Emirates Steel, the only integrated steel plant in the UAE, owned by Senaat, successfully participated in the recent Arab Steel Summit 2016 and the associated International Iron and Steel Exhibition 2016, held in Dubai, UAE.
 
Emirates Steel participated in the summit along with some leading iron and steel companies from the region such as Sabic, Al Rajehi, IZZ Steel and other companies from Morocco, Algeria and other Arab countries, said a statement from the company.

Regional and global challenging market conditions have dominated discussions of the two-day conference where participants debated different options and measures to counter the threats to the Arab steel industry, it said.

During the summit, Emirates Steel performed a presentation about the steel sector in the Arab region discussing issues of trade, regulations and cooperation. The presentation also detailed issues of steel exports and imports, consumption and capacities, it added.

The event discussed different topics related to competitive position and growth strategies within the Arab Steel Industries, prospects of the world steel industry during 2016 and opportunities and trends of investment in the steel industry in the Arab countries, impacts of oil price fluctuation on the development of the steel industry investments, trends of import and export, the new technologies and their role in the development of steel production, raw materials and their impact on the future growth of the steel industry.

The summit also discussed consolidation and merger in the world steel industry and their impact on the Arab steel markets, and trends of growth and development in the steel industry and steel markets in a number of regions in the world, it stated. – TradeArabia News Service