Search DubaiPRNetwork.com

Home >> Real Estate & Retail

CEO of Emirates Steel calls for fundamental shift in GCC steel industry

Thursday, September 19, 2019/ Editor -  

Share

Home >> Real Estate & Retail
  • The inaugural conference offers delegates an opportunity to discuss the status of the regional steel and iron market in both Saudi and the wider GCC
  • Emirates Steel is the Rhodium sponsor of the conference, being held in Riyadh between 16 – 18 September 2019
 
19 September 2019 - Dubai, UAE: The CEO of Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (SENAAT), has addressed delegates assembled for the first Saudi International Iron and Steel Conference, which is being held in Riyadh, Saudi Arabia. Eng. Saeed Ghumran Al Remeithi, CEO of Emirates Steel, participated in the conference 2nd session titled “Middle East and North Africa Steel Outlook” during which he spoke of the importance of the GCC market to the global steel industry, alongside discussing the sector’s ongoing challenges and opportunities.
 
The conference, which is held from 16 – 18 September 2019, brings together professionals from across the GCC to discuss the status of the current regional steel market. Emirates Steel is a Rhodium sponsor of the conference, highlighting its commitment to providing opportunities for the steel and iron industry of the GCC to discuss and share updates. The conference focuses on the current outlook for the regional iron and steel market, the status of the global industry in the context of tariffs, alongside discussing opportunities in construction and engineering.
 
Eng. Saeed Ghumran Al Remeithi, CEO of Emirates Steel, said: “The GCC steel producers should shift their focus towards the manufacturing industry as the manufacturing base will continue to grow in the coming years. This means that the current situation where the GCC steel industry is focused on the construction sector should be changed. We need to create further opportunities for downstream manufacturing industries in order to stimulate steel’s demand in the region.  We believe that GCC governments have put the infrastructure in place, both in terms of industrial zones and transport investment and also regulations, to support downstream manufacturing industries.”
 
Continuing, Al Remeithi said: “GCC Steel producers have to focus on improving the supply chain process, reduce operation costs, improve customer’s service in order to be efficient producers and overcome the market challenges which includes the global protectionism, surge of raw material prices, sluggish demand and drop in selling prices. It is within this context that it is so important that we discuss with colleagues in the iron and steel sector opportunities to mitigate the damage from these potent challenges.”
 
“At Emirates Steel we have introduced key innovations in our production capabilities, allowing us to produce steel more efficiently and recycle waste by-products effectively. During this first Saudi International Iron and Steel Conference, I look forward to discussing with partners in the regional steel market the importance of such innovation and how to best implement new technologies,” concluded Al Remeithi.
 
Emirates Steel is exhibiting its unique range of products to conference attendees who are gathered from across the GCC, speaking to customers and suppliers regarding their requirements, alongside discussing with industry partners the current status of the regional sector, and sharing best practices in production, safety, and sustainability.

Previous in Real Estate & Retail

Next in Real Estate & Retail


Home >> Real Estate & Retail Section

Latest Press Release

Face Shields Now Required for Cebu Pacific Passengers

Malabar Gold & Diamonds Opens 2 New Showrooms as Part of Its Global Expansion Pl ...

SEHA Extends Operating Hours for Specialities in Demand

New Month, New Goals

Four UAE startups among the 12 Fintech Companies Selected for Village Capital's ...

Up to €500,000 to Support the Most Promising Innovators: The Agrofood BIC Accele ...

Emirates Glass Emicool Sun T Series Leads Way as the Most Preferred Coating Opti ...

Sedar Global's Top Tips For Designing And Decorating A Kid's Space

Back to Back Monuments on the Horizon for UAE Team Emirates With Milano-sanremo ...

Jaguar Land Rover Teaches Driverless Cars How to Reduce Motion Sickness

Dubai International Academy Announces 99% Passing Rate for MYP Certificate

Kia Motors Collects Over 2,000 Pairs of Football Boots via UEFA Europa League Tr ...

Pre-Orders for Samsung's Galaxy Note20 and Galaxy Note20 Ultra Now Open in the U ...

Etihad Airways Reports Strong Start to 2020 With Second Quarter Heavily Impacted ...

HONOR 2020 H1 Business Achievements in International Markets

National Geographic Abu Dhabi Launches Sharkfest 2020 on 5th August 2020 at 9 Pm ...

Samsung Launches Galaxy Watch3 and Galaxy Buds Live

Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation ...

UPS Releases 2Q 2020 Earnings

The Last Few Weeks of Dubai Shopping Mall Group's Summer Promotion