Abu Dhabi-based Emirates Steel produced 0.55 million tonnes of heavy structural sections, 1.85 million tonnes of rebar and 0.4 million tonnes of wire rod during 2014 despite market challenges, its chief executive said.

The company's sales of structural steel also reach up to one million tonnes from the start-up of its production date in late 2012 till the end of 2014, explained Saeed Ghamran Rumaithi.

He was speaking at the first annual customer meeting of Senaat-owned Emirates Steel, the only integrated steel plant in the UAE, yesterday (June 16) at the Jumeirah Etihad Towers hotel in Abu Dhabi, UAE.

The initiative falls under the company’s mission to strengthen its partnerships with some of the most important distributers and importers of heavy-section products at the regional and global level, while consolidating its position in the market.

The meeting was attended by officials from over 58 regional and international companies representing dealers and distributors for Emirates Steel in more than 13 countries including Canada, Hong Kong, Germany, Netherlands, Singapore, Turkey, India, the UK, Saudi Arabia and Morocco.

During the event, officials, senior officers, and directors from Emirates Steel discussed ways of improving cooperation and consolidating existing partnerships while enhancing communication to improve common interests, in addition to the latest developments taking place in various markets.

Emirates Steel’s export market comprises Saudi Arabia accounting for 54 per cent of exports, followed by the US and the UK, each accounting for nine per cent, Mexico eight per cent, Germany five per cent.  The local market share made up 61 per cent of its total sales during 2014. – TradeArabia News Service