Saudi Arabia Steel Industry Growing Tremendously

Finished steel consumption in Saudi Arabia is projected to grow at a CAGR of around 7% during 2015-2020, says RNCOS in its latest research report.


Noida, UP -- (SBWIRE) -- 06/02/2015 -- Saudi Arabia steel industry is growing immensely due to the growing steel consumption in various sectors such as construction & Infrastructure, manufacturing etc. The construction sector in the Kingdom is considered as the largest and the fastest growing market in the Gulf region. Further, The Saudi Arabia steel market will flourish due to the rapid setup and development of infrastructure projects, growing investment in the real estate, metros, railways, airports etc. In addition to that, steel industry has witnessed remarkable growth in terms of domestic production, as various players are expanding their production capacities to meet the soaring steel demand. Considering the above factors, the finished steel consumption is anticipated to grow at a CAGR of around 7% during 2015-2020.

Research Analysis & Highlights

The report "Saudi Arabia Steel Industry Outlook 2020", is an outcome of comprehensive research and rationale analysis of the Saudi Arabia steel industry. The report, spread over in 95 pages, covers in-depth analysis of steel production and consumption in Saudi Arabia covering both, crude & finished steel.

In our research, we have segmented finished steel into long products that are classified as rebar, structural sections; flat products classified as coils, strips & sheets and plates and tubular products. The report provide current scenario and forecast for each of the above segments till 2020.

Further, the report covers analysis of import and export of steel in the Kingdom. The section covers a detailed analysis of trade scenario by product covering ingots & semi finished steel, long products, flat products and tubular products. In addition to that, the section also highlights major iron and steel exporting & importing countries for Saudi Arabia.

We have also analyzed Saudi Arabia steel industry by its application in major industry 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. has also been covered in this report along with details of major Saudi Arabia steel industry players.

Some of the key findings of the report are:

- Increasing capital investment towards infrastructure projects
- Economic Growth along with Government spending in infrastructure drives the 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.