ME fastest-growing region for crude steel

January 2018

Middle East retook the title of world’s fastest-growing region for crude steel production recording an increase of 29.03 million tonnes, according to World Steel data.

A report by World Trade Organisation indicated that the European Union remained the top exporter with a 38 per cent share of world exports of iron and steel.

The Russian Federation rose from sixth to fifth position in 2016, while India climbed from tenth to eighth place.

Satish Khanna, general manager of Al Fajer Information & Services, organisers of Tekno 2017, said: “With growth in infrastructure and construction, the demand for iron and steel is on a surge. This growing demand is an indication of a robust world economy.”

“While countries of the world are witnessing a gush in demand for steel, progress in the Middle East steel market has also been positive,” he said.

Organised by Al Fajer Information and Services, Tekno 2017 is the region’s only international trade show exclusively for the manufacturing, technology and solutions, featuring specialised areas as Tube Middle East, Metal Middle East, Wire and Cable Arabia and Welding and Cutting Middle East.

More than 94 international exhibitors, and seven domestic exhibitors took part in Tekno 2017, an international industrial trade fair, which was held last month in Dubai, UAE.

More Stories