GCC steel output to hit 5.2mtpa in 2010
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GCC steel output to hit 5.2mtpa in 2010

GCC steel output to hit 5.2mtpa in 2010

Flat steel production in the GCC is expected to reach 5.2 metric tonnes per annum in 2010, according to a study by the Gulf Organization for Industrial Consulting presented at the ongoing Project Qatar 2008 trade fair. The study also examines the present level of imports and future plans for expansion of steel production in 15 neighboring countries. Based on available data, 10 of them have been selected as target countries for export of rolled steel from the GCC. The total steel import of these 10 target countries was 7.7 million ton in 2006, while the study has shown the shortfall in flat steel products will reach some 5.2 MTPA in 2010.

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    AMEinfo Staff

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