The Middle East Iron and Steel Conference discusses the global challenges facing the sector

Dubai, December 7 2019 WAM

The Middle East Iron and Steel Conference discusses the global challenges facing the sector, in the presence of a group of regional experts specializing in iron and steel.

Emirates Steel, the largest integrated iron factory in the UAE and affiliated to the General Holding Company / Industries /, announced its participation in the conference activities as a platinum sponsor, which will be held in Dubai from 9 to 11 December, highlighting its leadership in the regional steel sector and its commitment to exchange knowledge And best practices.

The Middle East Iron and Steel Conference is the largest annual meeting in the steel sector at the level of the Middle East region, where the company will discuss with the delegations participating in the conference the current opportunities and challenges in light of this global trade field characterized by protectionism, and the ways that companies can follow to mitigate the obstacles imposed by the macro economy Which in turn affects the iron and steel market.

In this regard, Saeed Ghamran Al-Romaithi, CEO of Emirates Steel, said that this year’s version of the Middle East Iron and Steel Conference comes at a critical period witnessed by steel markets around the world, so we look through it to dialogue with the participants and discuss their priorities for the next year and the steps that They take it to limit the impact of global protectionist tariffs, as well as to share the strategies our company is exploring.

And he added that the growth in demand rates in the Asian markets achieved a degree of positivity, in addition to the strong performance witnessed by the GCC region in the field of construction, especially through producers such as Saudi Arabia and the United Arab Emirates before the Expo Dubai 2020.

He added that there are still many difficulties resulting from the slowdown in the global manufacturing sector, especially in light of the ongoing challenges facing the auto manufacturing sector on the threshold of a period of the broader global recession .. The iron and steel sector in the Middle East region has great importance for To develop the wider local and regional sectors, including the construction, manufacturing and energy sectors, knowing that ensuring their health is considered one of the important aspects of ensuring the health of the wider economy for the region as a whole .. We look forward to “Emirates Steel” company to share our views on the current performance of the iron and steel market.