The Arab Steel Summit 2017 was concluded in Casablanca, Kingdom of Morocco under the auspices of the Ministry of Industry, Investment, Trade and Digital Economy.
The Arab iron and steel producing companies have also contacted international companies with modern technologies working in this field in order to control the cost of production, and this is the challenge in the coming years.
The research presented during the conference dealt with important topics about the challenges and solutions facing the Arab iron and steel industry, as well as presenting innovations and modern technical solutions that help in the development and development of the steel industry.
Despite the conditions that the region is going through and the unstable international and regional situations, there are indications for optimism with the stability and rise of steel prices, which reflect the beginning of market recovery as countries continue to accelerate the completion of their investments in infrastructure and housing to meet their growing needs.
The steel industry has been able to grow remarkably during the past years, despite all the challenges and obstacles faced by the region and the Arab countries, including the decline in demand for steel and price volatility, especially in the past two years with the massive influx of steel products to Arab markets from China, Russia, Ukraine and Turkey, making the Arab countries One of the target markets, which threatens the progress and future of local industries in its markets.
The Arab Iron and Steel Union calls on Arab governments to set technical controls and specifications on iron and steel imports in order to avoid dumping the Arab markets with cheap and inferior products to protect the national steel industry.