News Room - Steel Industry

Posted on 26 Dec 2007

Demand for steel in UAE to double in 3 years

Ulf news reported that demand for steel products in the UAE is expected to double in the next three years and that there is not enough supply in the Middle East to meet the growing needs of the construction sector.

Mr Amleshwar Dayal resident advisor for ETA Group's steel division, an during an interview with Gulf News said the rapidly expanding construction sector as well as the oil and gas projects, will drive the UAE's steel demand from 5 million tonnes in 2007 to 10 million tonnes in 2010. Mr Dayal added that the region's steel requirement will grow from 30 million tonnes this year to 45 million tonnes in 2010.

He said that "The region will continue to be an importer of steel, with substantial supplies coming from Turkey and Ukraine. There is no other way but to import. We don't have enough steel manufacturing facilities here. UAE in particular does not have enough electricity and gas to power steel manufacturing facilities, so there is a shortage of steel products in the local market."