3rd MENA Billet & Steelmaking Raw Materials Conference

Market Opportunities
Thursday, 13 October 2016
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Integrated steel mills all over the world benefited from the decline in global prices for iron ore concentrate over the past two years as they managed to reduce expenses and raise profitability. However, steel production costs in the GCC countries stayed relatively high because of logistics peculiarities and – most of all – consolidation of DR pellets suppliers in the region, which let other producers of merchant pellets raise premiums.

Usage of purchased square billet became a real alternative for GCC producers. Yet, tougher competition and lower consumption of steel products due to low oil prices will force producers in the GCC states to keep adjusting their business models to the market conditions.

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The presentations of the speakers at the 2nd MENA Billet Import Conference are available for download now.





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The Conference attendance has been strengthened by several recent additions: Al Nada for Steel Trading (Jordan), Elite Global Holdings Ltd. (UAE), Macsteel International Trading B.V. (DMCC Branch) (UAE) and CGT MIDDLE EAST (UAE).