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MENA - Latest news GMK Center

Photo – DRI Expansion vs Pellet Gap: Production Surge & Feedstock Crunch
DRI Expansion vs Pellet Gap: Production Surge & Feedstock Crunch

DRI projects depend on partnerships with iron ore miners

Photo – Production costs for green steel in the EU make it uncompetitive – Fastmarkets
Production costs for green steel in the EU make it uncompetitive – Fastmarkets

MENA producers have a cost advantage in both the hydrogen-based and gas-based DRI production routes

Photo – MENA will need an additional 30-40 million tons of DR pellets in the near future
MENA will need an additional 30-40 million tons of DR pellets in the near future

With the launch of the announced projects, a shortage of this product is expected in the regional market

Photo – MENA region can become a leader in the race for green steel – IEEFA
MENA region can become a leader in the race for green steel – IEEFA

Hybrid processes for the production of DRI with the integration of hydrogen will give an advantage to local steelmakers

Photo – ANNOUNCEMENT: MENA Green Steel Summit 2024
ANNOUNCEMENT: MENA Green Steel Summit 2024

Industry event to discuss trends in the green steel market in the region

Photo – MENA region can become a leader in the production of DRI and green steel
MENA region can become a leader in the production of DRI and green steel

The Middle East and North Africa have good opportunities, but competition is intensifying

Photo – Demand for steel in the MENA region will grow by 0.6% y/y in 2023 – forecast
Demand for steel in the MENA region will grow by 0.6% y/y in 2023 – forecast

The impact of global factors will have a more serious impact on demand in North Africa

Photo – Impact of Russian-Ukrainian war on global iron & steel trade flows
Impact of Russian-Ukrainian war on global iron & steel trade flows

Disruptions in supply chain are not the main problem now. War worsens current economic situation globally

Photo – MENA rebar producers are losing $50-70 million per month due to changes in global trade flows
MENA rebar producers are losing $50-70 million per month due to changes in global trade flows

Exporters from India, Turkiye and the Russian Federation are more active in the MENA market

Photo – MENA region lost 1.7 million tons of iron ore due to the blocking of Ukrainian ports – Stanislav Zinchenko
MENA region lost 1.7 million tons of iron ore due to the blocking of Ukrainian ports – Stanislav Zinchenko

Only the unblocking of the Black Sea ports will allow to return iron ore from Ukraine to the market of the Middle East and North Africa

Photo – The MENA region is a potential new hub for green steel
The MENA region is a potential new hub for green steel

Since mid-2020, hydrogen projects worth more than $70 billion have been announced in the region

Photo – ANNOUNCEMENT: Fastmarkets Middle East Iron & Steel Conference 2022
ANNOUNCEMENT: Fastmarkets Middle East Iron & Steel Conference 2022

Overview of steel production in the Middle East, analysis of raw material markets, sustainable development and factors of steel consumption in the region