INTERVIEW: UAE’s Al Ghurair Iron & Steel seeks protectionism, expects better demand in the region

Steel demand in the Middle East will keep growing in 2018 and beyond, but the region needs trade protection measures to support local producers, according to United Arab Emirates-based Al Ghurair Iron & Steel (AGIS).

In an interview on the sidelines of last week’s 21st Middle East Iron & Steel (MEIS) conference in Dubai, Abu Bucker Husain, chief executive officer of the hot-dipped galvanized coil (HDG) producer, told Metal Bulletin that because the Middle East (and especially the UAE) has historically been seen as a trading hub, the focus of governments in the region has been on promoting trade and logistics and they have not yet turned to nurturing their domestic manufacturing industries. 
He also said the issues of unfair trade practices and dumping by foreign mills had been raised with the local chambers of commerce and the ministry of economy several times since 2009, but that he was still waiting for concrete actions to be taken.

In 2016, AGIS filed a complaint with the Gulf Co-operation CVouncil (GCC)...

Published

Serife Durmus

December 11, 2017

16:00 GMT

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