TOP STEELMAKERS 2017: Increasing output and trade protection drive Middle East steel industry

Increasing production output and trade protection measures will be the key to the development of the steel industry in the Middle East.

Middle East crude steel production increased by 7.60% in 2016, with a total output of 29.03 million tonnes, up from 26.97 million tonnes in 2015.
And the Middle East and North Africa (Mena) region will continue to see steel demand growth in the years to come despite short-term challenges, regional executives said at the worldsteel 50th conference in Dubai, UAE, on 11 October 2016.
“Demand is always there in the region. Potential has always been there. Construction [is a major] driver behind steel,” Saeed Ghumran Al-Romaithi, ceo of Emirates Steel, said.
The steel producers in the region have continued to focus on encouraging use of local products rather than imports, and to look for ways to limit imports by bring in new regulations.

The import duties imposed on rebar imported to the Gulf Co-operation Council (GCC) region must, and soon will...

Published

Serife Durmus

June 06, 2017

20:08 GMT

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