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UAE's Steel Consumption to Reach 15 Million Tons by 2012
By Shushmul Maheshwari
RNCOS E-Services Pvt. Ltd.
Email: press@rncos.com
http://www.rncos.com/
Friday - September 25, 2009
Category: Investment, Middle East
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 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.
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