Saudi Arabia Steel Industry Outlook 2024

The Kingdom Possesses 18% of the World's Proven Petroleum Reserves and Ranks as the Largest Exporter of Petroleum

Saudi Arabia is highly dependent on its oil income but is vulnerable to the volatility of oil price. The Kingdom possesses 18% of the world's proven petroleum reserves and ranks as the largest exporter of petroleum. The government is diversifying the country’s economy along with its dependence on oil. So, the non-oil sector as a whole is set to keep benefiting from government spending, corporate lending and domestic consumption. In particular, the Saudi Arabian government is increasing investment for the Kingdom’s socio-economic development.

This latest report provides an in-depth analysis of the steel industry in the Kingdom. The report analyzes the Saudi Arabian steel industry’s performance from 2015 to 2024 by highlighting its major growth drivers.

During the research, the analysts studied Saudi Arabia’ crude steel production along with finished steel production and consumption in the country. To provide a clear picture of the steel industry, the analysts segmented finished steel into long products classified as rebar and structural sections; and flat products classified as coils (strips & sheets), plates and tubular products. The report provides the current scenario and forecast for each of these product segments until 2024.

It further provides a comprehensive analysis of steel export and import to the country, which includes the steel trade scenario by product, covering long products, flat products and tubular products

Besides, the study of the steel scrap market and information about the current regulatory environment has been discussed extensively in the report.

In particular, to provide a balanced outlook of the country’s steel industry to clients, the current report includes profiles of the major industry players covering their business overview, recent developments and information about their key management personnel. In a nutshell, the research provides all the prerequisites for intending clients looking out to venture into this industry, and facilitates them to devise strategies while going for an investment/partnership in the Saudi steel industry.

1. Analyst View2. Research Methodology3. Saudi Arabia Steel Industry in the Gulf Cooperation Council (GCC) Context

4. Growth Drivers

4.1 Economic Growth Buoyancy to Steel Industry
4.2 Increasing Capital Investment towards Infrastructure Projects
4.3 Increasing Government Spending for New Projects in Various Sectors

5. Saudi Arabia Steel Industry Outlook to 2020

5.1 Production
5.1.1 Crude Steel
5.1.2 Finished Steel
5.1.2.1 Long Products
5.1.2.1.1 Concrete Reinforcing Bar (Rebar)
5.1.2.1.2 Structural Sections
5.1.2.2 Flat Products
5.1.2.2.1 Coils, Strips & Sheets
5.1.2.2.2 Plates
5.1.2.3 Tubular Products
5.2 Consumption
5.2.1 Finished Steel
5.2.1.1 Long Products
5.2.1.1.1 Concrete Reinforcing Bar (Rebar)
5.2.1.1.2 Structural Sections
5.2.1.2 Flat Products
5.2.1.2.1 Coils, Strips & Sheets
5.2.1.2.2 Plates
5.2.1.3 Tubular Products
5.3 Trade Scenario
5.3.1 Import
5.3.1.1 By Product
5.3.1.1.1 Long Products
5.3.1.1.2 Flat Products
5.3.1.1.3 Tubular Products
5.3.2 Export
5.3.2.1 By Product
5.3.2.1.1 Long Products
5.3.2.1.2 Flat Products
5.3.2.1.3 Tubular Products

6. Steel Scrap Market Analysis7. Regulatory Environment

8. Competitive Landscape

8.1 Saudi Iron and Steel Company (Hadeed)
8.1.1 Business Overview
8.1.2 Management Profile
8.2 Al-Tuwairqi Holding
8.2.1 Business Overview
8.2.2 Management Profile
8.3 Rajhi Steel
8.3.1 Business Overview
8.3.2 Management Profile
8.4 Shaaban Steel Co.
8.4.1 Business Overview
8.4.2 Management Profile
8.5 Zamil Steel Holding Company Ltd
8.5.1 Business Overview
8.5.2 Management Profile
8.6 Pan Gulf Steel
8.6.1 Business Overview
8.6.2 Management Profile
8.7 Attieh Steel Ltd.
8.7.1 Business Overview
8.7.2 Management Profile
8.8 United Sulb Company (Saudi Sulb)
8.8.1 Business Overview
8.8.2 Management Profile

List of Tables

Table 4-1: Selected KSA Construction Contract Awards (2018)
Table 10-1: Saudi Iron and Steel Company (Hadeed) - Key Management People
Table 10-2: Al-Tuwairqi Holding - Key Management People
Table 10-3: Rajhi Steel - Key Management People
Table 10-4: Shaaban Steel Co. - Key Management People
Table 10-5: Zamil Steel Holding Company Ltd - Key Management People
Table 10-6: Pan Gulf Steel - Key Management People
Table 10-7: Attieh Steel Ltd. - Key Management People
Table 10-8: United Sulb Company (Saudi Sulb) - Key Management People

List of Figures

Figure 3-1: Share of Projects Planned or Underway by GCC Country
Figure 3-2: Share of Saudi Arabia in GCC Apparent Steel Consumption (2018)
Figure 3-3: GCC - Per Capita Apparent Steel Consumption by Country (Kg), 2018
Figure 3-4: Share of Saudi Arabia in GCC Steel Imports (2018)
Figure 4-1: Budget Allocation by Sector
Figure 5-1: Crude Steel Production (Million Metric Tons), 2015-2019
Figure 5-2: Crude Steel Production (Million Metric Tons), 2020-2024
Figure 5-3: Finished Steel Products Production (Million Metric Tons), 2015-2019
Figure 5-4: Finished Steel Products Production (Million Metric Tons), 2020-2024
Figure 5-5: Finished Steel Production by Products (%), 2019
Figure 5-6: Long Products Production (Million Metric Tons), 2015-2019
Figure 5-7: Long Products Production (Million Metric Tons), 2020-2024
Figure 5-8: Production of Long Products by Type (%), 2019
Figure 5-9: Rebar Production (Million Metric Tons), 2015-2019
Figure 5-10: Rebar Production (Million Metric Tons), 2020-2024
Figure 5-11: Structural Sections Production (Million Metric Tons), 2015-2019
Figure 5-12: Structural Sections Production (Million Metric Tons), 2020-2024
Figure 5-13: Flat Products Production (Million Metric Tons), 2015-2019
Figure 5-14: Flat Products Production (Million Metric Tons), 2020-2024
Figure 5-15: Flat Products Production by Type (%), 2019
Figure 5-16: Sheets, Strips & Coils Production (Million Metric Tons), 2015-2019
Figure 5-17: Sheets, Strips & Coils Production (Million Metric Tons), 2020-2024
Figure 5-18: Plates Production (Million Metric Tons), 2015-2019
Figure 5-19: Plates Production (Million Metric Tons), 2020-2024
Figure 5-20: Tubular Products Production (Million Metric Tons), 2015-2019
Figure 5-21: Tubular Products Production (Million Metric Tons), 2020-2024
Figure 5-22: Finished Steel Consumption (Million Metric Tons), 2015-2019
Figure 5-23: Finished Steel Consumption (Million Metric Tons), 2020-2024
Figure 5-24: Finished Steel Consumption by Products (%), 2019
Figure 5-25: Long Products Consumption (Million Metric Tons), 2015-2019
Figure 5-26: Long Products Consumption (Million Metric Tons), 2020-2024
Figure 5-27: Long Products Consumption by Type (%), 2019
Figure 5-28: Rebar Consumption (Million Metric Tons), 2015-2019
Figure 5-29: Rebar Consumption (Million Metric Tons), 2020-2024
Figure 5-30: Structural Sections Consumption (Million Metric Tons), 2015-2019
Figure 5-31: Structural Sections Consumption (Million Metric Tons), 2020-2024
Figure 5-32: Flat Products Consumption (Million Metric Tons), 2015-2019
Figure 5-33: Flat Products Consumption (Million Metric Tons), 2020-2024
Figure 5-34: Flat Products Consumption by Type (%), 2019
Figure 5-35: Coils, Strips & Sheets Consumption (Million Metric Tons), 2015-2019
Figure 5-36: Coils, Strips & Sheets Consumption (Million Metric Tons), 2020-2024
Figure 5-37: Plates Consumption (Million Metric Tons), 2015-2019
Figure 5-38: Plates Consumption (Million Metric Tons), 2020-2024
Figure 5-39: Tubular Products Consumption (Million Metric Tons), 2015-2019
Figure 5-40: Tubular Products Consumption (Million Metric Tons), 2020-2024
Figure 5-41: Finished Steel Imports (Million Metric Tons), 2015-2019
Figure 5-42: Finished Steel Imports by Product (%), 2019
Figure 5-43: Imports of Long Products (Million Metric Tons), 2015-2019
Figure 5-44: Imports of Flat Products (Million Metric Tons), 2015-2019
Figure 5-45: Imports of Tubular Products (Million Metric Tons), 2015-2019
Figure 5-46: Finished Steel Exports (Million Metric Tons), 2015-2019
Figure 5-47: Finished Steel Exports by Product (%), 2019
Figure 5-48: Exports of Long Products (Million Metric Tons), 2015-2019
Figure 5-49: Exports of Flat Products (Million Metric Tons), 2015-2019
Figure 5-50: Exports of Tubular Products (Million Metric Tons), 2015-2019
Figure 6-1: Steel Scrap Market (Million Metric Tons), 2020-2024