Regional metals industry to meet and discuss global industry challenges
Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (SENAAT), will participate in this year’s 2019 Middle East Iron and Steel Conference, alongside being the conference’s Platinum Sponsor. The company will be looking to discuss with conference delegates current opportunities and challenges in a protectionist global trade context, and how companies can mitigate the macro-economic headwinds impacting the steel market.
The Middle East Iron and Steel Conference is the largest annual gathering of the steel industry in the Middle East, and will take place in Dubai from 9 – 11 December, 2019. Emirates Steel’s sponsorship of the event highlights the company’s dedication to leading the regional steel industry and commitment to sharing knowledge and best practices.
Speaking ahead of the conference, Eng. Saeed Ghumran Al Remeithi commented: “This year’s Middle East and Iron and Steel Conference falls at a difficult time for the global steel markets. In this conference, we are looking forward to speaking with attendees, discussing their priorities for the upcoming year and what steps they are taking to abate the impact of global protectionist tariffs, alongside sharing what strategies we as a company are exploring.”
“The growth of demand in Asian markets, has been exciting, alongside witnessing strong construction performance in the GCC, particularly from producers such as Saudi Arabia and the UAE ahead of Expo 2020. However, there are also challenges in the slow-down of the global manufacturing sector, with automotive manufacturing in particular facing pertinent and ongoing challenges at the onset of a wider global recession.”
Concluding, Eng. Al Remeithi said: “The Middle East iron and steel sectors are both important to the development of wider local and regional industries, including construction, manufacturing and energy, and ensuring their continued health is an important aspect of ensuring the health of the wider economy of the region. We look forward to sharing our own perspective from Emirates Steel on the current performance of the steel market.”
About Emirates Steel
Emirates Steel is owned by SENAAT, the UAE’s largest industrial conglomerate and a driving force for implementing the Abu Dhabi government’s industrial diversification policy. Strategically located in the Industrial City of Abu Dhabi, some 35 kilometers away from the heart of the city of Abu Dhabi, Emirates Steel is the only integrated steel plant in the UAE, utilizing the latest rolling mill technology to produce rebar, wire rod and heavy sections.
Established in 1998, Emirates Steel grew in a relatively short period of time from a simple re-roller of imported steel billets to a complex integrated manufacturing plant, using modern solutions to tackle traditional industrial problems to generate value for its various stakeholders. In 2012, the Company began producing at a capacity of 3.5 million MTPA, following two expansions and the investment of around AED 11 billion (US$ 3 billion).
Emirates Steel’s underlying business goal is to be an efficient and competitive producer of finished steel products. To achieve this, the Company continually and significantly invests in expansions in the areas of processing, manufacturing and information technology. In addition, these investments help to improve product and service quality, reduce the Company’s environmental footprint and increase safety for workers and customers.
