MEIS 2019: Emirates Steel CEO urges Middle Eastern steelmakers to diversify

Middle Eastern steel producers need to diversify their product lines to survive weakening demand in the region, according to Saeed Ghumran Al-Remeithi, the chief executive officer of the United Arab Emirates’ biggest steelmaker, Emirates Steel.

Al-Remeithi said in his opening speech at Fastmarkets’ Middle East Iron & Steel Conference in Dubai on Tuesday December 10 that 90% of steel production among Gulf Cooperation Council (GCC) nations was confined to long steel and only 10% to flat steel because of a dependency on construction.

Saudi Arabian steel producer Hadeed Sabic is the only hot-rolled coil producer in the GCC, which also includes Bahrain, Kuwait, Oman, Qatar and the...

Published

Serife Durmus

December 12, 2019

07:26 GMT

Dubai