Steel Consumption to Show Outstanding Growth in the UAE

According to our new research report “UAE Steel Industry Analysis”, steel demand in the UAE has strongly soared during the past few years in the backdrop of construction boom, cheap & reliable gas & energy supply, growing investments in the real estate sector, economic growth, and rising income level. Although the demand for steel has contracted on account of the global economic crisis, the scenario is expected to change with turnaround in real estate and construction sector that will boost demand for steel and other materials. The consumption of steel is expected to reach around 11 Million Metric Tons by 2013 end.

 

Our research highlights that real estate projects in Dubai and Abu Dhabi are currently the key driving forces for the steel industry growth. The report further reveals that this trend and government initiatives are playing a critical role in promoting reforms and increasing competitiveness in the steel industry. We have also found that the UAE steel industry is highly import-oriented. With the reduction in import tariff by the GCC, imports of steel are expected to increase in the coming years.

 

Our study also shows that there are huge capacity expansion programs underway in the UAE steel industry, and it is expected that these programs will have a positive impact on the steel import market of the UAE. Realizing the current market trends and anticipating the future prospects, we have done a comprehensive analysis of the UAE steel industry. The report covers various aspects of the steel industry, discussing its production, consumption, and import/export.

 

This report provides an insight into the UAE steel industry and studies its past, present, and future scenario. The report is aimed at offering clients a strategic insight into the UAE steel industry, so that they can better analyze the opportunities critical for their success in the market. With immense growth potential, our research foresees huge opportunity for various market players, such as Emirates Steel Industries, Al Nasser Industrial Enterprises, Alam Steel Industries LLC, Qatar Steel, and Al Ghurair Iron & Steel L.L.C.

For more information visit: http://www.rncos.com/Report/IM135.htm