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Saudi Arabia Steel Industry Outlook 2020
Saudi Arabia is highly dependent on its oil income but is vulnerable to the volatility of oil price. The Kingdom possesses 18% of the world's proven petroleum reserves and ranks as the largest exporter of petroleum. The government is diversifying the country’s economy along with its dependence on oil. So, the non-oil sector as a whole is set to keep benefiting from government spending, corporate lending and domestic consumption. In particular, Saudi Arabian government is increasing investment for the Kingdom’s socio-economic development. The national budget expenditure for 2015 has been increased with upcoming projects in all the industries like education, hospitals, transportation etc.
Our latest report “Saudi Arabia Steel Industry Outlook 2020”, provides an in-depth analysis of the steel industry in the Kingdom. The report analyzes the Saudi Arabian steel industry’s performance from 2013 to 2020 by highlighting its major growth drivers.
During the research, RNCOS’ analysts studied Saudi Arabia’ crude steel production along with finished steel production and consumption in the country. To provide a clear picture of the steel industry, our analysts segmented finished steel into long products classified as rebar and structural sections; and flat products classified as coils (strips & sheets), plates and tubular products. The report provides the current scenario and forecast for each of these product segments till 2020.
It further provides a comprehensive analysis of steel export and import to the country, which includes the steel trade scenario by product, covering ingots and semi-finished steel, long products, flat products and tubular products. In addition, the section provides a list of major countries involved in the export of iron and steel to Saudi Arabia.
The report also analyzes Saudi Arabia’s steel industry by its application in major industries like construction and infrastructure, manufacturing, and oil & gas. Besides, study of the steel scrap market, information about the current regulatory environment and steel pricing in the Kingdom comprising price of rebar, hot rolled coil, etc. have been discussed extensively in the report.
In particular, to provide a balanced outlook of the country’s steel industry to our clients, the current report includes profiles of the major industry players covering their business overview, recent developments and information about their key management personnel. In a nutshell, the research provides all the prerequisites for intending clients looking out to venture into this industry, and facilitates them to devise strategies, while going for an investment/partnership in the Saudi steel industry.