RNCOS Releases a New Report- UAE Steel Industry Analysis
Released on: September 1, 2008, 4:15 am
Press Release Author: Shushmul Maheshwari
Industry: Industrial
Press Release Summary: RNCOS has recently added a new Market Research Report titled,
“UAE Steel Industry Analysis”, to its report gallery. The report focuses
on the growing marketplace for steel sector in the UAE and thoroughly studies market
trends, evolving markets, and growth prospects.
Press Release Body: RNCOS has recently added a new Market Research Report titled,
“UAE Steel Industry Analysis”, to its report gallery. According to the
report, UAE is one of the most promising steel markets in the GCC region with its
production reaching to 1.7 Million Tons in the year 2006. Construction boom, cheap
and reliable gas and energy supply, besides its geographical positioning are the
major driving forces for the steel industry in the UAE. According to “UAE
Steel Industry Analysis”, the latest market research report by RNCOS, it is
expected that the industry will grow over 200% by 2012 from the current level.
The latest RNCOS report focuses on the growing marketplace for steel sector in the
UAE and thoroughly studies market trends, evolving markets, and growth prospects. It
assesses the present status of the steel industry in the UAE and GCC region, and
identifies investment opportunities. It also forecasts the future of the industry,
which is based on a correlation between past market growth and growth of base
drivers, such as economic performance of the country, long-term metal demand,
competitive structure, and government rules and regulations.
Key Highlights of the Report
- Total steel production in the GCC region reached 15.65 Million Tons in 2006 while
that in the UAE touched 1.7 Million Tons during the same year and is expected to
grow 235% by 2012.
- Steel consumption of the UAE is highly influenced by the recent boom in
construction and infrastructure development. The value of construction contracts
awarded by the end of 2007 is estimated at US$ 32.8 Billion as compared to US$ 16.1
Billion at the end of 2005.
- There is huge capacity expansion in pipelines in the UAE steel industry, which
will result in economies of scale for steel producers in the country.
- Economic growth and energy resources (oil and gas) are also helping the UAE steel
industry to grow rapidly.
Key Issues & Facts Analyzed in the Report
- What are the major attractions and opportunities for the UAE steel industry?
- What is the current statistics of the GCC steel industry?
- What is the role of the UAE in the steel industry of GCC?
- What are the challenges threatening the UAE steel industry?
Key Players Analyzed in the Report
This section covers the key facts on major players currently operating in the UAE
steel industry, such as Emirates Steel Industries, Al Nasser Industrial Enterprises,
Alam Steel Industry LLC, and Qatar Steel.
Research Methodology Used
Information Sources
Information in this report has been sourced from books, newspapers, trade journals,
white papers, industry portals, government agencies, trade associations, monitoring
industry news and developments, and through access to more than 3000 paid databases.
Analysis Method
Analysis methods used in the report include ratio analysis, historical trend
analysis, judgmental forecasting, and cause and effect analysis.
About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.
For more information visit: http://rncos.com/Report/IM135.htm
Current Industry News: http://www.rncos.com/Blog/
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