Saudi leads MENA’s steel production outperforming all Arab countries with a production of 5.6 million tonne in 2015, according to Al-Riyadh, a well informed local newspaper.
Saudi Arabia secured this top ranking despite the various difficulties encountered by its steel factories with allegations of damping and temporary ban on steel exports. Certain austerity measures in dealing with the crisis, included drastic management decisions such as cuts in salaries and annual bonuses together with laying off workers.
Egypt took 2nd place with capacity with 5.5 million tonnes and the UAE 3rd with 3 million tonnes.
Metal & Steel KSA is planning for a seminar for a Metal & Steel Saudi Arabia 2016 on 1 to 3 May 2016 in Riyadh. http://www.metalsteelsa.com/ excerpts of the invitation follow.
The 5th International exhibition of Metal & Steel Saudi Arabia will continue at the staggering pace of growth to be recognized as the fastest growing steel, steel fabrication and metallurgy event in GCC region. With a variety of exhibitors and quality of buyers high on the agenda, Metal & Steel Saudi Arabia 2016 aims to be the best edition of the event so far, putting on display new product launches, live demonstrations, technology innovations and professional expertise.
Metal & Steel Saudi Arabia has been endorsed by some of the leading industry bodies and associations in the steel and metallurgy sector today, all of which will play a key role in facilitating some of the show’s leading features and conference, together with its co-located event – FABEX Saudi Arabia. There’s no better platform from which to showcase your brand and launch new products, technologies and services to the market.
The region in 2015 remained one of the fastest and growing in terms of steel production consumption due to the massive projects in the construction and infrastructure sector, second only to Asia. GCC finished steel consumption rose by 6.1% in 2015 and is forecast to further grow by 6.3% in 2016.
Exhibiting at Metal & Steel / FABEX Saudi Arabia provides an exceptional combination of networking and corporate branding opportunities and provides the perfect opportunity to boost your company’s profile amongst influential decision-makers in the KSA steel industry. It really is a formula for success!
Read more at the above mentioned website.
