Abu Dhabi, United Arab Emirates, October 2016
Arab Steel Summit and International Exhibition by the Arab Iron and Steel Union, concluded its 2016 activities in Dubai last week with the participation of some leading regional steel companies, including Emirates Steel, the only integrated steel plant in the UAE, owned by Senaat.
Emirates Steel participated in the Arab Steel 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.
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.
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.
The Summit 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.
Emirates Steel is keen to participate in this specialized forum to reinforce its leadership position in the iron and steel industry within the region, considering the current conditions dominating the sector in the region and the whole world, considering that the event also served as an ideal forum to exchange insights and ideas, and coordinate among the Union’s members on all levels.
