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VISIT OF <strong>SIMA</strong> DELEGATION TO MUSCAT, OMAN TO ATTEND<br />
“THE ARAB STEEL SUMMIT <strong>2007</strong>” ON 12 TH TO 14 TH MARCH 07<br />
REPORT BY:<br />
Mr. Prakash Tatia Mr. Amitabh S. Mudgal<br />
Vice President (Mktg.) Vice President (Mktg.&Corp. Affairs)<br />
Vikram Ispat Monnet Ispat & Energy Ltd.<br />
The Arab Steel Summit held from 12th - 14th March,07, organized by the Arab Iron and Steel Union (AISU) in<br />
collaboration with Ministry of Commerce & Industry and Sharq (East) Sohar Co. More than 350 delegates<br />
from around 45 nations from various sectors attended the Summit, which is a huge response from all over the<br />
world.<br />
During conference various topics related to Iron and Steel industry were covered like Steel Market Potential in<br />
Middle East, Indian Sponge Iron Industry future prospects, World steel industry forecast by IISI, various players<br />
in Middle East and their expansion plans, upcoming technologies in steel sector etc. We keep on reading a lot<br />
about steel growth in China and India, however it seems that the Gulf who is also buzzing with steel activity<br />
has not been given due attention. The entire Gulf is experiencing a big construction boom which is resulting<br />
into a heavy demand for Steel particularly the long products. As any developing economy under going a<br />
construction / infrastructural boom will ultimately also have more demand for flat, the same is also going to<br />
happen in Gulf.<br />
<strong>SIMA</strong> delegation consisting of 12 members representing<br />
both (Gas based & Coal based) Sponge Iron sectors<br />
visited Muscat – Sultanate of Oman to attend this<br />
important Arab Steel Summit.<br />
Looking at the future growth emerging in Middle East<br />
and Asian region for Steel industry visit of our delegation<br />
was very useful. It helped in understanding the latest<br />
technological development in steel industry, demand<br />
supply scenario of different continents, future scenario<br />
of various metallic. Apart from sharing information such<br />
events help to develop the platform for networking also.<br />
Looking at Indian Iron & Steel industry growth<br />
perspective, such kind of visits on regular basis in<br />
different parts of world is quite useful. Such visits give<br />
a support to the related industries like our Sponge Iron and its growth in future.<br />
Mr. Amitabh S Mudgal of MIEL on behalf of <strong>SIMA</strong> presented a paper titled “ Future Prospects of Indian Sponge<br />
Iron Industry”. The paper was a window for all delegates to have a glance at the booming Sponge Iron<br />
Industry of India. The paper was not only appreciated by all delegates but also highlighted the opportunities<br />
which India provides for setting up Sponge from Industry in India. Mr. Tatia of M/s. Vikram Ispat is one of the<br />
Question/Answer session invited BHP and other miners to set up pelletization plant in India.<br />
The Arab Steel Summit <strong>2007</strong> program started from 12th and concluded on 14th March. The Organizers have<br />
also presented memento to <strong>SIMA</strong> delegation. On behalf of <strong>SIMA</strong> our Executive Director, Mr. S.S. Bhatnagar<br />
received memento from Arab Iron & Steel Union. On behalf of <strong>SIMA</strong> Mr. Bhatnagar also invited AISU to visit<br />
India to attend Annual General Meeting of <strong>SIMA</strong>.<br />
All members of delegation are thankful to <strong>SIMA</strong> for arranging this purposeful and very fruitful visit to Arab<br />
Steel Summit in OMAN.<br />
MAY-<strong>2007</strong>/18
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