According to a new research report by RNCOS, “UAE Steel Industry Outlook 2018”, the demand for steel in UAE has propelled on the grounds of massive developments taking place in various Emirates like Dubai etc. Steel consumption has increased in UAE due to a boom in construction & infrastructural activities taking place over the past few years. Infrastructure projects in shipbuilding, pipelines, power plants, pre-engineered buildings, airports and railways etc are driving the demand for steel in UAE. Further, with the extensive economic development taking place in UAE, the steel industry is set to witness rapid strides in the future also.
Research Analysis & Highlights
The report “UAE Steel Industry Outlook 2018” thoroughly analyzes the UAE steel industry’s performance in terms of production, consumption, import and export. It covers production and consumption forecast till 2018 of crude and finished steel. Finished steel has been further segmented into long and flat products. Long products have been classified into rebar and structural sections. Similarly, flat products have been segmented into coils, strips & sheets and plates. Our comprehensive report has closely studied and provided market forecast till 2018 for production and consumption of both long & flat products and their types.
The report also covers steel imports & exports of ingots and semi-finished steel, long products, flat products, and tubular products. In addition, the report highlights the major steel exporting countries to UAE along with the countries from where UAE imports steel. The long and flat steel products consumption outlook till 2018 in construction & infrastructure and manufacturing industry has also been provided. The report also sheds light on the drivers and provides competitive landscape covering the profiles & key management people of various industry players like Emirates Steel and Conares, among some.
Some of the report’s key highlights include:
- Growth of construction sector is expected to boost demand for steel in UAE
- Rebar has the highest share in long product consumption in UAE
- Rising number of railway projects is propelling steel demand in UAE
- Flat steel products consumption is growing at a considerable pace in UAE0
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