Saudi Arabia Steel Production Set to Grow at a Significant Rate

Saudi Arabia crude steel production is projected to grow at a CAGR of 8% during 2012-2015, says RNCOS in its latest research report.

NOIDA, India (prHWY.com) November 9, 2012 - Saudi Arabia has become one of the largest steel consumers in the GCC region owing to rising steel demand for infrastructure and construction projects. The steel production growth rate was one of the fastest in the entire GCC region. A fast-growing market has encouraged major players in the steel sector to announce new projects and expand the existing ones. In future, these planned expansion projects are likely to boost the production capacities of steel manufacturers in the Kingdom and the crude steel production will eventually orchestrate at a CAGR of around 8% during 2012-2015.

As per our research findings, long products (including rebar, bar, wire, rod, etc.) account for a major share in production as well as consumption in Saudi Arabia. In long products, rebar steel dominates the total finished steel consumption due to a 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. It also covers information on long products, flat products, and tubular products' production, and consumption details.

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. In addition, it also covers information on the major iron and steel exporting countries to Saudi Arabia in which, Turkey dominated in terms of iron and steel import while China Mainland dominated in exports of articles of iron and steel in 2010.

Further a report by RNCOS, "KSA Steel Industry Forecast 2015", spread in 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 covering information on the long products, flat products, and tubular products' production and consumption detail. It has also been revealed 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.

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: Industrial

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