Soaring Steel Industry in Saudi Arabia

Saudi Arabia's apparent steel consumption is projected to grow at a CAGR of 19.5% during 2012-2015, says RNCOS in its latest research report.

Noida, India (prHWY.com) September 24, 2012 - Saudi Arabia has become one of the largest steel consumers in the GCC region due to rising steel demand for infrastructure and construction projects. The construction sector in the country is considered as the largest and the fastest growing market in the Gulf region with huge growth potential. Due to rising steel demand, the country has become one of the favorite destinations for the major steel producers across the world. Moreover, in future, the apparent steel consumption is anticipated to grow at a CAGR of around 19.5% during 2012-2015.

Research Analysis & Highlights

The report "KSA Steel Industry Forecast 2015", by RNCOS spread over 70 pages covers the prominent steel industry value chain determinants like production, consumption, pricing, and key players. The report has presented a look at the sector's past, present, and future scenario besides coverage on the long products, flat products, and tubular products' production and consumption detail. We have also found that steel industry in Saudi Arabia is highly import oriented as more than half of the steel consumption in the country is met through imports. Our report covers the detail analysis of steel imports in the country including finished steel, semi-finished steel, ingots, long products, flat products and tubular products import.

We have also studied how the regulatory environment and initiatives taken by the government are affecting the market. Through the section of steel pricing analysis, we have tried to provide the reasons behind fluctuating pricing trend in the country.

Some of the report's key highlights include:

- Growing construction activities driving steel industry in Saudi Arabia.
- Rebar consumption dominates the total steel consumption in Saudi Arabia.
- Saudi Arabia steel consumption witnessing double digit growth.
- Saudi Arabia Steel production set to grow at a significant rate.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM455.htm

Some of our Related Reports are:

- US Steel Industry Outlook to 2015 (http://www.rncos.com/Report/IM452.htm)
- Saudi Arabia Steel Industry Forecast to 2013
(http://www.rncos.com/Report/IM255.htm)
- UAE Steel Industry Analysis (http://www.rncos.com/Report/IM135.htm)
- Japan Steel Industry Analysis (http://www.rncos.com/Report/IM351.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: ksa steel industry

Categories: Business

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