Flat Steel Product Consumption is Growing at a Considerable Pace in UAE

NOIDA, India - July 28, 2014 - PRLog -- With the growth in the manufacturing sector, the demand for flat steel products is increasing in UAE. The growth in the construction activities is also adding to the demand for flat steel products. According to a new report by RNCOS, “UAE Steel Industry Outlook 2018”, since the production of flat steel products is not enough to meet the demand, they are also imported by UAE to meet the demand and the supply gap.

According to our report, flat products include coils, sheets & strips and plates. These products are mostly used in the manufacturing sector and hence are witnessing massive demand due to the developments taking place in these sectors. In the future also, flat products consumption is expected to increase due to rapid developments taking place in the manufacturing industries, consumer durables and fabrication etc.

The report “UAE Steel Industry Outlook 2018” thoroughly analyzes the UAE steel industry’s performance in terms of production, consumption, import and export. It covers production and consumption forecast till 2018 of crude and finished steel. Finished steel has been further segmented into long and flat products. Long products have been classified into rebar and structural sections. Similarly, flat products have been segmented into coils, strips & sheets and plates. Our comprehensive report has closely studied and provided market forecast till 2018 for production and consumption of both long & flat products and their types.

The report also covers steel imports & exports of ingots and semi-finished steel, long products, flat products, and tubular products. In addition, the report highlights the major steel exporting countries to UAE along with the countries from where UAE imports steel. The long and flat steel products consumption outlook till 2018 in construction & infrastructure and manufacturing industry has also been provided. The report also sheds light on the drivers and provides competitive landscape covering the profiles & key management people of various industry players like Emirates Steel and Conares, among some.

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