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Industry
news
The AMEinfo.com news site reports that Emirates Steel, the
largest single integrated steel producer in the UAE,
registered an increase in finished products output of 45.4%
during the first half of 2010, compared to the same period in
2009. Product sales increased by 30% during the same
period.
According to figures released by the company, production
of rebar grew by 26% during the first half of the year,
compared to the first six months of 2009; while the output
of wire rod went up by a significant 283%. In May, Emirates
Steel achieved one million man hours without a lost time
injury.
Exports of these products more than doubled. The company
sells around 80% of its products to the local markets, while
the rest is exported to Jordan, Saudi Arabia, Kuwait, Oman,
India, China, the Far East and Pakistan.
“This is a significant increase considering the downturn in
local and regional markets,” said Mr Carl Andersson, SVP of
operations. “The construction sector is the primary
consumer of our rebar and wire rod products,” he added.
“Our objective is to be one of the leading regional
companies in steel making. To reach this goal, we are
working hard to eliminate bottlenecks in production. Like
most steel makers, we have to operate our facilities at full
capacity to make a profit.”
Mr Juma Al Mansouri, AVP of sales, expects Emirates Steel
to export more than 50% of its wire rod and coil products in
2011, whilst only 15% of rebar output will be exported. “On
the commissioning of the steel sections mill, during the first
quarter of 2012, further export opportunities will be
targeted,” he concluded.
Emirates Steel Industries – United Arab Emirates
Website
:
www.esi-steel.com❍
Emirates Steel is the largest integrated steel producer in the UAE
Emirates Steel increases output by 45.4%
and sales volumes by 30%