Emirates Steel appoints first UAE national as ceo

Emirates Steel Industries has appointed Saeed Ghumran Al Remeithi as ceo, the first Emirati citizen to take the top job

“I am honored to be entrusted with this key position and to be given the opportunity to lead such a highly qualified team,” Al-Remeithi said. “Emirates Steel has already made its mark on the regional steel sector in just a few short years.”

An electrical engineering graduate from a US university, Al Remeithi also serves as senior vp of operations. He worked for parent company General Holding Corp before he moved to Emirates Steel as production engineer where he became VP primary production.

“We are fortunate to have someone of Al Remeithi’s calibre and experience step up to lead Emirates Steel,” chairman Suhail Mubarak Athaeeth Al-Ameri said. “We need renewed leadership to successfully implement our strategy and take advantage of the market opportunities ahead.”

The United Arab Emirates, a 40-year old alliance of seven emirate states, has in the past few years expanded its ‘Emiratisation’ programme to promote the job prospects of citizens in a country dominated by expatriate workers. Saudi Arabia, Bahrain, and Oman have similar initiatives.

Emirates Steel is the dominant maker of rebar, heavy sections, wire rod and billet in the country. The company aims to increase its proportion of UAE nationals from 25% to 50% by 2015.

What to read next
Fastmarkets launches MB-STE-0951 Steel hot-rolled coil index, fob mill Canada on Thursday February 5.
The price subject to this annual review is Fastmarkets’ MB-STE-0141 steel billet import, cfr Manila, $/tonne.​This consultation, which is open until Friday March 6, seeks to ensure that our methodologies continue to reflect the physical CFR Manila steel billet market, in compliance with the International Organization of Securities Commission (IOSCO) principles for price reporting agencies (PRAs). This […]
The publication of Fastmarkets’ MB-STE-0909 Saudi Arabia rebar price assessment for Monday February 2 was delayed because of an error. Fastmarkets’ pricing database has been updated. The publication of the affected price was delayed for 1 hour and 45 minutes. The following assessment was published late: MB-STE-0909 Steel reinforcing bar (rebar), domestic, delivered Saudi Arabia This […]
Learn about the challenges of steel overcapacity in the US as tariffs shift and affect producers and consumers alike.
Explore the insights from Lewis Leibowitz on Section 232 tariffs and their potential legal implications for trade negotiations.
Explore the latest on tariffs and the Supreme Court ruling affecting the steel industry and trade practices in the US.