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B. S. Shetty, Al Ghurair Iron & Steel

B. S. Shetty, Al Ghurair Iron & Steel. Steel Markets in the Middle East. Disclaimer. Al Ghurair Iron & Steel L.L.C. (AGIS) has prepared this document to provide general information on The Middle East Economy with relevance to the Steel Industry.

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B. S. Shetty, Al Ghurair Iron & Steel

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  1. B. S. Shetty, Al Ghurair Iron & Steel Steel Markets in the Middle East

  2. Disclaimer Al Ghurair Iron & Steel L.L.C. (AGIS) has prepared this document to provide general information on The Middle East Economy with relevance to the Steel Industry. AGIS has based the information in this document on primary and secondary researches and analyses. The information obtained from third party sources are all referenced in the relevant slides. AGIS does not express or imply any warranty pertaining to the accuracy or completeness of the information contained in this document or of any estimates, forecasts, numbers and assumptions in the presentation. All conclusions are subject to limitations such as time constraints and accuracy and easy availability of third party information and reflects the views of the presenter and not AGIS. No party shall be entitled to rely upon this document or any part thereof and any use of this presentation requires written permission of AGIS. Under no circumstances shall any party be entitled to assert any right, claim or other entitlement against AGIS as a result, or on the basis of this document. AGIS accepts absolutely no liability of whatsoever nature to any third party, to whom the contents of this document or any part thereof is shared with. This document should be construed in light of the accompanying narrations presented at the pertaining conference.

  3. Contents 2 1 4 3 MENA Steel Industry Global Steel Industry Recap Al Ghurair Iron & Steel

  4. 1) Global Steel Industry

  5. Global Steel Production 2009 – 2012 CAGR – 7.3% Source: World Steel, AGIS Internal Analysis

  6. Production Growth (2012/11) Asia with the highest growth, driven primarily by China Middle East, with the next highest growth Source: World Steel, AGIS Internal Analysis

  7. World Population & Steel Demand 2.5% C A G R 1.6% Correlation of 83.9% Source: UN, WSA, AGIS Internal Analysis

  8. Population Forecast The biggest population growth in Africa & MENA Hence the biggest steel growth can also be from these regions Source: UN

  9. Oil Price & Steel Demand Correlation of 92.6 % Source: Inflation Data, EIA, AGIS Internal Analysis

  10. Oil Price Forecast (per barrel) Source: Energy International Association

  11. World Oil Reserves (Billion Barrels) Source: Energy International Association

  12. Global GDP & Steel Demand Correlation of 93.9% Source: International Monetary Fund, World Economic Outlook

  13. Global GDP Forecast Biggest Growth expected from MENA, followed by Africa Source: IMF, World Bank, The Conference Board

  14. 2) MENA Steel Industry

  15. MENA Crude Steel Production May, 2008=100 Source: WSA, SteelConsult

  16. MENA Steel Forecast Source: MBR, A Market Review Strategic Outlook for MENA Steel Industry to 2020

  17. Construction Projects in MENA Source: BMI

  18. Government Expenditure in GCC Source: IMF, AGIS Research

  19. Historical Flat Demand in MENA Source: Metal Bulletin, Middle East & North Africa Steel Markets to 2020

  20. Historical Flat Supply in MENA Source: Metal Bulletin, Middle East & North Africa Steel Markets to 2020

  21. 1) Political Stability (Syria, Egypt etc.) • 2) Trade Sanctions (Libya, Iran) • 3) Dumping from other countries Recap (MENA Steel Demand Drivers) MENA Steel Industry • 1) Fastest growth in steel production • 2) Increase in MENA population • 3) Concentration of Oil & price increase • 3) Highest GDP growth • 4) Planned infrastructure spending • 5) Excess demand over supply

  22. Al Ghurair Iron & Steel

  23. Introduction • First Cold Rolling & Galvanizing Complex in UAE • Commissioned in 2008 • Completing 4 years operation at full capacity • Strategic Alliance with Nippon Steel Corporation • Second largest steel maker in terms of capacity • No. 1 in terms of quality

  24. Phase 2 Pickling Line 500,000 TPY CRM 400,000 TPY CGL 400,000 TPY Production Lines • 200k tpa Hot Dipped Galvanized • 350k tpa Pickling Line • 250k tpa Cold Rolled Mill Finished Goods

  25. Our Competitive Advantages Quick Delivery Supreme Quality Technical Support at Arm’s Length AGIS Preferred Brand Customized Solutions Efficient Inventory Usage

  26. B. S. Shetty Al Ghurair Iron & Steel LLC +9712 659-3400 +9712 550-0939 bs.shetty@agis.ae

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