by: Shushmul Maheshwari
According to our new research report, “UAE Steel Industry Analysis”, despite
being affected by the ongoing financial crisis, the steel industry of the UAE is
expected to witness good time ahead. Various upcoming infrastructure projects
will drive the steel demand in the UAE. It is expected that the UAE’s steel
consumption will reach 15 Million Tons by the end of 2012, an increase of around
50% from the consumption level of 2007.
The report highlights that the construction boom in the UAE is the major driving
force behind the growth of its steel industry. It is expected that in coming two
years, a total of US$ 392 Billion will be spend on construction activities. It
is noteworthy that UAE’s construction activities are largely concentrated in
Dubai, but during the coming years, unprecedented growth in the sector is
expected throughout the country, especially in Abu Dhabi.
UAE is mainly dependent on imports to fulfill its domestic steel consumption.
But recently major steel companies including state owned Emirate Steel (ESI)
have planned to add major production capacity in the coming years to reduce the
country’s dependence on imports.
Further as per our research, UAE is the leading country in terms of per-capita
steel consumption in the region. The per capita steel consumption in the country
stands at 2,348 Kg, which is not only higher than the GCC average of 645 Kg but
also exceeds the world average of around 240 Kg.
“UAE Steel Industry Analysis” contains an extensive research and in-depth
analysis of the UAE’s steel industry. The report gives an overview of the steel
industry and studies the key market trends to help clients analyze the
leading-edge opportunities in the UAE steel industry. Detailed data and analysis
help investors and global players to navigate through the evolving steel
industry of the UAE.
The report investigates the potential of UAE’s steel industry by focusing on the
growth prospects. The research also covers the forecast on various industry
segments including GCC steel production by country, GCC steel consumption by
country, construction industry in UAE, steel production, steel consumption and
the market share of steel companies.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM135.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
About The Author
About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. We are a
team of industry experts who analyze data collected from credible sources. We
provide industry insights and analysis that helps corporations to take timely
and accurate business decision in today's globally competitive environment.
Source :
http://www.articlecity.com/articles/business_and_finance/article_11554.shtml
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UAE Steel Consumption |
