Will the Middle East Region be the next bright spot?
The demand for steel especially stainless steel is increasing year-on-year every month as the construction boom has encouraged many traders to set up more shops and outlets in the UAE. Source : Zawya
In the last 2 years the Middle East region has seen tremendous developments with million-dollar projects across industries ranging from desalination oil amp; gas petrochemicals to building of ultra modern hotels. Many of these construction and infrastructure expansions have invariably been translated into increased demand for stainless and specialty steel.
The World Bank has recently reported that the economics of the Gulf region continue to look upbeat with growth rates forecast to stay at a high of 4.9 in 2007. With such positive sentiments will the Gulf region present a good potential for producers and traders looking to expand their markets What are the sourcing considerations and requirements of customers in this region.
As the world demand for stainless/specialty steels increase what are the dynamics in the vital sectors of other booming countries like China, India, Eastern Europe and South Africa What are the growth prospects and demand trends in these markets.
Nickel prices have been volatile and has leapt to almost US10lb in May 2006.This is almost 160 since the start of 2006. How is the market looking on the horizon Would there be further hikes.
CMT's Stainless/Specialty Steels Summit 19-20 March, 2007 will highlight these issues:
• Market Dynamics of the Gulf Region's Economy
• Global Stainless/Specialty Steel Developments with specific country focus sessions on
• Ukraine & Eastern Europe
• Middle East & Africa
• Nickel Market Developments
• Stainless Specialty Steel Tube Outlook
• End User's Perspectives for :
• Kitchenware & Home Appliance
• Oil & Gas Expansions
• Building & Construction