Q Steel offers value added products and solutions to
stockists, contractors, fabricators and pipe Manufacturers.
Steel is one of the most globally tradable commodities. According to a report, by 2020, the MENA region (Middle East & North Africa) would consume about 90 million tons of finished steel. About 1/3rd of the total demand is expected to be net imports. The forecast for the GCC region (Saudi Arabia, UAE, Qatar, Oman, Kuwait & Bahrain) is not much different. By 2020, the region is likely to face demand and production imbalance of about 30%, with total demand reaching to about 40 million tons per annum.
However, in the short to medium term, the gap would not remain as big as it is projected for 2020. Still, it is unlikely to have 100% substitution of imports particularly in high value add steel products. Local production would not justify for such niche products.