The German wire and tube manufacturers are anticipating an increased volume of business from the Middle East due to the buoyant construction industry that consumed 307,000 tons of steel tubes in 2003.
A projected higher demand in 2004 and beyond has prompted Messe Düsseldorf, organizers of the specialist twin fairs dedicated to the manufacture of solid and hollow metal products, to intensify its efforts to attract exhibitors and trade visitors from the region. The two shows, Wire 2004 and Tube 2004, are scheduled to be held in Düsseldorf, Germany from March 29 to April 2, 2004.
According to data provided by the Germany-based Wirtschaftsvereinigung Stahlrohre, the market supply of steel tubes in the United Arab Emirates (UAE) increased from 228,000 tons in 2002 to 307,000 tons in 2003. With just over 32,000 tons of tube imports originating from Germany, manufacturers and suppliers are seeking to augment the share through the introduction of cutting-edge technologies to the market.
According to information supplied by the German Foreign office, at present import of products from the UAE to Germany is around € 0.2 billion, indicating a huge trade imbalance in favor of Germany that exists between the two countries in the trade and industrial sector. At 34.6 percent, textiles take up the largest share of goods imported from the UAE. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
