The Ministry of Energy and Industry said that the implementation of the decision to raise the tariff on iron and iron rolls imports from 5% to 10% earlier this year and the implementation of several federal and local government projects are factors that positively affect the support of the local iron industry.
"It calls on local factories to use energy efficiency professionals to rationalize consumption and reduce carbon footprint," she said in a statement on the sidelines of the Steel Steel conference, organized by the World Steel Organization, World Steel, yesterday in Dubai.
tariff
Undersecretary of the Ministry of Energy and Industry, Dr. Matar Hamid Al-Neyadi, said that "the implementation of the decision to raise the tariff on iron and iron ore imports from 5% to 10% earlier this year has had positive effects in supporting the local iron industry and its growth, This industry is characterized by quality standards and technological competitiveness in production in a manner similar to the standards of international industries, in order to provide trade protection for national iron products in the face of dumping practiced by some international companies producing iron imported and supported in different ways ».
He added that «the implementation of the decision to increase the tariff on the iron industries in the face of some international products, which was receiving support in their countries and exercise unfair competition with local products, is one of the positive decisions recently taken in the sector».
Iron sector
He pointed out that «among the positive factors that supported the iron sector domestically, the implementation of a number of government projects, both federal and local, during the recent period, especially with the implementation of decisions of access to local companies and factories on 10% of the supply of these projects».
"Among the important projects that raised the demand for the local iron industry are the second and third stages of the Union Train, the Expo 2020 project in Dubai and other projects in addition to the various private sector projects in the real estate and commercial sectors. , Pointing out that «the Ministry is keen, in cooperation with the Ministry of Economy, to support and develop the UAE's iron exports to various markets in the world, especially with the high competitiveness and compliance with advanced standards in all sectors».
"Since the establishment of the iron and steel sector, the steel and construction sectors have achieved an advanced stage of maturity and development. This is reflected in the distinguished projects carried out at the national level, which have provided a range of new opportunities for both sectors. Sustainable development, smart technology development and looking forward to 2030 and beyond, we believe that regional investments in the hospitality, healthcare, education and infrastructure sectors are likely to continue to grow steadily, reflecting positively on the iron and steel sector, For construction ».
Al Naimi praised Emirates Steel Factory's efforts in sustainability and emission reduction in the UAE by investing in CO2 capture technologies and transferring it to ADNOC National Company for use in promoting the extraction of oil as an alternative to natural gas.
He added that «the ministry calls and motivates local factories to use specialists or companies in the sector of energy efficiency management, so as to rationalize consumption of water and energy, and reduce the carbon footprint, using the various technologies, including solar panels, and works to reduce the energy bill in the factories».
Supply of products
"The company aims in the coming period to supply its products related to peaceful nuclear energy projects to other projects inside and outside the region, such as the (Baraka station)," said Saeed Ghamran Al Rumaithi, CEO of Emirates Steel, Peaceful nuclear energy ").
He pointed out that «Egypt is one of the most important markets that the company looks forward to supply in the coming period», pointing out that «the company expanded its exports, finally, in the Latin American markets, and raised the number of countries to which it exports to 43 markets, compared to 40 markets during the last year» .
He stressed that the company is open to all opportunities to expand its business locally and externally in terms of acquiring companies complementary to the company's business, or providing the needs of raw materials, expanding export operations and increasing the market share of the company.
He added that «federal and local government projects lead the demand for iron products in the country now, especially in the major national projects, notably: Al Maktoum International Airport, and other major national projects, and outside the new projects in Saudi Arabia.
Domestic consumption
"The volume of domestic consumption of rebar annually amounts to about 3.5 million tons, while the annual consumption of all products ranges between six and seven million," said Saeed Ghamran Al Rumaithi, CEO of Emirates Steel, an affiliate of General Holding Company (Industries). Ton per year ».