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Emirates Steel demand 'set to double by 2015'

Abu Dhabi, November 2, 2011

Emirates Steel, the largest integrated manufacturer of steel in the UAE, expects the demand for its heavy sections rolling mill in the Gulf region to double by 2015, said its top official.

'We have made a significant investment in structural steel manufacturing technology, which will put our heavy sections mill amongst the most advanced in the world,” remarked Saeed G Al Romaithi, Emirates Steel’s acting CEO.

He was speaking at a major conference in the Abu Dhabi National Exhibitions Center.

Emirates Steel, a direct subsidiary of Abu Dhabi Basic Industries Corporation, said this was a first in a series of conferences that will be staged in the GCC between now and the end of the year.

Al Romaithi said, “Once up and running, our heavy sections rolling mill will establish the company as the leading manufacturer and supplier of structural steel in the region and a center of excellence for the effective use of metal in construction.”

'By offering a wide range of structural products, the mill will be able to meet your differing structural steel needs and maximize their design effectiveness,' he remarked.

'We have made a significant investment in structural steel manufacturing technology, which will put our heavy sections mill amongst the most advanced in the world,” he said.

Mubarak Al Khaili, Emirates Steel’s VP of Commercial Strategy said the company's structural steel will be essential to the local and regional markets.

'The growing number of projects in the GCC working on the development of infrastructure, industrial plants, power transmission towers, bridges, sea ports and high rise towers all require the new products we will be able to supply,' he stated.

These construction projects will demand a large tonnage of heavy sections, he added.

According to Steel Business Briefing, the demand for medium and heavy sections in the Middle East is forecast to reach 4.3 million tons in 2012, with Saudi and the UAE being the biggest consumers.

Demand is currently met by imports mainly from China, Korea and Eastern Europe. The GCC’s total steel demand is 20 million tons per year, compared to a capacity of 12 million tons per year.

Attended by around 100 contractors, consultants, fabricators and developers, the conference highlighted Emirates Steel’s new heavy sections rolling mill, due to start production in early 2012.-TradeArabia News Service




Tags: investment | Emirates Steel | heavy sections | rolling mill |

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