The UAE is one of the most promising steel markets in the GCC region with its production reaching to 1.7 Million Tons in the year 2006. Construction boom, cheap and reliable gas and energy supply, besides its geographical positioning are the major driving forces for the steel industry in the UAE. According to “UAE Steel Industry Analysis”, the latest market research report by RNCOS, it is expected that the industry will grow over 200% by 2012 from the current level.
“UAE Steel Industry Analysis” focuses on the growing marketplace for steel sector in the UAE and thoroughly studies market trends, evolving markets, and growth prospects. It assesses the present status of the steel industry in the UAE and GCC region, and identifies investment opportunities. It also forecasts the future of the industry, which is based on a correlation between past market growth and growth of base drivers, such as economic performance of the country, long-term metal demand, competitive structure, and government rules and regulations.
Key Highlights of the Report
- Total steel production in the GCC region reached 15.65 Million Tons in 2006 while that in the UAE touched 1.7 Million Tons during the same year and is expected to grow 235% by 2012.
- Steel consumption of the UAE is highly influenced by the recent boom in construction and infrastructure development. The value of construction contracts awarded by the end of 2007 is estimated at US$ 32.8 Billion as compared to US$ 16.1 Billion at the end of 2005.
- There is huge capacity expansion in pipelines in the UAE steel industry, which will result in economies of scale for steel producers in the country.
- Economic growth and energy resources (oil and gas) are also helping the UAE steel industry to grow rapidly.
Key Issues & Facts Analyzed in the Report
- What are the major attractions and opportunities for the UAE steel industry?
- What is the current statistics of the GCC steel industry?
- What is the role of the UAE in the steel industry of GCC?
- What are the challenges threatening the UAE steel industry?
Key Players Analyzed in the Report
This section covers the key facts on major players currently operating in the UAE steel industry, such as Emirates Steel Industries, Al Nasser Industrial Enterprises, Alam Steel Industry LLC, and Qatar Steel.
Research Methodology Used
Information Sources
Information in this report has been sourced from books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Method
Analysis methods used in the report include ratio analysis, historical trend analysis, judgmental forecasting, and cause and effect analysis.
