Creation of the Business Group Steel Manufacturers – News

The newly formed group of companies aims to improve the competitiveness of local steel companies and support the growth and development of the sector



The new business group recently held its first meeting at the chamber headquarters, which was attended by Bharat Bhatia, chairman of the Steel Manufacturers Business Group, and Hassan Al Hashemi, vice president of international relations at the Dubai Chamber of Commerce. . — Photo provided

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Published: Thu 26 May 2022, 06:38 PM

The Dubai Chamber of Commerce has announced the establishment of the Steel Manufacturers Business Group, which aims to unify the voices of steel companies, address common challenges and boost the competitiveness of the sector.

The new business group recently held its first meeting at the chamber headquarters, which was attended by Bharat Bhatia, chairman of the Steel Manufacturers Business Group, and Hassan Al Hashemi, vice president of international relations at the Dubai Chamber of Commerce. . The meeting defined new plans and priorities to support the growth of companies operating in the iron and steel industry.

Al Hashemi stressed the importance of the group providing the right platform for industry players to air their concerns, share their knowledge and recommend policy changes to improve the business environment. The creation of the group is an excellent example of the close and transparent collaboration between the public and private sectors in Dubai, which remains one of the main competitive advantages of the emirate, he explained.

“As CEO and Founder of Conares, the second largest private steelmaker in the Gulf, I am extremely proud and pleased to lead the group of fabricators. SMG’s goal is to help maintain the efficiency of the steel market in Dubai and the Northern Emirates, to meet national and regional demands, balancing the supply and demand equation,” Bhatia said.

“Our main goal would be to invite the trading community group to have a hand-in-hand relationship and support the local market by adjusting the merchants’ desire. Our goal is to develop a positive relationship between the manufacturers and the merchants by favor of the economy for the economy,” he said.

He added that the group will share information on the steel industry touching on several topics such as rebar imports, market trends, cost of products, promotion of local products, as this will help members raise the main market problems with the authorities and to maintain the efficiency of the steel market. the United Arab Emirates and meet domestic and regional demand, balancing the supply and demand equation.

Business groups and councils play a crucial role in promoting and supporting Dubai’s economy, as they work together to ensure a conducive business environment and support the interests of their respective members. The Dubai Chamber of Commerce works closely with various business groups and councils in Dubai that operate under its umbrella, to address common challenges, share their recommendations to improve the ease of doing business and provide them with access to opportunities of global growth.

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