Prospects of iron and steel industry in the Arabian Gulf region

17. January. 2010
TRArabia

Iron and steel industry worldwide decline following the global financial crisis.

And while the Arabian Gulf affected with this financial crisis, the industry still admissible on their products because of the huge volume of infrastructure projects in the area. Despite some new projects economic slowdown, the majority of the projects of spending trillion dollars is still under construction and is committed to the completion dates, what makes the Arabian Gulf area appropriate to this industry.

Iron and steel industry remains one of the pillars for any economy in the region, and the current period is a real test of this vital industry to see how their ability to adapt to changing economic circumstances.