Steel is a major driver of growth for a country's economy. According to a study done by the Economics and Strategy Division of the Gulf Investment Corp. (GIC), steel demand in the Middle East is expected to increase from 70 million tonnes in 2007 to around 90 million tonnes in 2010.
Steel is a critical raw material for all infrastructure, development and construction around the world. Steel is a popular option for building due to its strength and ability to adapt.
Owing to astronomical investments in infrastructure projects and industrial development across the Gulf states, demand for iron and steel products in the region has, of late, been experiencing a significant increase.
