Middle East Steel Markets 2017
Join the Kallanish Middle East Steel Markets 2017 conference this 4-5th October 2017 in Dubai. In 2016 the Middle East retook the title of world’s fastest-growing region for crude steel production, as its four largest-producing nations recorded a combined 7.6% year-on-year output increase to 29.03 million tonnes, according to worldsteel data.
Download the Review
Read our 3 page Middle East Market review written by our KallanishSteel Middle East Editor, Adam Smith.
- Trade defence
- Steel market adapts to lower oil prices
- UAE re-rollers bounce back
- Iran emerges as semis export powerhouse
- Can scrap offset DRI woes?
- Egypt gradually tackles economic problems
- Turkey considers future trade relationship with MENA
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Conference Topics
This two day conference will address the following questions and issues in 9 detailed sessions:
- Oil Prices and Steel Markets - How has the Middle East adapted to the oil downturn?
- Evolving Raw Materials - Will gas supply and currency issues continue to hamper DRI output? Can HBI imports and regional scrap supply continue to be an alternative?
- Trade Defence - Is the time finally right for the region to put measures into place?
- Iran Steel Focus - What are the prospects for Iranian steel demand and supply? Is the capacity expansion target of 50 million tonnes/year achievable?
- Saudi Arabia - To what extent has Saudi Arabia successfully implemented recent reforms to move away from dependence on oil, and what is its outlook for steel demand?
- Turkey to become anet flat steel exporter - How likely is Turkey to expand its flats supply to the Middle East as the region’s economies mature, given domestic suppliers are increasingly satisfying longs demand?
All these topics and more are set to be discussed at Kallanish’s Middle East Steel Markets 2017 in October.
Who attends?
This event offers an unparalleled opportunity to network with top executives from the regional steel market as well as the global steel supply chain.
Trading companies, Steel producers, Steel service centers, Banks and financial institutions, Mining companies, Industry consultants, Recylcers, Frieght & Logistics, Brokers, Fund Managment, Engineering Companies, Industry Associations, Government
Venue
The Address Dubai Mall
Address: 5-STAR, P.O. Box 31166, Dubai, UAE, GPS Location: 25.199777,55.27732m
Phone: + 971 4 438 8888
Located at the heart of trendy Downtown Dubai, overlooking the world’s tallest tower, Burj Khalifa, and attached to The Dubai Mall, one of the largest shopping and entertainment destinations in the world, Address Dubai Mall, Downtown Dubai is always in vogue.
Sponsors and Partners
Platinum Sponsor |
Established in 1997 and is a 100% Saudi Owned Company practicing strong Manufacturing Quality Fundamentals to produce and supply Galvanized Steel, Pre-painted Galvanized Steel Coils & Sheets to the Saudi Arabian, GCC , MENA, Europe and Global markets with the following manufacturing facilities:
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Gold Sponsor |
UNICOIL is accredited with the Eight Quality Marks and Certifications, viz., SASO (Saudi Standards, Metrology and Quality Organization), EQM (Emirates Authority for Standardization & Metrology), JQM (Jordan Standardization & Metrology Organisation), KQM( Kuwait standards and Metrology Organization) and certified for ISO 9001:2008, ISO 14001 (Environmental Management System Standards) & OHSAS 18001 (Occupational Health & Safety Management System Standards) and Laboratory Accreditation according to ISO 17025 from DAC a fully member of ILAC.
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Silver Sponsor
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The Strang System began in the early 2000s, when company chairman Robert W.A. Strang noticed expanded polystyrene (EPS) used as the foundation in road making, and recognized its strength and durability. Today, over 1,000,000 metric tonnes are shipped worldwide each year using the Strang System. The Strang System was designed as a solution to the eternal problem of containerizing steel coils – of securing a heavy cylindrical object inside a much lighter box. In seven years of operation, the Strang System has been completely damage-free. That is, not a single incident of damage to cargo or container has been attributed to the Strang System. |
Sponsorship & Exhibiting
Sponsorship and exhibition packages at Kallanish events offer the opportunity to increase your brand awareness, raising your company profile pre event, during the event and post event. A range of options is available to suit any budget and can be customised to suit your needs.
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09:00
Registration
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11:00
Chairman's Welcome
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11:05
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11:10
Session 1: Executive Session – Debating the big picture
The Middle East steel industry continues to endure a period of quite remarkable change. The GCC once heavily dependant on imports, now far more self sufficient, is undertaking its first trade investigations. Prolonged low oil prices have largely put the brakes on the high rates of steel demand growth -- once the hallmark of the Middle East steel sector. Post-economic sanctions Iran is emerging as a major steel semis exporter. Turkey’s once dominant rebar and billet trade with MENA is much diminished, but its flat steel exports have soared. International steel and economic experts will debate and share their views on the big picture across the region.Presentations
Moderator: John Short - CEO, Aleph / Steel Derivatives- Middle East and North Africa steel market outlook
• How has the region’s steel market performed in 2017?
• What are main opportunities and threats foreseen for 2018?
• Has the region learnt from over-investing into new capacity?
• Will MENA steel demand continue to rely on oil or is diversification being stepped up?
Rayed Abdullah Al Ajaji – CEO, Universal Metal Coating Company (UNICOIL) - Middle East and North Africa economic outlook
• How have GCC economies adapted to lower oil prices?
• What progress is being made in diversification away from oil?
• How will the diplomatic row with Qatar impact regional trade?
• How will UAE maintain economic growth momentum post-Expo 2020?
Thanos Tsetsonis - Director, Regional Sector Research, Emirates NBD - Panel Discussion - What direction is the Middle East market heading in?
• What are the main challenges facing Middle Eastern steel industry?
• Is UAE likely to remain regional demand driver once Expo impetus subsides?
• Will the introduction of tax have an impact on regional steel trade?
• How long until Saudi steel demand recovers?
• Will the region invest into more flat steel production capacity?
Rayed Abdullah Al Ajaji – CEO, Universal Metal Coating Company (UNICOIL)
Thanos Tsetsonis - Director, Regional Sector Research, Emirates NBD
Mohamed Al Jabr – Vice Chairman, Council of Saudi Chambers – Steel Committee
Kaushalendra Prasad – Chairman, KP Global Consulting
- Middle East and North Africa steel market outlook
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13:00
Lunch
Gold Sponsor: UNICOIL Laboratories – Pre-Lunch presentation -
14:00
Session 2: GCC steel markets adapt to the oil downturn
GCC steel markets continue to adapt to lower oil prices and substantial new steel capacity coming online. Meanwhile, the sector has benefitted from a rebound in Chinese domestic demand and higher scrap prices, effectively pricing out Turkish longs. To what extent are regional mill margins under pressure? How does the regional flat steel sector compare? What are the opportunities for expansion in flat steel consumption? After so many years of trade defence talk, what are the prospects for regional trade following the launch of the first steel investigation? Hear from our panel of experts and join the debate.Presentations
Moderator: Adam Smith, Editor Middle East, Kallanish Steel- Saudi Arabia steel mill challenges for the future
• How have producers adapted to reduced oil-funded steel demand?
• To what extent have mills’ pricing policies become more flexible as a result of increased competition?
• What is the prospect for Saudi exports following the issuing of the first export licences?
• Will the China-origin billet import uptrend continue?
• Opportunity for local wire rod producers to displace imports from China
Mohamed Al Jabr – Vice Chairman, Council of Saudi Chambers – Steel Committee - Prospects for increased flat steel consumption in the Middle East
• How is regional flat steel consumption faring?
• Where are the opportunities for greater flat steel use?
• How have flat steel import patterns shifted since China’s retreat from the export market?
• How has AGIS’ new galvanizing line performed since commissioning?
Abu Bucker Husain AS – CEO, Al Ghurair - Is GCC finally using trade defence measures?
• Prospects for regional trade defence following launch of first steel investigations
• Will new UAE trade law lead to probes separate from GCC?
• Why the push for trade defence now after so many years of talk?
Rudi Leleu – Commercial Director, Dentons - UAE rebar market outlook
• Prospects for regional trade defence following launch of first steel investigations
• What are the opportunities and threats for the UAE rebar market going forward?
• How has the situation of UAE rebar re-rollers improved? - Olexandr Yatsenko – Marketing Manager, Hamriyah Steel
- Saudi Arabia steel mill challenges for the future
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15:30
Networking Coffee Break
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16:00
Session 3: Evolving raw materials and margins
The outlook for the DRI industry has worsened due to a global shortage of DR pellets and availability of cheap natural gas, following the withdrawal of government subsidies. Does an opportunity now exist for regional steel makers to mitigate the DRI issue with increased steel scrap sourced from within the region? According to World Steel Association data, Middle Eastern scrap exports reached 1.5 million tonnes in 2016 with around two thirds coming from UAE. What is the future for intra-regional scrap trade? How have input materials affected mill margins in the last twelve months? Is there an opportunity to mitigate margin risk?Presentations
- UAE as a scrap supplier
• Will UAE scrap suppliers ship more material within the region?
• What are the future prospects for scrap exports to the Indian subcontinent?
• How have increased Chinese scrap exports affected competition?
Salam Al Sharif – President, Bureau Middle East Recycling - GCC rebar: the struggle for sustainable conversion margin
• To what extent are regional mill margins under pressure?
• How can firms use risk management to mitigate margin compression?
John Short – CEO, Aleph / Steel Derivatives
- UAE as a scrap supplier
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17:00
Cocktail Reception
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08:00
Registration
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09:20
Chairman's Review
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09:30
Session 4: Executive Session
High rates of steel consumption growth in the Middle East have long attracted investment and trade from both within and without the region. How attractive is the Middle East for steel trade and investment given the current market circumstances? To what extent have factors such as new capacity coming online, higher scrap prices, continued low oil prices and political instability within the region, influenced investment decisions and the availability of finance? Join this session to hear first-hand from global trade and investment specialists about existing challenges and opportunities, and how to take advantage in this ever-changing market.Presentation
- Trade, Investment, and Challenges & Opportunities
• Is the Middle East still an attractive location for steel investment – Steel perspective
• How has the trading landscape changed in Middle East over recent years?
• What challenges and opportunities can we expect to face in coming years?
• What is the outlook for steel demand across the Middle East?
Sanjeev Gupta – Executive Chairman, Liberty House Group
- Trade, Investment, and Challenges & Opportunities
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10:15
Session 5 – Iran offsets sluggish demand with increased exports
With the lifting of economic sanctions, Iran, the undisputed heavy weight in the Middle East, has emerged as a semis export powerhouse. Prior to 2011 Iran relied on imports of semis from CIS and Turkey. Today, through investments in new capacity, its steel production has outstripped its own steel consumption. With its vast reserves of iron ore and natural gas, many tip Iran to become a major exporter of steel and DRI. Is Iran’s 50-million tonnes/year crude steel target of 2025 achievable? Has Iran re-emerged as an iron ore supplier to China? Hear from our panel of Iranian steel and raw material experts about these and many other questions.Presentations
- The prospects for Iran’s steel industry
• Will Iranian semi-finished product exports continue to grow?
• When will Iran’s local construction sector recover?
• Is the 50 million tonnes/year crude steel capacity target by 2025 achievable?
• How is Iran’s oil & gas sector modernisation progressing?
• To what extent have steel imports risen post-sanctions?
• To what extent has access to finance improved?
Bahador Ahramian – MD, Yazd Rolling Mill / Member of Board ISPA - The outlook for Iranian raw materials availability
• Will Iran emerge as a pellet exporter in the short-term?
• Has Iran re-emerged as an iron ore supplier to China post-sanctions?
• Have Iranian steelmakers increased the scrap content in their feedstock mix?
Keyvan Tehrani – CEO of Iron Ore & Steel, Jame Tejarat Co
- The prospects for Iran’s steel industry
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11:00
Coffee Break
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11:30
Session 6 - Turkey’s future role in the Middle East
As higher scrap prices have effectively priced out traditional Turkish rebar and billet exports to the Middle East, what does the future trading relationship look like? Meanwhile, Turkish flat steel exports soared in the first half of 2017 far outpacing longs exports growth for the same period. Will Turkey focus more on flat products to the region, or forego trade with the Middle East and focus on other regions? Either way, Turkey will need to maintain exports given its large steel capacity and falling domestic consumption. Turkish steel experts will discuss the changing dynamics of the Turkish steel sector and its trade prospects with the Middle East and further afield.Presentations
- Trader's Perspective
• Crude steel production rebounded in 2016 and Q1 2017 after three years of decline. What is driving this?
• Can Turkish EAF mills sustain their improved competitiveness as a result of higher iron ore and Chinese steel prices?
• Will Chinese billet imports return to Turkey and depress scrap prices once again?
Ahmet Soybas - Vice President, Soybas - Association's Perspective
• How are Turkish rebar mills reacting to being shut out of traditional markets such as the US, UAE and Egypt?
• Will Turkey finally increase its flat product capacity utilisation and direct output to export, for example to the Middle East to replace reduced longs supply?
• To what extent have Turkish mills preferred to export billet over rebar this year?
• Has Turkish local scrap supply increased to ease the impact on mills of fluctuating US scrap prices?
Suzan Bilen - Market Research Analyst, Turkish Steel Exporters Association
- Trader's Perspective
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12:15
Conference Review - Closing Remarks
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12:30
Lunch
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Anonymous
Very good overview of the weekly steel market.
Anonymous