Increasing Investment in Infrastructure Will Boost Steel Demand in Saudi Arabia

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


Noida, UP -- (SBWIRE) -- 06/09/2015 -- Steel demand in the Saudi Arabia is witnessing a positive outlook because of economic growth accompanied by infrastructure development. The Saudi government is diversifying the economy along with its dependence on oil. By overall increase in socio-economic expenditure by government, there will be a huge growth in infrastructure. Government is initiating and has committed for development of projects in varied sectors like railways, metros, education, airports will add value to the growth. According to a new report by RNCOS "Saudi Arabia Steel Industry Outlook 2020", the demand for steel has risen in the Kingdom propelling an equivalent increase in the production and consumption of steel.

Our report, provide an in-depth research of the present status and future growth prospects of the Saudi Arabia steel industry. The report covers detailed analysis of steel production and consumption in Saudi Arabia covering both, crude & finished steel.

In our report, we have provided the details of crude steel production along with finished steel production and consumption in Saudi Arabia. To provide the clear picture of steel industry, as we have segmented finished steel into long products that are classified as rebar, structural sections; flat products classified as coils, strips and sheets and plates and the tubular products. The report provides the current scenario and forecast for each of these segments till 2020.

Also, it 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, Hot rolled coil etc. has also been covered in this report.

Further, this report covers a details analysis of major Saudi Arabia steel industry players with business overview, management profile and in some cases recent developments of major players.

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