Talking on the top companies in the steel industry is always going on, but we forget or ignore that these companies would not have reached this position had there been no leaderships and human resources behind them, which could bring them up to the position of the top companies. And when we talk about the leaderships and human resources, we, first of all, mean the ideas which constitute one of the key factors of success.
Making of success in any work requires ideas which can translate ambition into reality. Over the past decades, the strategies of the steel industry included a fundamental objective: to increase production. Perhaps this industry could, at the level we are talking about, the level of the Arab steel industry, increase production even though less than what was achieved in a number of the countries in the world, but these strategies have most often overlooked or forgotten the role of the leaderships of the steel industry in the success making, which the production increase is one of its elements, and perhaps one of the features of the change which took place as a result of the entrance of the private sector into a number of the key industries, including the steel industry, is the appearance of a new element in the success strategy achieved by this sector, which is the recognition of the role of ideas, or in other words, the dynamism of individuals in accelerating arrival at the objectives and making success.
The success stories at both local and international levels set out from an ambition or from an idea, and perhaps sometimes from a wish to take a risk. The balance of most of these beginnings was ideas and not only capitals.
The steel industry has been one of the industrial fields the entrance into which requires a sort of risk, because it is a capital - intensive industry and because its yield needs several years to be realized. Nevertheless, this industry has found, especially during the last years, who has the courage of taking risk and enters into the domain of this industry.
With the different motives for entering into the domain of this industry by the public sector and the private sector, as the public sector used to consider this industry as a strategic industry and as a national symbol, prompting from what this sector achieves of profitability more in the social sense than in the economic sense, entrance of the private sector has encouraged the new view to this industry as a good opportunity to achieve profitability in the economic sense and as a guaranteed source to recover capital, and it has also encouraged this industry to have a role crossing its national borders into other regions beyond.
These new conceptions in the steel industry reflect a new culture concentrating on the role of ideas, humans and leaderships in the development of this industry. This side has motivated the Arab Iron and Steel Union in its latest meeting in Sharm Al-Sheikh during last April to take the initiative to honour a number of the leaderships of the steel industry which have through their ideas and human resources made a success which contributed to increasing production and enhancing the level of these companies from the local level into the world level, especially through their entrance into the world markets as exporters.
The Arab Iron and Steel Union has honoured, for the first time in the meetings of Sharm Al-Sheikh, a number of the top companies in the Arab steel industry. Production of two companies, EZ Steel in Egypt and SABIC Hadeed in Saudi Arabia has come close to five million tons per year each.
The other two companies are Al-Tuwairqi Group in Saudi Arabia and the Libyan Iron and Steel Company in Libya. Al-Tuwairqi ranked third with a production figure of 2.2 million tons/year of long products and the Libyan company ranked fourth with a production figure exceeding 1.2 million tons/year. These four companies include two affiliated to the private sector and the other two to the public sector. All these companies have achieved successes by virtue of their leaderships and the efforts of their workers within a strategy holding up the slogan : growth and expansion.
Nobody can deny that we are living under globalization and that the major companies are more capable to impose their control not only on their markets which are most often spread across the countries of the world, but also on our local markets. However, it is not of logic at all that we should abolish our role in such a state of affairs and suffice ourselves to be a shadow for what globalization imposes on us.
The strength of our companies and their integrality among one another will provide us with better choices in dealing with our markets and with imposing conditions which are more responsive to the needs and requirements of the domestic markets.
Prompting from this principle, this honouring has been a recognition of the truth which cannot be underestimated by what the steel producers are exposed to of campaigns holding up titles of monopolization and price increases which have become a fact imposed by the market forces and the increasing costs of raw materials.
In order to consolidate the role of the Arab companies in supporting creativity and innovation, the board of directors of the Union held in Sharm Al-Sheikh city has decided to allocate an annual encouraging cash prize for the best applied research to be achieved in one of the Arab mills in an attempt to assert that the future of this industry should not be connected with the available monetary abundance or with the ability to buy mills but, first of all, through the real participation in the creativity and innovation process the efficient tools of which are humans and which the work to develop new and diversified products draws its future image.
Should honouring imply recognition of the positive role of these companies in providing the needs of the domestic market and an encouragement to increase investment in this industry, it also is a call to have a joint work by the companies and is an assurance that the successful joint work requires availability of strong partners.
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