Forecast for the development of ferrous metallurgy of Saudi Arabia 2017

Based on the construction boom and the growth of investments in the real estate sector, Saudi Arabia became one of the largest consumers in the Gulf region. The construction sector in the country is considered the largest and fastest growing market in the region with huge growth potential.

Analysts created the “Forecast of the Development of the Black Metallurgy of Saudi Arabia 2017”, which states that the consumption of steel in the kingdom has grown at the highest rates over the past decade. The main factors in the growth of the construction sector are considered to be investments in the railway, infrastructure and road projects, as well as cheap and reliable sources of energy.

In 2012, steel consumption doubled, and in the future, as expected, it will increase by an average of 11.7 percent during 2013-2017. In the report, analysts studied the performance of the metallurgical industry of Saudi Arabia in terms of production, consumption, import and export.

In the varietal box office, reinforcing steel, the consumption of finished rental dominates. In addition, the report contains an analysis of the steel scrap market in the country. Analysts found that the steel industry in Saudi Arabia is imported by more than half of steel consumption. The report covers a detailed analysis of steel imports, including finished rental, steel semi -finished products, ingots, varietal rolling, sheet rental and pipe products.

In addition, the report determined the main exporters to Saudi Arabia. Analysts also conducted an initial inspection of the largest manufacturers of steel, importers, exporters and construction companies to have a clear idea of ​​the prospects for the growth of metallurgy in Saudi Arabia. The enormous potential of industry growth, according to researchers, provides for wide opportunities for existing and new market players.

The report also includes the characteristics of the main industry players such as Hadeed, Al Tuwairqi, Rajhi Steel and Saudi Steel Pipe Company. Analysts also studied the regulatory framework and initiatives of the government affecting the steel market. The purpose of the study is to help customers understand the prospects for the development of the industry until 2017.