Crude steel consumption in Saudi Arabia is projected to grow at a CAGR of 7.2% during 2015-2019, says RNCOS in its latest research report.
Noida, UP -- (SBWIRE) -- 12/18/2014 -- Saudi Arabia steel industry is expected to experience a healthy growth driven mainly by the high government spending and economic growth in the Kingdom. The Saudi Arabia government has the major control over all economic activities and recently focuses more on the power generation, telecommunication, oil & gas exploration and petrochemical sector will create a huge steel demand. Further, diversifications of Saudi Arabia economy by encouraging the growth of private sector will create a huge demand of steel in the Kingdom in coming years.
According to our latest report "Saudi Arabia Steel Industry Outlook 2019", increasing population in the Kingdom thrive the demand for housing, residential, hospitality, communication as well as transportation services. To meet the demand, Saudi government has recently increased its budgetary amount towards the expenditure for the development of such infrastructure projects. Besides, growth of the non-oil based economy in Saudi Arabia will remain robust in the coming years which will further drive the steel demand in the Kingdom. It is anticipated that, crude steel consumption in Saudi Arabia will grow at a CAGR of 7.2% during 2015-2019.
The report provides a comprehensive analysis and unbiased view of the Saudi Arabia steel industry in terms of production consumption covering both, crude and finished steel. Further, the report provides comprehensive analysis of long, flat and tubular steel products. The report also provides the breakup of Long products into rebar, structural sections & others while flat products classified as coils, strips & sheets and plates. In addition to that, a detail analysis of trade scenario by products covering ingots & semi finished steel, long products, flat products and tubular products are also included in this report.
This report also analyzes Saudi Arabia steel industry by its application in major sectors viz. construction & infrastructure, manufacturing and oil & gas industry. Additionally, study of steel scrap market, information about the current regulatory environment and steel pricing in the Kingdom comprising price of rebar, billets, hot rolled coil etc. are also covered in this report. A details analysis of major Saudi Arabia steel industry players along with their business overview, management profile and some recent developments are also included in the report. Overall, the report will facilitate clients in analyzing the driving forces and understand the existing opportunities in the Saudi Arabia steel industry.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.