MB DRI & PELLET: Imports, premiums hurt Mena competitiveness

An influx of steel imports and high pellet premiums are driving down competitiveness and margins for direct reduced iron (DRI) producers in the Middle East-North Africa (Mena) region, an Emirates Steel executive has said.


“Are we losing our competitive advantage? The answer is yes,” Ahmed Al Dhaheri, chief commercial officer at Emirates Steel, told delegates at Metal Bulletin’s 3rd World DRI and Pellet Congress in Abu Dhabi on Wednesday March 4. A positive demand outlook, particularly in the construction sector, has seen steelmakers in the Mena region ramp up DRI capacity in recent years, but now utilised capacities at DRI projects have been held back, and are even falling, he said. While cancelled energy subsidies and the effect...

Published

Nina Nasman

March 04, 2015

11:25 GMT

Abu Dhabi