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The Middle East & North Africa are ones of the world’s fastest growing metal and steel marketplaces.

The Middle East and Africa are experiencing very strong growth in steel demand, to meet the requirements of investments in oil and gas projects and expanding construction activity. Apparent use reached 25 million tons in Africa and 44 million tons in the Middle East in 2007.

Therefore, there is a massive imbalance between supply and demand, means immense business opportunities for those investing in increasing production in the region’s steel sectors, and lead to a surge in demand for machinery, equipment and consumables needed by steel. Fabrication yards have been kept busy at full capacity, trying to meet a constantly increasing market demand for fabricated steel, making the region one of the fastest growing and lucrative markets for suppliers of the steel fabrication industry.

Facts & Figures

• Major steel investments are currently being made in Egypt, Saudi Arabia, Oman, Algeria, Libya, Iran, Nigeria and Turkey.

• Main regions of growing steel demand (semis & rolled steel): Middle East,  CIS, India, Southeast Asia and Eastern Europe.

•  Egypt is the third largest steel producer in the Middle East.

•  With inexorable rising prices failing to dampen demand from steel  consumers, the Middle East steel industry is gearing up for substantial  growth. The cost of steel has almost doubled (an increase of 91%) in the  last six months.

By 2010 the Middle East steel will be producing 35 million tons per year, but will be consuming 73.3 million tons per year

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