- info@alafnanmetals.com
- +971 58 596 5811
It’s always been a great wonder that where all the steel originates the gigantic skyscrapers all over UAE. It has been decades since The United Arab Emirates merged into a major centre of activity for steel production and trade. It might be a surprising fact that the UAE now ranks among the top 20 steel-producing countries worldwide. The contemporary steel industry has a direct influence on UAE’s economy and extends its hand to other fields majorly in the construction field.
Demand from the construction sector: The UAE’s construction has a resonant sound in fuel demand for steel bars. Higher building projects demand higher opportunities available for steel bar makers and traders.
Raw material costs: The profit margins set by the steel manufacturers have been influenced by the pricing of steel billets and corresponding steel bars.
Government policies: As with the other elements, laws and Government policies have a direct impact and it influence (import duties, quotas and subsidies on steel products) on the fast-growing position of locally available manufacturers versus imported steel bars.
Manufacturing Sector: Stainless steel is an ingenious material with a wide variety of uses over a wide range of commerce, inclusive of business, trade, commerce and traffic, electronics, and healthcare. In the UAE, the manufacturing sector benefits from locally produced stainless steel, which is used for fabricating components, machinery, equipment, and consumer goods.
Oil and Gas Industry: UAE is the man of the match in the global oil and gas industry. Stainless steel is majorly used in such sectors for pipelines, storage tanks, and equipment owing to its corrosion resistance and power, specifically in offshore and onshore installations, whereas aviation to harsh environments is not odd where exposure to harsh environments is common.
Diversification and Economic Growth: As not like old, UAE has spread its wings on a wide variety of economy than solely relying on oil and gas. Stainless steel production plays a vital role in diversification by offering opportunities for its downstream industries. It aids in creating a more pliable and consistent economy.
Job Creation and Skills Development: Right from mining, to refining raw materials and providing opportunities to skilled and unskilled labourers, it provides n number of lives to the people. Through the research and development program, it promotes skill development.
Export Potential: With its strategic location and advanced infrastructure, the UAE is well-positioned to export stainless steel and related products to regional and international markets. This contributes to the country’s trade balance and enhances its global competitiveness in the manufacturing sector.
In conclusion, stainless steel production has a great impact in the UAE manufacturing industry through supporting infrastructure development, driving economic diversification, creating employment opportunities, and fostering innovation.
