Last Update: 06/04/2010 13:59:21 ArabSteel - Arab countries imported a little more than 35mt of steel products in 2009, including semis, pipes and tubes. Long products constituted the main part of these imports with 15.9mt as compared to 18.2mt in 2008, i.e. a decline by 12.6%, followed by flat products at 7mt in 2009 compared to 8.7mt in 2008 thus declining by 19.5%. Meanwhile, semis share in imports, mostly billets, was 22% of the overall steel imports in addition to 12% for pipes and tubes. These figures are according to information «Arab Steel» got from the London-based Iron & Steel Statistics Bureau (ISSB). UAE came first in terms of imports volume, despite a decline by 57% compared to 2008 figures when imports volume reached 13mt, hence declining to 5.8mt of imported steel in 2009 which makes 16.6% of the overall Arab steel imports. Egypt came second with an 84% increase in imports for 2009 amounting to 5.5mt, i.e. 15.7% of the overall Arab steel imports. Meanwhile, Algeria ramped up its imports volume in 2009 by 19% y-o-y to reach 5.4mt, followed by Saudi Arabia which imported 3.2mt of steel as compared to 6.1mt in 2008 and a decline by 47%. Imports of the four abovementioned countries, UAE, Egypt, Saudi Arabia and Algeria, amount to 19.9mt in volume and constitute 56% of the overall Arab steel imports in 2008. On the other hand, Turkey was the top exporter to the region, followed by Ukraine, Russia and China. It is notable that Russia is the only country that increased its exports volume to the region in 2009 marking 6.2mt. In this context, imports from Turkey, Ukraine and China in particular reported a decline, with 65% decline in imports volume from China to only 2.6mt versus 7.4mt in 2008.
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