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Emirates Steel's acting CEO, Saeed Al Romaithi, predicted that demand for steel in major construction and infrastructure projects in the GCC will double by 2015.
Al Romaithi said that Emirates Steel's new heavy sections rolling mill is due to start production early next year to help meet renewed demand and aim to become one of the leading manufacturers and suppliers of structural steel in the Middle East.
The mill was launched in 2009 as part of Emirates Steel's expansion strategy with the capability to produce a range of structural steel products including beams and columns, channels, equal angles, unequal angles and sheet piling.
"Structural steel will be essential to the local and regional markets. The growing number of projects in the GCC working on the development of infrastructure, industrial plants, power transmission towers, bridges, seaports and high-rise towers all require the new products we will be able to supply," said Mubarak Al Khaili, Emirates Steel's vice-president of commercial strategy, reported Gulf News.
According to Steel Business Briefing, demand for medium and heavy sections in the Middle East is forecast to reach 4.3mn tonnes in 2012, with Saudi Arabia and the UAE being the biggest consumers.