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Meshary Al-Judaimi: The supply of high-quality raw materials in the Gulf region remains balanced

Speaking at the panel titled “How is the Middle East Positioning Itself for Growth Amid Global Turbulence?” held during the Third Saudi International Iron & Steel Conference in Riyadh, Saudi Arabia, Foulath Holding Chairman Meshary Al-Judaimi stated that the supply and demand for high-grade raw materials in the Gulf and Middle East region are currently in a balanced state.

Meshary Al-Judaimi: The supply of high-quality raw materials in the Gulf region remains balanced

Al-Judaimi stated that each pelletizing plantthat is, a raw material converter or processing facilityfollows specific strategies to ensure the supply of high-quality raw materials needed by producers in the region. 

He explained that at Bahrain Steel, the pelletizing arm of Foulath Holding, these strategies primarily involve sourcing raw materials from various mines and suppliers and applying a blending method, which both reduces supply risks and optimizes the properties of the final product. 

Al-Judaimi added, “By creating diversity in our supply chain, we are building a sustainable production structure. Currently, there is an overall balance between the supply and demand of high-quality raw materials.” 

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