The prospects of the steel industry in Saudi Arabia until 2019

Saudi Arabia is one of the richest economies in the Middle East, being also one of the most important consumers of steel in the GCC region. High GDP per capita and population growth, demanding more government attention on infrastructure expansion to maintain economic growth.

The development of economic cities to provide civilized areas for both leisure and practical purposes increases the demand for steel in Saudi Arabia. Apart from these important factors, the growth is also attributed to rapid industrialization and the establishment of public transport systems. Such as railways, subways and airports throughout the country.

This recent report „2019 Saudi Arabian Steel Industry Outlook” is the result of extensive research. Also, an in-depth analysis of the steel industry in the Kingdom. The report analyzes the performance of the Saudi Arabian steel industry over a nine-year period. And he points out the major growth factors of the industry.

Analysis of the most important steel consumers in the CCG region

The report provides an in-depth analysis of steel production and consumption in Saudi Arabia, covering both raw steel and finished products. In the research, steel products were segmented into long products, flat products and tubular products. Moreover, long products are classified as bars, structural profiles and others. While flat products are classified into coils, strips and sheets/plates. The report analyzes the current context and forecasts for each of these segments until 2019.

To provide a clear picture of the prospects for the steel trade in the Kingdom, the report includes a comprehensive analysis of steel exports and imports. It includes the steel product trade forecast covering ingots and semi-finished steel, long products, flat products and tubular products. In addition, the section also provides a list of the main countries involved in iron and steel imports and exports with Saudi Arabia.

The report also analyzes the application of the Saudi Arabian steel industry in the important sectors of the industry. Such as construction and infrastructure, manufacturing, as well as the oil and gas industry. In addition, there is a market study regarding steel waste. And it consists of current regulations related to the environment and the establishment of steel prices in the Kingdom.

In order to provide a balanced perspective of the country’s steel industry, the report includes profiles of the major players in the industry. Covering the big picture of the business, recent developments and information on their key management personnel. In short, the research offers all the prerequisites for clients who intend to venture into this industry. And it facilitates the development of strategies for a partnership investment in the steel industry in Saudi Arabia.

You can download the report here

Article source: http://www.prnewswire.com/news-releases/saudi-arabia-steel-industry-outlook-2019-300054771.html