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Steel tube demand in Gulf on track with Oman playing a leading role
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Friday, 07 Dec 2012
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Construction Week reported that steel tube demand in the Gulf is on track for 2008 levels after 3 year decline with Oman playing a leading role in this resurgence.

Demand for steel tube in the Gulf this year is set to return to the 2008 boom scenario after three years of slowdown. Oman is playing a major role in this heightened demand as it consumes an increasing portion of the GCC production of steel tubes. This production had crossed 80 mln tons in 2008.

Industry experts state that the high demand for steel tubes has strengthened the industrial position of the Sultanate as a production base for tubes, pipes and welding solutions and machinery, while the region is scaling up its utility projects, as well as railway networks and construction and infrastructure projects. It is estimated that the steel tube industry will see an annual double growth in Oman until 2015. This was revealed at a recent press conference held in Muscat.

Source - Construction Week

(www.steelguru.com)

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