Join the Kallanish Middle East Steel Markets 2017 conference this 4-5th October 2017 in Dubai. In 2016 the Middle East retook the title of world’s fastest-growing region for crude steel production, as its four largest-producing nations recorded a combined 7.6% year-on-year output increase to 29.03 million tonnes, according to worldsteel data.
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This event offers an unparalleled opportunity to network with top executives from the regional steel market as well as the global steel supply chain.
Trading companies, Steel producers, Steel service centers, Banks and financial institutions, Mining companies, Industry consultants, Recylcers, Frieght & Logistics, Brokers, Fund Managment, Engineering Companies, Industry Associations, Government
- Rayed Abdullah Al Ajaji, CEO, Universal Metal Coating Company Limited
- Sanjeev Gupta, Executive Chairman, Liberty House Group
- Thanos Tsetsonis, Director, Regional Sector Research, Emirates NBD
- Mohammed Al Jabr, Vice Chairman, Council of Saudi Chambers - Steel Committee
- Venkat AN, CEO, Al Jazeera Steel
- Kaushalendra Prasad, Chairman, KP Global Consulting
- Abu Bucker Husain, CEO of Al Ghurair Iron & Steel
- John Short, CEO, Aleph / Steel Derivatives
- Engr. Salam Al Sharif, President, Bureau Middle East Recycling Steel
- Bahador Ahramian, MD, Yazd Rolling Mill / Member of Board ISPA (Iranian Steel Producers Association)
- Prof. Keyvan Tehrani, CEO of Iron Ore & Steel, Jame Tejarat Co Steel
- Rudi Leleu, Director International Trade, Dentons Steel
- Ahmet Soybas, Vice President, Sami Soybas Steel Industry & Trade Inc. Steel
- Suzan Bilen, Market Research Analyst, Turkish Steel Exporters' Association
Wednesday 4th October, Day 1
11:00 Chairman's Welcome
Adam Smith, Editor Middle East, Kallanish Steel
11:05 Session 1: Keynote session – Debating the big picture
The Middle East steel industry continues to endure a period of quite remarkable change. The GCC once heavily dependant on imports, now far more self sufficient, is undertaking its first trade investigations. Prolonged low oil prices have largely put the brakes on the high rates of steel demand growth -- once the hallmark of the Middle East steel sector. Post-economic sanctions Iran is emerging as a major steel semis exporter. Turkey’s once dominant rebar and billet trade with MENA is much diminished, but its flat steel exports have soared. International steel and economic experts will debate and share their views on the big picture across the region.
Middle East and North Africa steel market outlook
- How has the region’s steel market performed in 2017?
- What are main opportunities and threats foreseen for 2018?
- Has the region learnt from over-investing into new capacity?
- Will MENA steel demand continue to rely on oil or is diversification being stepped up?
Rayed Abdullah Al Ajaji – CEO, Universal Metal Coating Company Ltd (UNICOIL)
Middle East and North Africa economic outlook
- How have GCC economies adapted to lower oil prices?
- What progress is being made in diversification away from oil?
- How will the diplomatic row with Qatar impact regional trade?
- How will UAE maintain economic growth momentum post-Expo 2020?
Thanos Tsetsonis - Director, Regional Sector Research, Emirates NBD
Panel Discussion - What direction is the Middle East market heading in?
- What are the main challenges facing Middle Eastern steel industry?
- Is UAE likely to remain regional demand driver once Expo impetus subsides?
- Will the introduction of tax have an impact on regional steel trade?
- How long until Saudi steel demand recovers?
- Will the region invest into more flat steel production capacity?
Rayed Abdullah Al Ajaji – CEO, Universal Metal Coating Company Ltd
Thanos Tsetsonis - Director, Regional Sector Research, Emirates NBD
Platinum Sponsor: UNICOIL Laboratories – Pre-Lunch presentation
14:00 Session 2: GCC steel markets adapt to the oil downturn
GCC steel markets continue to adapt to lower oil prices and substantial new steel capacity coming online. Meanwhile, the sector has benefitted from a rebound in Chinese domestic demand and higher scrap prices, effectively pricing out Turkish longs. To what extent are regional mill margins under pressure? How does the regional flat steel sector compare? What are the opportunities for expansion in flat steel consumption? After so many years of trade defence talk, what are the prospects for regional trade following the launch of the first steel investigation? Hear from our panel of experts and join the debate.
GCC rebar: the struggle for sustainable conversion margin
- To what extent are regional mill margins under pressure?
- How can firms use risk management to mitigate margin compression?
John Short – CEO, Aleph / Steel Derivatives
Prospects for increased flat steel consumption in the Middle East
- How is regional flat steel consumption faring?
- Where are the opportunities for greater flat steel use?
- How have flat steel import patterns shifted since China’s retreat from the export market?
- How has AGIS’ new galvanizing line performed since commissioning?
Abu Bucker Husain AS – CEO, Al Ghurair
The outlook for the GCC coated coil market
- How is the regional pre-painted coil market faring?
- What are the regional opportunities for greater use of accredited and environmentally-friendly coated coil?
- How will the industry benefit from the coated sheet safeguard duty?
Sanjay Roychowdhury – UNICOIL
Is GCC finally using trade defence measures?
- Prospects for regional trade defence following launch of first steel investigations
- Will new UAE trade law lead to probes separate from GCC?
- Why the push for trade defence now after so many years of talk?
Rudi Leleu – Commercial Director, Dentons
15:30 Networking Coffee Break
16:00 Session 3: Evolving raw materials
The outlook for the DRI industry has worsened due to a global shortage of DR pellets and availability of cheap natural gas, following the withdrawal of government subsidies. Does an opportunity now exist for regional steel makers to mitigate the DRI issue with increased steel scrap sourced from within the region? According to World Steel data, Middle Eastern scrap exports reached 1.5 million tonnes in 2016 with around two thirds coming from UAE. What is the future for intra-regional scrap trade?
UAE as a scrap supplier
- Will UAE scrap suppliers ship more material within the region?
- What are the future prospects for scrap exports to the Indian subcontinent?
- How have increased Chinese scrap exports affected competition?
Salam Al Sharif – President, Bureau Middle East Recycling
17:00 Cocktail Reception
Thursday 5th October, Day 2
09:20 Chairman's Review
09:30 Keynote presentation
High rates of steel consumption growth in the Middle East have long attracted investment and trade from both within and without the region. How attractive is the Middle East for steel trade and investment given the current market circumstances? To what extent have factors such as new capacity coming online, higher scrap prices, continued low oil prices and political instability within the region, influenced investment decisions and the availability of finance? Join this session to hear first-hand from global trade and investment specialists about existing challenges and opportunities, and how to take advantage in this ever-changing market.
Trade, Investment, and Challenges & Opportunities
- Is the Middle East still an attractive location for steel investment – Steel perspective
- How has the trading landscape changed in Middle East over recent years?
- What challenges and opportunities can we expect to face in coming years?
- What is the outlook for steel demand across the Middle East?
Sanjeev Gupta – Executive Chairman, Liberty House Group
Middle East Finance Options
- Is the Middle East still an attractive location for steel investment – Finance perspective
- What are the financing options available to steel investors
- Alternative financing models for steel-consuming infrastructure projects
10:15 Session 5 – Iran offsets sluggish demand with increased exports
With the lifting of economic sanctions, Iran, the undisputed heavy weight in the Middle East, has emerged as a semis export powerhouse. Prior to 2011 Iran relied on imports of semis from CIS and Turkey. Today, through investments in new capacity, its steel production has outstripped its own steel consumption. With its vast reserves of iron ore and natural gas, many tip Iran to become a major exporter of steel and DRI. Is Iran’s 50-million tonnes/year crude steel target of 2025 achievable? Has Iran re-emerged as an iron ore supplier to China? Hear from our panel of Iranian steel and raw material experts about these and many other questions.
The prospects for Iran’s steel industry
- Will Iranian semi-finished product exports continue to grow?
- When will Iran’s local construction sector recover?
- Is the 50 million tonnes/year crude steel capacity target by 2025 achievable?
- How is Iran’s oil & gas sector modernisation progressing?
- To what extent have steel imports risen post-sanctions?
- To what extent has access to finance improved?
Bahador Ahramian – MD, Yazd Rolling Mill / Member of Board ISPA
The outlook for Iranian raw materials availability
- Will Iran emerge as a pellet exporter in the short-term?
- Has Iran re-emerged as an iron ore supplier to China post-sanctions?
- Have Iranian steelmakers increased the scrap content in their feedstock mix?
Keyvan Tehrani – CEO of Iron Ore & Steel, Jame Tejarat Co
11:00 Coffee Break
11:30 Session 6 - Turkey’s future role in the Middle East
As higher scrap prices have effectively priced out traditional Turkish rebar and billet exports to the Middle East, what does the future trading relationship look like? Meanwhile, Turkish flat steel exports soared in the first half of 2017 far outpacing longs exports growth for the same period. Will Turkey focus more on flat products to the region, or forego trade with the Middle East and focus on other regions? Either way, Turkey will need to maintain exports given its large steel capacity and falling domestic consumption. Turkish steel experts will discuss the changing dynamics of the Turkish steel sector and its trade prospects with the Middle East and further afield.
- Crude steel production rebounded in 2016 and Q1 2017 after three years of decline. What is driving this?
- Can Turkish EAF mills sustain their improved competitiveness as a result of higher iron ore and Chinese steel prices?
- Will Chinese billet imports return to Turkey and depress scrap prices once again?
Ahmet Soybas - Vice President, Soybas
• How are Turkish rebar mills reacting to being shut out of traditional markets such as the US, UAE and Egypt?
• Will Turkey finally increase its flat product capacity utilisation and direct output to export, for example to the Middle East to replace reduced longs supply?
• To what extent have Turkish mills preferred to export billet over rebar this year?
• Has Turkish local scrap supply increased to ease the impact on mills of fluctuating US scrap prices?
Suzan Bilen - Market Research Analyst, Turkish Steel Exporters Association
12:15 Conference Review - Closing Remarks
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