Current steel prices pose major breaks for regional industry, says

Current steel prices pose major breaks for regional industry, says

0 Comments | Al Bawaba, Mar 10, 2010

The current price of steel in the UAE has seen a monthly increase from December 2009 to reach AED 2,150 per tonne in March this year – a growth pattern that is posing major prospects for the regional market in terms of its implications on the capacity of mills to operate at full capacity, according to Danube Building Materials, the leader in construction, building materials and shop fitting industries. The company further revealed that scrap prices continue to firm up, costs of raw materials steadily increase, and billet availabilty is constrained. Further price hikes are likely in the coming months, thereby prompting local steel suppliers to strongly reinforce their presence in the regional market. The steady price hike in the region, however, is not in tandem with the steep levels by which global steel prices are rising, which is a reflection that the steel market in the region is becoming indifferent to global market forces and thus continues to have a significant lag behind price surges in other parts of the world.

The price of steel in the UAE started its recent climb from a rate of AED 1,780 per tonne in November-December 2009, to AED 1,850 in January 2010, to AED 1,950 in February, and to its present rate of AED 2,150 per tonne. Comparatively, global steel (mill) prices have gone from USD 490 (December 2009) to USD 520 (January 2010) to USD 535 (February 2010) to USD 570 (March 2010), and latest estimates reveal that a price of USD 600 is imminent. The region’s indifference to the rate of increase seen in global prices is partly due to weak demand, as a result of some major projects in the Middle East being delayed or put on hold. Furthermore, liquidity in payment remains tough, with most contractors and developers unable to commit to immediate payments for suppliers in the region.

“The local steel market required up to 400,000 tonnes of steel per month in the years prior to the recession but this has reduced to 250,000 tonnes per month on account of the international economic downturn,” said Rizwan Sajan, Chairman, Danube Building Materials. “The increasing role played by GCC-based steel suppliers, which has curbed the flow of Turkish steel into the country, is also an indicator of the increasing growth potential for the regional steel industry. We remain optimistic that steel prices in the region will increase to reach its ideal level, which is somewhere around AED 2,300 – 2,400 per tonne, and this will provide a boost to the mills, which have been affected by the recession to gain full operation capacity and thereby stabilise the market.”

At present, top UAE-based suppliers Emirates Steel Mills and Qatar Steel Corporation dominate the regional supply chain, delivering a combined 175,000 tonnes of steel (125,000 tonnes and 50,000 tonnes, respectively), to the UAE. With scrap traders holding on to existing stockpiles and a lower collection of scrap over the past few months, steel prices in the region have increased at rates of close to 12 per cent in the last month. Whilst billet availability remains another issue in the region, Danube is confident that the current steel prices are a realistic reflection of the market and bode well for the remainder of the year.

“The global market has seen steel prices drop to an all-time low of USD 390 back in 2008, while prices in the region had hit the bottom price of AED 1,750 per tonne in 2009. During these periods, the steel industry has had major difficulties coping with the closure or slowing down of mills. The increase in prices we are monitoring in the UAE and the rest of the region is suggestive of positive developments in the stability of the steel industry, and we are watching for further indicators to help us leverage this excellent progress,” concluded Sajan
stainless steel fabrication sydney

In the State

In the State of Maine if you commit a DUI offense that results to an accident that involves a passenger who is below the age of 21 in the car. Aside from the maximum penalties, the offender will also get extra 9 months revocation included as punishment. When it comes to driving under the influence of alcohol the state of Maryland acts very tough on drivers who are fond of driving on the states road under the influence of alcohol. So watch it if you are residing in Maryland. Do you know that Maryland is a participant in the inter state Drivers compact? The implication of being a participant in this kind of agreement is this: if you happen to be arrested for DUI offense in Maryland, your case can be handed over to your home state and the appropriate punishment will be meted out on you by your state. Like every other states two kinds of persecution principles abound in Maryland, the first of them is the on impairment. In this case the prosecuting office strives to establish that you were evidently impaired when you were arrested for DUI. The evidence that might be introduced by the officer is the odor of alcohol in the drivers breath, the appearance of the defendant and the refusal of the driver to corporate with the officers for chemical testing. If you are a first time offender for DUI in Maryland, your punishment will include the revocation of your driving privileges for one month and fifteen days, you will be required to pay a fine of $1,000 and you might face up to one year in prisonment.
potomac deck cleaning

Insomnia seems an abstract

Insomnia seems an abstract ailment that is difficult to treat, and lots of folks just take some kind of anesthetic to make their sleep come to them. Well let me tell you, some non-conventional processes can actually get to the root of it and actually heal you from its cause. All it takes is just believing in it enough to go for it. The United States is unfortunately filled with people who are more interested in quick-fix solutions, as opposed to the more permanent types that are available. With alternative cures all over the place, this kind of thinking is counterproductive and should not be encouraged. Instead of just downing a pill to address the symptom, undergo a process to heal the ailment. Being obsessed with quick-fix solutions to sicknesses does not do anyone much good, especially in a place like the United States where painkillers sell faster than water does. We need to break free from thinking that way and open our minds to other possibilities, possibilities that offer real and lasting solutions and not just a patch. If conventional medicine is not it, then turn to the alternative. I have heard of instant abs, but I have never really taken a fancy to the idea. Why take that kind of medication to shortcut something I can really work to get? People don’t like to think of working out as an alternative cure to a lot of ailments that they suffer from, but thats their loss. I would urge you to not wait until something else forces you to rethink that strategy. There are times when the medically prescribed treatment for the disease you suffer from is not the best one for you; there are times when you should have sought out alternative medicine instead. How do you draw the line and make the decision? By learning about it, thats how. By knowing what exactly else you may do that can make the difference.
get cut abs

In opening, it’s increasingly becoming

In opening, it’s increasingly becoming very rare not to give baby gifts to loved ones that are celebrating the arrival of a new born baby; what’s most important now is to find and give the right baby gifts. On a preliminary note, when thinking of baby gifts, think of getting the ones that will stand out in a crowd of lots of baby gifts; it’s not unusual to see one baby gift stand out while lots of others get lost in the pile of other baby gifts. If you intend to buy baby clothes as your baby gifts, ensure you know the sex of the baby before going shopping for the baby clothes; not knowing the sex can put you in a very tricky situation. If you don’t have money to buy even the least expensive baby gift and you are poetic, you can write a wonderful baby gift poem for the new baby; you will be surprised how much appreciated such baby gift poem will be, especially if it’s really very poetic and well written. When buying baby gift baskets, it’s not just the basket that matters but the gifts that come inside the basket, ensure they are gifts that are unique and useable. When buying baby gift baskets, you should browse through as many as possible before buying; this will help you get rid of useless items and pick one that has only good and usable items inside the baby gift baskets. Baby showers aren’t just about buying baby gifts; instead, baby showers represent very special celebration of the new life that has come into this world. It’s not a bad idea to buy children’s music as the right baby gifts; there are many great CDs that contain wonderful children songs or even Sunday school music. I’m sure one can see the glint in the eyes of a baby if you send her a baby gift that has her name beautifully carved on it; so personalization is key to sending the right baby gift. As a final point, don’t neglect the idea of sending baby gifts to new born babies; the same kind of commitment and love that you put into buying the right baby gifts for a friend can make others do the same for you when your time comes; didn’t they say “what goes around comes around?”.
australian outdoor furniture

Trees that make excellent landscaping features can

Trees that make excellent landscaping features can be selected from a wide range of trees that are available on line and even in magazines, newspapers or books. Landscape rocks are of different shapes, sizes and colors and can be used to frame and compliment the house that is being landscaped. Drainage is the direction in which excess water is collected and disposed; a good landscape plan should include a good drainage plan especially one that is effective during the rainy season. If I were to speak artistically, I would define landscaping as the process of encasing a master piece with a frame of pleated gold.landscaping is that finishing touch that summaries the beauty of a home. You can choose a landscape plan that will perfectly reflect who you are or what you believe in thanks to the wide range of landscape ideas available. If you are not sure you will be able to landscape your home by yourself, dont even risk trying because you may do things wrongly and then have to pay more to a professional to re-do the entire thing all over again.
water damage detroit

Before you proceed to a used car

Before you proceed to a used car auction, you should have a clear cut idea of the car that you are looking for and how much it goes for resale. You should strive to stick to your financial limits in bidding for a used car in order to avoid taking out more than you can afford. Most used car auction organizers have a scheduled day when you can come in and look at the cars that are going to be auctioned off. The wise used car buyer should have a car model, make color and mileage in mind before going to a used car auction. In searching for a used car, your choices are narrowed down when you know exactly what you want in a car. More often than not, you are likely to get a used car at a police auction for used cars for 70% less than the actual resale price. Auctions are a good place to get a used car that is still in applaudable shape. You can look around your area for used car auctions that are either organized by the government or by the police to get a good used car. When buying your used car on eBay, its important for you to be very careful. As reputable as eBay is, there are often criminals who are there with only one purpose defraud as many people as possible.
stroudsburg painting

First, it’s not

First, it’s not every time you notice hair loss that you should be scared to death; some types of hair loss are reversible as well as temporal. Before everything else, if you notice you are experiencing hair loss, study all you can about the subject and talk to an expert before you make any decision, let alone take any medication. Stress or trauma can cause hair loss; such hair loss is known as stress or trauma-induced loss of hair (also known as Telogen Effluvium). Apart from DHT, other causes of hair loss can be lack of the right nutrition to the hair. To talk to other people who also have hair loss problems, go online and search for “hair loss discussion forums”; you will be surprised how much helpful information you will get from many of the members. Its not wise for you to go out there looking for a hair loss product or treatment without first determining the precise cause of your hair loss; without knowing and treating the cause, treating the symptom is the wrong solution. Certain kinds of pollution can cause hair loss; thats why its very important to stay away from as much pollution as possible. Paying serious attention to the latest news on “hair loss” will reveal lots of new technological advancement being done in this area. Remember that too many hair shampoos, hair bleaching, hair coloring, blow dryers, harsh brushing/combing, braids, etc can lead to hair loss in both males and females. Finally, I don’t think anyone should continue to suffer the frustration of hair loss when modern medical advancement now has solutions that effectively treat hair loss.
t1 internet line

It is not

It is not common to see acne on the faces and skins of people who are over the age of fifty; in fact it isn’t common to see it on anyone older than thirty-five. Most sufferers endure the condition when they are still young and coming of age. People who suffer it into their middle age years and beyond are outliers; anomalous cases. Have you ever lived in with a woman suffering from acne? Wait and watch until you see her come out of the bathroom, she would spend perhaps an hour applying makeup before stepping out. This does not count the lotion or whatever that she had on her face when she walked in. that one was applied last night! But do you blame her? She’s trying to solve her acne problem. Know your disease. It is unfortunate that a lot of people think that what you don’t know cannot hurt you, but that kind of thinking is so yesterday. Today, what you do not know about a disease that plagues you goes all the way in handling it. Acne, for one, has a lot of types and a lot of ways by which people attempt to cure it. If you are better informed on the disease, you can address it with understanding. People have suffered from acne for as far back in history as you don’t want to even think. Rather than feel singled out by the condition for your sins or those of your fathers, you can feel pride at such a kinship with great ancestral figures. This is important because the way you feel about the condition will help in the treatment process. Instead of being depressed about your acne, you should be in the right frame of mind to battle and solve it.
cleaning companies london

When you get health insurance,

When you get health insurance, you arrange to get a certain amount from them. If you don’t want the money, you can simply ask that they pay your medical bills, no questions asked. So, which catches your fancy more? Not everyone has health insurance in the United States today, but everyone should. There simply is no reason for anyone to leave themselves open to the unreasonable risk of having an accident and not being able to afford the medical attention that they need. And so, if you are not already covered, you totally have to work on that right away. To get health insurance, you must pay a regular premium. The premium is the payment that you make to obtain and maintain the insurance policy. It is done on time-interval bases, such as monthly, weekly, quarterly, or stuff like that. Just so you know, if you break the premium cycle, you break the obligation of the health insurance firm to you also. You don’t want to live anywhere in the world without health insurance. The danger is that you could someday require a procedure that you cannot afford. Lord knows basic healthcare is expensive enough without you having to pay for complicated medical procedures out of your own pocket. The insurance coverage is what will save you then.
houston insurance

Power could be totally FREE,

Power could be totally FREE, you know; no longer do you have to worry about the electricity bill. That would be the day, eh? Well, its closer than you think. All you need is just to go solar with the solar panel, and you will be home free. Why don’t you get a Solar Hot Water panel in your home? You might not have thought of the figures, but it could lower your carbon emissions by up to 500kgs each year, and that would just be a start. If all appliances in the home can also go solar, think of how much money you could save when you never again have to worry about the electricity bill. Although carbon emissions were not the only reason why solar panels were developed, today, they are the chief reason why the solar panel is in use. Now all over the world, people are warned that with the earths dangerous carbon emission levels, thing simply cannot continue that way. Solar panels are very simply the best way out. Solar panels can be made of solar cells or heat-absorbing plates. Either way, they are meant to collect energy from the sun and make it useful for other appliances. If you know how to use them well, then you should be getting them installed in your home right now. These days, solar panels are useful in heating buildings and powering satellites. However, there is obvious evidence that their use will extend well beyond that and into everything. If you are smart, you can be at the forefront of the development. It is inevitable after all, so you might as well embrace is as much as you can.
business coach melbourne

Return top