Fastmarkets And Emirates Steel Establish Five-Year Partnership To Enhance UAE's Global Iron And Steel Role

Fastmarkets and Emirates Steel, a part of the EMSTEEL group, have entered into a five-year strategic partnership. This agreement designates Emirates Steel as the "Regional Host Sponsor" for the Middle East Iron & Steel Conference from 2024 to 2028. The collaboration aims to enhance the UAE's and Middle East's position as a global centre for the iron and steel industry.

The Middle East Iron & Steel Conference is a pivotal event in the steel sector. This year's conference, beginning on 18th November at Dubai's Madinat Conference Centre, will gather over 1,300 stakeholders, thought leaders, and innovators from more than 60 countries. The event covers the entire supply chain of the industry.

This partnership highlights Fastmarkets' and Emirates Steel's commitment to regional growth. It promotes the UAE and Middle East as influential players in the global iron and steel market. By combining Emirates Steel’s leadership with Fastmarkets’ expertise in market analysis, they aim to boost innovation and establish the region as a leader in green-steel advancements.

Raju Daswani, CEO of Fastmarkets, stated, "This partnership further strengthens Middle East Iron and Steel’s position as the number one event regionally and its increasing influence globally, reflecting the significant role the region itself has in leading the sustainable steel industry. We look forward to working together to achieve our shared goals and delivering ever more value to our stakeholders and all market participants."

Saeed Alghafri, CEO of Emirates Steel, expressed pride in their role in positioning the UAE as a global hub for iron and steel. He remarked on their impactful alliance with Fastmarkets aimed at driving transformation within the sector. This partnership creates a platform for stakeholders to exchange knowledge, discuss trends, and explore future solutions.

The strategic alliance between these organisations underscores their dedication to advancing regional growth. It also highlights their efforts in promoting innovation within the iron and steel industry on both regional and global fronts.

This collaboration not only elevates the conference's profile but also strengthens its role as a key event for industry innovation. By fostering such partnerships, both organisations aim to lead sustainable practices within this vital sector.

With inputs from WAM