Steel giant moves to Dubai's AG Tower

Dubai Multi Commodities Centre Authority (DMCCA) announced that Macsteel International, a subsidiary of global steel trading, distribution and shipping giant Macsteel Holdings Group, will begin operations at the AG Tower, as a DMCC-registered company. Macsteel International will use the DMCCA's Jumeirah Lakes Towers (JLT) free zone in Dubai as its Middle East base to further develop and establish new regional business opportunities. Macsteel International is a 50/50 joint venture between Macsteel Holdings and ArcelorMittal South Africa. Macsteel International has a strong worldwide infrastructure with offices in major centres in Europe, North America, South America, Asia, Middle East and Africa for marketing and distribution of its products. With a turnover of over US$10 billion and more than 140 offices and sites globally, Macsteel Holdings Group is amongst the largest steel trading distribution and shipping, through its affiliate MUR Shipping, companies worldwide.nike