UAE’s Steel Consumption to Reach 15 Million Tons by 2012

According to our new research report, UAE Steel Industry Analysis ", despite being affected by the ongoing financial crisis, the steel industry in the UAE is expected to witness well in advance. Various future infrastructure will drive demand for steel in the UAE. It is expected that the Use’s steel consumption will reach 15 million tones by the end of 2012, an increase of about 50% of consumption levels for 2007.

The report stresses that the construction boom in the UAE is the main driving force behind the growth of its steel industry. It is expected that over the next two years would total U.S. $ 392 billion to spend on construction activity. It is noteworthy that the Use’s construction activities are mainly concentrated in Dubai, but in the next few years, unprecedented growth in the sector is expected across the country, especially in Abu Dhabi.

UAE is primarily dependent on imports to meet its domestic consumption of steel. But recent large steel companies including state-owned Emirates Steel (ESI) has planned to add more capacity in the coming years to reduce its dependence on imports.

Additional per our research, the UAE is the leading country in terms of per capita consumption of steel in the region. Per capita consumption of steel in the country is at 2348 kg, which is not only higher than the GCC average of 645 kg, but also above the global average of around 240 kg.

"UAE Steel Industry Analysis" provides extensive research and thorough analysis of the Use’s steel industry. The report provides an overview of the steel industry and surveys the main trends in the market to help customers analyze the most advanced options in the UAE steel industry.Detailed data and analysis to help investors and global players to navigate through developing the steel industry in the UAE.

The report examines the potential of the Use’s steel industry by focusing on the growth opportunities. The research also includes forecasts of different industry segments, including the GCC steel production country in the GCC steel consumption by country, the construction industry in the UAE steel production, consumption of steel and steel market.