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Saudi Arabia Steel Industry Outlook 2019
Saudi Arabia is one of the richest economies in the Middle East, with high per capita GDP and population growth, demanding more government focus on infrastructure expansion to retain the economic growth. Development of economic cities to provide civilized areas for both recreational and practical prospect further increases the demand of steel in the Saudi Arabia, making it one of the leading steel consumers in GCC region. Besides these major factors, the growth is also attributed to the rapid industrialization and upliftment and establishment of public transport systems, such as railways, metros and airports throughout the country.
Our latest report on “Saudi Arabia Steel Industry Outlook 2019”, is an outcome of extensive research and a thorough analysis of the steel industry in the Kingdom. The report analyzes the Saudi Arabian steel industry’s performance over a time span of nine years, and highlights the major growth drivers of the industry.
The report provides an in-depth analysis of steel production and consumption in Saudi Arabia covering both, crude and finished steel. In our research, finished steel has been further segmented into long products, flat products and tubular products. Furthermore, long products are classified as rebar, structural sections and others; while flat products classified as coils, strips and sheets and plates. The report provides the current scenario and forecasts for each of these segments till 2019.
To provide a clear picture of steel trade scenario in the Kingdom, the report includes a comprehensive analysis of steel export and import in the country. It includes steel trade scenario by product covering ingots and semi-finished steel, long products, flat products and tubular products. In addition to that, the section also provides a list of major countries involved in the imports and exports of iron and steel with Saudi Arabia.
The report also analyzes Saudi Arabia steel industry by its application in major industry sectors, like construction and 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. have been discussed extensively in the report.
To provide a balanced outlook of the country’s steel industry to our clients, the 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.