Essar Steel plans to increase its exports

Essar Steel plans to increase its exports

Indian steelmaker Essar Steel has established an office in Dubai in order to explore opportunities in the booming Middle East market. The Middle East is a big region for Essar Steel's exports. The company exports 20% of its total exports to the Middle East which is nearly 200'000 tons valued at $60 million annually. Furthermore, Essar Steel is making a great effort to participate in the reconstruction of Iraq and ongoing construction boom in the United Arab Emirates and Saudi Arabia. Essar Steel exports nearly 40% of its steel products and plans to increase its exports during the next two years.