Emirates Steel expands its wire rod product range

UAE-based steelmaker Emirates Steel has announced that it is expanding its wire rod product range following the development of their local industrial users who use wire rod for the production of welded mesh, nails, hangers, screws and chain links.
 
At present, Emirates Steel is relying on its own R&D capabilities to produce special grades of high carbon wire rod that would be used in the production of lighter automotive components, like car springs and tire reinforcement cords, high-tensile ropes for bridges and wire ropes for the oil and gas industry that can withstand harsher environments.
 
Emirates Steel today has the capacity to produce 600,000 metric tons of wire rods per year. According to Emirates Steel figures, production of wire rod in the UAE is expected to remain at around 724,000 mt until 2015, while exports will remain at around 500,000 mt. For steel in general, a recent Business Monitor International (BMI) forecast report estimated the UAE's crude steel production in 2018 at 3.04 million mt, marking an annual average growth of 3.8 percent from 2013 estimates. BMI also forecast UAE consumption of steel will rise from 9.5 million mt in 2013 to 13.3 million mt in 2018.