Regional metals industry to meet amid challenges


ABU DHABI — 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 on Dec. 9 – 11, 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.”

The Middle East Iron and Steel Conference will run from 9 – 11 December 2019 at the Grand Hyatt Hotel in Dubai, UAE. — SG