One of the main challenges facing the Middle East steel sector is a lack of protection in an industry where protectionism is increasing, according to Abu Bucker Husain, chief executive officer of United Arab Emirates-based galvanized coil producer Al Ghurair Iron and Steel.
North America, South America, Europe and Asia have taken protectionist measures to curtail imports, and this opens up the Middle East, especially Gulf Cooperation Council nations, as a dumping ground, Husain said at Fastmarkets' Middle East Iron and Steel Conference in Dubai on December 11."In the last ten years, the Middle East is the only region other than Asia whose percentage contribution...