Dana Steel to add 400,000 tpy to UAE's coated steel output [UPDATE]

Dana Steel is adding 400,000 tonnes per year to the United Arab Emirates’ coated steel output with the installation of an HDG line and PPGI line in Dubai, a company executive told Metal Bulletin this week.

Total hot-dipped galvanized (HDG) coil production capacity in the UAE is currently about 1 million tonnes per year, with about half of that used in the domestic market with the remainder going for export. A source at one of the biggest producers in the UAE said that although the introduction of new capacity in the region will undoubtedly increase competition, the impact on prices will be limited because the value of HDG will keep increasing in the UAE and in global markets because of high hot-rolled coil (HRC) and zinc prices. He accepted that...

Published

Serife Durmus

February 08, 2018

13:35 GMT

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