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Oman Aluminum and Semis Market Overview
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Oman is the fourth biggest aluminum primary producer in the Middle East. The key downstream capacities have been developed close to the aluminum smelter in Oman (similar to elsewhere in the Middle East), so that they can easily access to the primary materials in form of liquid hot metal. Using liquid hot metal can save re-melting costs, giving rise to higher competitiveness. Although other producers in the region benefits from neighboring to smelters as well as utilizing secondary resources to feed their capacities, but semis producers in Oman negligibly bring scraps into use, leading to lower competitiveness in comparison with other producers in the region.
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Supply and Demand of Aluminum Rolled Products across Different Regions
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- TRY: 50 ₺
Rolling mills need considerable amounts of investments. This has confined the distribution of rolling capacities across the globe, dominating trade of rolled products. Meanwhile, China has experienced the more rapid growth in supply market and the Middle East recorded the most quick growing demand market. Faster growth of demands in the Middle East in comparison with its supplies growth, let to deficit market balance, while the considerable capacities in the region are still inactive. The major exporter outside the region to the Middle East is China. It is expected that exports of China decrease in results of slower economy growth together with increasing domestic demands. Accordingly, higher utilization rate of rolling mills in the Middle East is expected.
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Overview of Aluminum Production and Consumption of the United Arab Emirates
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- TRY: 50 ₺
Aluminum industry in the United Arab Emirates is the biggest industry outside of non-oil sector. Development of upstream sector of aluminum industry in the UAE not only brought out innovation of a unique reduction technology but also a considerable expansion of downstream sector of aluminum industry. This has given rise to a same level of aluminum consumption per capita with China, the major consumer of aluminum in the globe.
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