Steel consumption in the UAE has witnessed a tremendous growth supported by rising construction activities, increasing government and private investment spending, thus collectively generating high demand for steel rebars in the UAE.
The report titled “UAE Steel Pipes and Rebars Market Outlook to 2021 – Growing Demand for Flat and Long Steel Products to Drive Future Growth” by Ken Research suggested a five year positive CAGR in sales volume for steel pipes and revenues for steel rebars in the UAE for the projected period 2017-2021.
Fast expanding construction and infrastructure sector in the UAE has led to increase in production and consumption of both flat and long steel products including steel rebars, coils, strips and sheets and plates. Ongoing projects in the UAE, especially the projects related to infrastructure development to host the World Expo 2020 in Dubai are going to increase in demand for flat and long steel products. Steel Rebar is a key construction commodity, which has sailed through many price corrections. Moreover, UAE is a large market for international steel pipes which was evident from the fact that steel pipes market in UAE including seamless, SAW and LSAW pipes is highly import driven, thus resulting into less presence of manufacturing units in the country. Domestic manufacturing of ERW pipes is the major source of revenue for steel pipes market in the UAE.
In order to ensure that every emirate region has a suitable and adequate housing, Abu Dhabi government provides a wide range of choices in housing and funding such as house and land allocation, housing loans, construction loans and others which further boosts the demand for steel rebars in the country. Revenues in UAE steel rebars market constitutes selling steel rebar units majorly in oil and gas, construction, manufacturing and other sectors.
Major companies such as Universal Tube and Plastic Ind. Co, Conares, Ajmal Steel Tubes and Pipes Industries LLC, KD Industries Inc, Tiger Steel Industries LLC, ADPICO, Global Steel Industries, Excel Group of Companies, UAE Emirates Steel, Hamriah Steel and Union and Iron Steel Company for steel pipes and rebars are maintaining quality standards owning to specific ISO certifications and API quality standards.
Key Topics Covered in the Report:
Steel Pipe Tube Supplier Uae
Universal Tube and Plastic Market Share
Uae Seamless Steel Pipe Industry
Steel Pipe Suppliers in Uae
Uae Rebars Market
Imports Steel Rebars Uae
Uae Rebars Manufacturers
Uae Steel Pipe Manufacturers
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Ankur Gupta, Head Marketing & Communications