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The World Steel Association (WSA), a non-profit organization with headquarters based in Brussels, Belgium, with more than 170 members represented throughout the world and accounting to 85 percent of Steel procurers, has announced the new selection of Saeed Ghumran Al Remeithi, CEO of Emirates Steel based in the UAE, as Chairman of the of the Economic Committee, running for two years from 2018 to 2020.
Al Remeithi’s selection has arrived at a stupendous moment, as he is the first Arab individual to be Chairman of the Economic Committee for the World Steel Association. Additionally, Al Remeithi has been a member of the Board of Directors of WSA since 2013, as well as being a member of the Arab Iron & Steel Union (AISU) as of 2011, and Chairman of the Executive Committee of the AISU as of 2014. He will be succeeding Thachat Narendran, who is the Managing Director and CEO of Tata Steel.
On this occasion, Remeithi said: "It is a great honor to be selected by my peers of Directors on the World Steel Association to take over the position of Chairman of the Economic Committee for two years, as I consider my election to take this high position as a clear demonstration of the success achieved by Emirates Steel over the past 20 years; who through hard work and dedication by our employees, have built an astounding reputation on a global scale through strategic focus on the quality of our products which have been marketed in more than 40 countries globally.
He also added, "With my new found position, I seek to play a pivotal role in addressing the key issues and challenges the steel market faces on daily basis on one hand, and will synchronize the mutual interests shared by world steel producers at achieving positive results for all parties".
The WSA Economic Committee main priorities are to provide reliable information on steel market trends and the prospect of global demand in the short and medium terms, as well as discussing the strategic issues and major challenges affecting the future of the steel industry. More importantly, they also monitor the adherence of its members on the principles of antimonopoly and encourage the exchange of information and cooperation between different parties to achieve common benefits.
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