UAE's United Daily News reported that Mohamed Salim Al-Adha, Vice President of Emirates Steel, said Turkish companies accounted for 45% of the UAE's steel market and about 1.2 million rebar exported to the UAE each year Ton.
Mu said that in the UAE construction market, Emirates Steel products and imported products, especially Turkish steel highly competitive. UAE imports of steel products mainly from Turkey, Qatar, China's share of lower. However, the price of the company's products is lower than that of Qatar, close to that of Turkey, and of high quality. The company exports 5,000 to 10,000 tons to Qatar each month but does not export to Turkey. The reason is that Turkey imposes a 17% import duty on the company's products, while the UAE's import duty on steel products is only 5%.
Mu introduced, the company in 2015 annual production of more than 2.96 million tons, the first 11 months of steel production reached 1.7 million tons. The Company's steel sales in 2015 increased by 7% over the same period of last year. Sales, local sales accounted for 77%, 23% sold to the GCC and other countries.Titanium electroplate CNC milling product Bulk Production
At present, the company with an annual capacity of 3.5 million tons, of which 2 million tons of steel, profiles 1 million tons, wire 500,000 tons. In 2015, 36% of the company's production was exported to GCC countries and other countries.