Thursday 24 September 2020

Emirates Steel eyes key role at Dubai industry expo

DUBAI, December 7, 2019

Emirates Steel, a subsidiary of General Holding Corporation (Senaat), will highlight key industry issues at the upcoming Middle East Iron and Steel Conference in Dubai, UAE.
The largest annual gathering of the steel industry in the Middle East will take place at the Grand Hyatt Hotel from December 9 to 11. 
The only integrated steel plant in the UAE, Emirates Steel is set to play a key role at this year’s Middle East Iron and Steel Conference as its Platinum Sponsor. 
The Emirati group's sponsorship of the event highlights its dedication to leading the regional steel industry and commitment to sharing knowledge and best practices. 
It will be looking to discuss with conference delegates current opportunities and challenges in a protectionist global trade context, and how companies can mitigate the macro-economic headwinds impacting the steel market.
Speaking ahead of the conference, CEO Engineer Saeed Ghumran Al Remeithi said: "This year’s Middle East and Iron and Steel Conference falls at a difficult time for the global steel markets."
"At this conference, we are looking forward to speaking with attendees, discussing their priorities for the upcoming year and what steps they are taking to abate the impact of global protectionist tariffs, alongside sharing what strategies we as a company are exploring," he stated.
Al Remeithi pointed out that the growth of demand in Asian markets, had been exciting, alongside witnessing strong construction performance in the GCC, particularly from producers such as Saudi Arabia and the UAE ahead of Expo 2020. 
"However, there are also challenges in the slow-down of the global manufacturing sector, with automotive manufacturing in particular facing pertinent and ongoing challenges at the onset of a wider global recession," he noted.
"The iron and steel sectors are both important to the development of wider local and regional industries, including construction, manufacturing and energy, and ensuring their continued health is an important aspect of ensuring the health of the wider economy of the region," said the top official. 
"We look forward to sharing our own perspective from Emirates Steel on the current performance of the steel market," he added.-TradeArabia News Service


More Industry, Logistics & Shipping Stories

calendarCalendar of Events