Steel Production in UAE to Grow 200% by 2012

RNCOS in its recent research report "UAE Steel Industry Analysis" said that steel industry in the UAE is expected to grow in coming years despite the after effects of recent financial crisis. It is expected that by 2012, steel production in the country will increase by around 200% from the 2006 level.

According to the report, steel demand in the UAE has expanded rapidly over past few years on the back of construction boom, cheap and reliable gas and energy supply, growing investment in real estate sector, economic growth and rising income level. Even in the phase of recession, UAE has managed to be the leading country in the region in terms of construction activities. On account of the construction boom, total steel consumption in the UAE is expected to reach 15 Million Tons by 2012. 

The report also reveals that overlooking recession, Emirate Steel Industry (ESI) and other major steel producers are expanding their capacity due to large domestic demand. ESI has recently doubled its annual steel production capacity, which will certainly affect the country's steel import market.

In addition to this, the research also covers detailed industry overview and future outlook of the steel industry of UAE, after adjusting the impact of the global financial crisis on the growth. The future outlook is based on past growth trends, current industry and regulatory developments, including base drivers, opportunities and challenges faced by the steel industry in the UAE.

"UAE Steel Industry Analysis" is a comprehensive research report that comprises quality research and in-depth analysis of the UAE steel industry. It gives deep insight into the steel industry as a whole and its major sub-segments. It studies the emerging market trends, recent developments and their impact on the sector. The report will help clients to analyze the leading-edge opportunities, key players and all the other factors which are critical to the success of a new entrant in the UAE steel industry.

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