Noida, India (PressExposure) September 25, 2009 -- According to our new research report, âUAE Steel Industry Analysisâ, 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 UAEâs 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 UAEâs 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 countryâs 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.
âUAE Steel Industry Analysisâ contains an extensive research and in-depth analysis of the UAEâs 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 UAEâs 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.
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