Rebar Dominates Steel Consumption in Saudi Arabia

Rebar steel consumption is projected to grow at a CAGR of 18% during 2012-2015, says RNCOS in its latest research report.

NOIDA, India (prHWY.com) October 31, 2012 - Rebar is among the most attractive steel products in the Saudi Arabia steel industry and accounts for a bulk of steel consumption due to large number of construction projects. The consumption of rebar steel has increased rapidly from the last few years with rising residential and commercial construction in the country. In addition, the rising rebar demand has made the country a major rebar importer. With rising value of construction contracts, the rebar steel consumption is anticipated to grow at a CAGR of more than 18% during 2012-2015.

According to a recent report by RNCOS, "KSA Steel Industry Forecast 2015", 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.

As per our research findings, long products account for the major share in production as well as consumption in Saudi Arabia. In long products, rebar steel dominates the total finished steel consumption due to large number of ongoing infrastructure and construction projects in the country. Our report covers a detailed analysis of rebar production and consumption in Saudi Arabia. Besides, it also covers information about long products, flat products and tubular products production, and consumption detail.

Our report, "KSA Steel Industry Forecast 2015", also covers prominent steel industry value chain determinants including production, consumption, pricing, and key players. A look at the sector's past, present, and future scenario has also been covered in the report to precisely determine the future of the industry. 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 a detailed 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 a section of steel pricing analysis, we have tried to provide the reasons behind fluctuating pricing trend in the country.

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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