes and Tubes (410,000 tons annual pipe-making capacity plus 195,000 tons of galvanizing), Rebars and Rebars in Coil (from carbon-steel billet through reheating, rolling, quenching, and tempering, with a rebar mill commissioned in 2011 at 500,000 tons), Wire Rods (5.5-16 mm diameters from a high-speed wire rod mill), and Color Coated Coils (multi-stage surface preparation, pre-treatment, primer, coat, cure, and finishing lines installed in 2021). Conares complements manufacturing with a Steel Service Center offering cut-to-length, coil parting, and slitting. Manufacturing is supported by an unusually broad set of international certifications including ISO 9001, ISO 14001, ISO 45001, UL, CE, SASO, NSF/ANSI 372, FM Approvals, BES 6001 responsible sourcing, and an Environmental Product Declaration supporting a Net Zero by 2050 commitment.

Conares generates revenue through direct B2B sales of steel products to construction companies, infrastructure developers, and industrial manufacturers in the UAE and broader Middle East, with pricing determined through quote-based negotiations tied to specifications, volumes, and delivery terms (L/C at sight or open account). Distribution is primarily direct field sales supplemented by participation in international industry events (e.g., Wire & Tube in D\u00fcsseldorf). Marquee reference customers include Expo 2020 Dubai, Dubai Metro, Dubai Tram, Ain Dubai (Bluewaters Island), Royal Atlantis Resort, and Abu Dhabi Midfield Terminal, alongside applications in automotive, oil and gas, water systems, white goods, signage, and furniture end-markets. The company is family-controlled, with founder Bharat Bhatia as Chairman and his children in Vice Chairman, Executive Director, and Board Member roles, supported by independent non-executive directors.

Name

Conares

Legal name

Conares Metal Supply Limited

Website

https://conares.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Conares is a privately held, family-owned steel manufacturer headquartered in JAFZA, Dubai, producing ERW pipes, rebars, wire rods, and color-coated coils. It is the UAE's second-largest steel producer, with 1.5 million tons of annual capacity serving construction, infrastructure, and industrial customers across the Middle East.

Ownership category

akta.pro rank

Product category

Steel Manufacturing

NAICS

Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (33121), Rolling and Drawing of Purchased Steel (33122)

SIC

Steel Pipe & Tubes (3317), Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310), Sheet Metal Work (3444)

akta.pro primary industry

Pipe & Tube Manufacturing (Seamless & Welded OCTG/Line Pipe/Structural Tube) (IMAKABAI)

akta.pro secondary industries

Long Products Manufacturing (Rebar, Wire Rod, Merchant Bar, Sections/Beams) (IMAKABAH), Steel Service Centers & Processing (Slitting, Cut-to-Length, Blanking, Leveling) (IMAKABAL)

Keywords

• Steel manufacturing
• ERW pipes tubes
• Rebar production
• Color coated coils
• Wire rod products

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Steel Products Sales: Conares generates revenue through manufacturing and selling steel products including ERW Pipes and Tubes, Rebars and Rebar in Coil, Wire Rods, and Color Coated Coils to construction companies, infrastructure developers, and industrial manufacturers. Revenue is generated from direct B2B sales with payment terms including L/C at sight and open account arrangements.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Conares manufactures and sells steel products including Electric Resistance Welded (ERW) Pipes and Tubes, Rebars and Rebars in Coil, Wire Rods, and Color Coated Coils, with an integrated Steel Service Center providing value-added processing such as cut-to-length, slitting, and coil parting. The company operates from manufacturing facilities in Jebel Ali Free Zone (JAFZA), Dubai, with an annual production capacity of 1.5 million tons serving construction, infrastructure, oil and gas, automotive, and industrial manufacturers.

Product overview

Conares is a steel manufacturing company offering a diversified portfolio of steel products with an annual production capacity of 1,500,000 tons. The company operates as the only steel producer in the region diversified across multiple verticals, consisting of five core product lines: ERW Pipes and Tubes (for construction and industrial applications), Rebars and Rebars in Coil (for concrete reinforcement), Wire Rods (for manufacturing downstream products), Color Coated Coils (for aesthetic and protective applications), and a Steel Service Center providing value-added processing services. The products are manufactured at facilities in Jafza, Dubai, with dedicated operations for different product lines.

Differentiator

Problem solved

Functional benefit

Products and services

• ERW Pipes and Tubes Electric Resistance Welded (ERW) Pipes and Tubes are longitudinally welded cylindrical steel tubes used for transporting liquids, gases, and water in construction, oil and gas networks, automotive, agricultural irrigation, and general engineering applications. Annual capacity is 410,000 tons for pipe making and 195,000 tons for galvanizing.
• Rebars and Rebars in Coil Steel reinforcing bars (rebars) that enhance concrete structures' tensile strength and stability. Rebar in coil offers easier handling, transportation, and storage for smaller-scale or automated construction projects. Rebars supplied for prestigious projects including Expo 2020, Dubai Metro, and Ain Dubai.
• Wire Rods Versatile and elongated steel products derived from billets, primarily used in wire drawing and welding. Available in diameters of 5.5 to 16 mm, serving construction, automotive, healthcare, defense, and aviation industries.
• Color Coated Coils Metal coils coated with paint or specialized coating for aesthetic enhancement and corrosion protection. Used in construction (roofing, wall cladding), automotive, white goods, signage, and furniture applications.
• Steel Service Center Value-added processing services including cut-to-length, coil parting, and slitting operations. Provides bespoke steel solutions for the engineering sector, bridging steel production and practical application.

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered minor.

• DucabminorOthersCo-exhibitor at Wire & Tube expo in Düsseldorf alongside other regional steel manufacturers including Ducab, Bahra Electric, and Elsewedy Steel. Participation aimed at expanding global footprint in Middle East wire and cable market.
• Bahra ElectricminorOthersCo-exhibitor at Wire & Tube expo alongside regional steel manufacturers. Shared participation in industry event to showcase regional capabilities in wire and cable sector.
• Elsewedy SteelminorOthersCo-exhibitor at Wire & Tube expo representing regional steel industry alongside Conares. Participation to expand market reach in Middle East infrastructure sector.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Tenaris: Global leader in seamless and welded steel pipe manufacturing for oil and gas. Comparable to Conares' ERW pipe business in product category, but with much larger scale and exposure to upstream energy customers.
• Vallourec: Global premium pipe solutions provider serving energy and industrial markets. Comparable in pipe and tube manufacturing but with a global footprint and broader premium OCTG product portfolio than Conares' ERW focus.
• ArcelorMittal: World's largest steel producer with vertically integrated operations across flat and long products, including rebar and pipe. Overlaps Conares in long products and value-added steel processing at vastly larger scale.
• Tata Steel: India-headquartered global steel manufacturer with significant long products, rebar, wire rod, and tubes operations. Comparable in product portfolio and emerging-markets infrastructure exposure, including shared Indian-origin leadership heritage.

Direct peers

• Emirates Steel Arkan: Largest steel manufacturer in the UAE, producing rebar, wire rod, sections, and heavy sections. Directly comparable to Conares as a domestic competitor serving the same Gulf construction and infrastructure market.
• Saudi Iron and Steel Company (Hadeed): SABIC subsidiary and Saudi Arabia's primary long products and rebar manufacturer. Directly comparable in product mix (rebar, wire rod) and serves the same GCC infrastructure demand pool that Conares targets.
• Elsewedy Steel: Egyptian-based regional steel producer competing in rebar, wire rod, and value-added steel. Co-exhibitor at Wire & Tube expo with Conares, serving overlapping Middle East and African infrastructure markets.

Regional players

• Ducab: UAE-based manufacturer of cables and wire products using copper and aluminum conductors. Co-exhibitor with Conares at Wire & Tube expo and operates in the same Gulf industrial customer base, with overlapping downstream demand from construction and utilities.
• Bahra Electric: Saudi Arabia-based manufacturer of electrical conduits, wires, and cables. Regional peer co-exhibiting at Wire & Tube expo and competing for downstream steel-intensive electrical infrastructure demand in the Gulf.
• Al Ittefaq Steel Products Co. Saudi rebar and wire rod producer serving the Gulf construction market. Comparable long-product focus and regional customer overlap, but operating from a different GCC geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/conares
• Facebookfacebook.com/conares
• Instagraminstagram.com/conaresdubai
• LinkedInlinkedin.com/company/conares

Compliance22 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Conares