Middle East’s Demand for Steel Fabrication is at its Peak

Prospects for the Middle East’s steel fabrication industry have never looked this better.with infrastructure and industrial development placed high on the agenda of the region’s respective governments, complemented by stabilized oil prices, spending on new infrastructure, construction, industrial and oil & gas projects in the respective GCC Countries are at an all time high. With this steady flow of new projects, fabrication yards have been kept busy at full capacity, trying to meet a constantly increasing market demand for fabricated steel, currently estimated at 750,000 tons in the region. This increased activity has in turn led to a surge in demand for machinery, equipment and consumables needed by steel fabricators, making the region one of the fastest growing and lucrative markets for suppliers of the steel fabrication industry .

An opportune time to break in… at the same time, the world wide shortage in steel and cut in steel quota for the Middle East have made it imperative for steel fabricators to increase their competitiveness and efficiency. Accordingly, IRANMETAFO 2010 will give an opportune time to break in. We are giving all the fabricators a chance to explore new alternative products, technologies and a platform to choose new suppliers, thus giving the fabricators a chance to meet and implement all the latest technologies to increase their market.

The Middle East is an important region for the world steel trade. A market which attracts surplus steel from most regions of the world, where there is excess capacity, the Middle East had until recently benefited from easy access to non-native supplies. Thus, availability has been seriously threatened by surging demand in the Far East and the Local steel Industry has sought to grow in order to reduce import dependency.