Saudi Arabia Steel Industry Is Set for Robust Growth

Crude steel production in Saudi Arabia is projected to grow at a CAGR of 5.6% during 2015-2019, says RNCOS in its latest research report.


Noida, UP -- (SBWIRE) -- 10/22/2014 -- 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 production, as various players are expanding their production capacities to meet the soaring steel demand. Moreover, in future, the crude steel production is anticipated to grow at a CAGR of around 5.6% during 2015-2019.

Research Analysis & Highlights

The report “Saudi Arabia Steel Industry Outlook 2019”, is an outcome of comprehensive research and rationale analysis of the Saudi Arabia steel industry. The report, spread over in 100 pages, covers in-depth analysis of steel production and consumption in Saudi Arabia covering both, crude & finished steel.

In our research, finished steel has further been segmented into long, flat & tubular products. Furthermore, long products are classified as rebar, structural sections & others while flat products classified as coils, strips & sheets and plates. The report provide current scenario and forecast for each of the above segments till 2019.

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.

Also, 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.

Some of the key findings of the report are:

- Development of economic cities in the Kingdom is driving the demand for steel products
- Construction & Infrastructure Sectors dominating steel consumption in Saudi Arabia

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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.