Alam Steel Ltd and Macsteel SA have announced a 50-50 joint venture to set up the Middle East’s first service centre for processing high-grade steel plates and sections for the petrochemical, mining, earthmoving, shipbuilding, construction, manufacturing and fabrication industries.
The state-of-the-art facilities will cost Dh100 million ($27.23 million) and be operational within a year in a 300,000 sq ft facility in the Jebel Ali Free Zone (Jafz).
“Alam Steel’s decision to set up its new facility in Jafz will certainly help the company in consolidating its presence in the UAE and in the region as a whole,” said Jafz Authority senior vice-president for commercial sales Ebrahim Al Janahi.
“The opening of this facility shows the magnitude of the company’s expansion plans and also the confidence it has in Jafz as the base for new operations.”
A complete range of flat steels will be processed by the service centre, including commercial, structural, pressure vessel, stainless, wear resistant and several other grades using modern machinery which will be controlled and backed up by a competent team of engineers in a modern drawing office.
 Cut to length, saw and drilling services will also be available for long products.