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UAE flat product market faces challenges no less than long steel business

Steel industry in the UAE as well as in other countries worldwide has been affected negatively by the COVID‑19 outbreak.

Moreover, most of UAE’s big projects have passed the active consuming period, which led to low construction activity. According to the latest made-public figures by BNC Network, the total value of given projects plummeted by 17% year on year to $53.8 billion in Q1.

In addition to that, the New York Times informed that the economic slowdown in Dubai could wipe 5% to 6% off its GDP this year.

Flat steel market players are not very positive for the next coming months, as the fundamentals are weak and the government has announced severe expenditure cuts.

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الاتحاد العربي للحديد والصلب

لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

About AISU

Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.

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92 Members

28 Board of Directors

17 Country

300.000 Employees

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Tel +21323304221 Fax +21323304254
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