The history of the modern steel industry began in the late 1850s, but since then steel has been basic to the world's industrial economy. The bulk production of steel began in 1857. Previously steel was very expensive to produce and only used in small expensive items such as knives, swords and armour.
The UAE is one of the most promising steel markets in the GCC region with its production reaching to 1.7 Million Tons in the year 2006. Construction boom, cheap and reliable gas and energy supply, besides its geographical positioning are the major driving forces for the steel industry in the UAE. The industry grew over 200% by 2012 since 2006.
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