Steely confidence important

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Assurances: most producers on the DGCX rebar futures market are approved by the UK Certification Authority for Reinforcing Steels.

Steel certification in the UAE construction industry is becoming increasingly important, with most producers on the Dubai Multi Commodities Centre (DGCX) rebar futures market being approved by the UK Certification Authority for Reinforcing Steels (UK Cares).

Certification of steel creates more traceability and manages volatility in the tumultuous steel market.

"The DGCX has a lot of time for what UK Cares seeks to achieve with rebar integrity," said John Short, executive director, steel and base metals, DGCX.

"We can approve a non-UK Cares mill, and have one - Sabic Steel - on our list. However the chance of a non-UK Cares approved mill coming on board is extremely slim."

The DGCX recently announced a list of Turkish steel producers for its rebar futures contract.

Izmir Demir Celik Sanayi, Ekinciler Iron and Steelworks and Diler Iron and Steel Company have all been approved.

This will mean a considerable expansion of the rebar products traded on the futures market.

"The new approvals are a key step forward in the process of launching. It ensures that the steel delivered conforms to standard quality parameters," added Short.

Qatar Steel's Dubai branch has also been certified by UK Cares for its compliance with the BS EN ISO 9001 2000 and relevant quality requirements for rebar in coils.

Ben Bowsher, executive director, UK Cares, said that UK Cares certification would help to enable greater confidence in trading.

"Confidence in steel supply [in the UAE] is required. Local manufacturers like Qatar Steel should be congratulated for expecting the considerable cost and technical effort in achieving UK Cares certification," said Bowsher.

Frando Sarmiento, manager - product development, DGCX said: "It is a move forward for Qatar Steel Dubai for its products to be approved, as contractors and consultants commonly base the rebar they use on the approved list from UK Cares."

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