Steel Production Orchestrating Impressive CAGR

Planned expansion projects are likely to boost the production capacities of steel manufacturers in the Kingdom, thus increasing steel production, acknowledged RNCOS.

NOIDA, India (prHWY.com) May 22, 2012 - Saudi Arabia is one of the most attractive destinations for global crude steel producers. Factors that prompted investors to capture the market include its geographical location being equidistant from Africa, Europe, and the Asian countries; cheaper availability of labor compared to Europe and America; and cheap and reliable energy and gas resources. A fast-growing market has encouraged major players in the steel sector to announce new projects and expand the existing ones. These planned expansion projects are likely to boost the production capacities of steel manufacturers in the Kingdom and the steel production will eventually orchestrate a CAGR of around 9% during 2012-2015, says our new research report, "Saudi Arabia Steel Industry Forecast to 2013".

The Gulf Cooperation Council has gained a substantial position as a prominent player in the global steel industry over the past few years. Backed by an ever-increasing demand from the construction industry, steel consumption throughout the region has increased and the GCC construction industry has sustained itself towards achieving a substantial position over the past few years. However, construction sector is the most significant sector for steel consumption in Saudi Arabia.

Further, the report discusses how the Kingdom showed its resilience to the downturn in the construction industry, which affected all the GCC countries. With multi-billion dollar projects underway in both public and private sectors, the country has gained a significant share in the total GCC construction spending. Also, its economy is being propelled onto a whole new level with the building of four integrated economic cities.

With the industry's immense growth potential, our study foresees huge opportunities for both existing and new market players. Considering the prominent steel industry, value chain determinants like production, consumption, pricing and key players, the report has presented a view at the sector's past, present, and future scenario. It also studied how the regulatory environment and initiatives adopted by the government are affecting the market. Through the section of steel pricing analysis, we have tried to update clients about the fluctuating pricing trend and factors responsible for it.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM255.htm

Some of our Related Reports are:

- UAE Steel Industry Analysis (http://www.rncos.com/Report/IM135.htm)
- Japan Steel Industry Analysis (http://www.rncos.com/Report/IM351.htm)
- US Steel Industry Outlook (http://www.rncos.com/Report/IM159.htm)
- Indian Steel Industry Outlook to 2012 (http://www.rncos.com/Report/IM182.htm)
- China Steel Industry Analysis (http://www.rncos.com/Report/IM309.htm)

Check Related REPORTS on: http://www.rncos.com/Metal.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: saudi arabia steel import

Categories: Industrial

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