Marked 6 days 23 hours ago onto Blogs or News of Steel
Source: https://www.sinosteel-pipe.com/en/uae-steel-market-overview.html
The UAE is currently conducting several large-scale infrastructure projects with a total value of US$772 billion, which is expected to bring ongoing steel demand, with 52% of projects still in the planning, design or tendering stages.
These projects include the $35 billion expansion of Dubai Maktoum International Airport, the Dubai Metro extension and the newly announced Disney theme park on Yas Island in Abu Dhabi. According to Emsteel's chief commercial officer Michael Lyon, an airport project alone requires 2 million tons of steel bars, and the subway extension line also requires 350,000 tons. In 2024, UAE steel demand has surged by 20%, showing strong market momentum. Steel demand is expected to grow by 10% in 2025, to meet the surge in demand.Emirates Steel, a subsidiary of Emsteel, has increased its monthly output from 260,000 tons to 400,000 tons, an increase of more than 50%.
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