KSA Steel Industry Forecast 2015
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 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 increasing steel demand, the country has become one of the favorite destinations for the major steel producers across the world.
According to “KSA Steel Industry Forecast 2015”, the steel consumption in Saudi Arabia has witnessed tremendous growth on the back of rising construction activities, growing investment in railway, infrastructure and road projects, and cheap and reliable energy supply. In 2011, the steel consumption in the country experienced double-digit growth; and in future, the apparent steel consumption is expected to grow at a CAGR 19.5% during 2012-2015.
As per our research findings, long products (including rebar, bar, wire, rod, etc.) 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. 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, the report covers the major iron and steel exporting countries to Saudi Arabia in which Turkey dominated in terms of iron and steel import while China Mainland in exports of articles of iron and steel in 2010.
After analyzing the industry-specific statistics, for which we have carried out an in-depth research, it is anticipated that strong demand and soaring domestic steel prices, the share of imported steel is expected to witness an upward trend in the coming years.
With the industry’s immense growth potential, our study foresees huge opportunities for both existing and new market players. Considering 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. 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.
According to “KSA Steel Industry Forecast 2015”, the steel consumption in Saudi Arabia has witnessed tremendous growth on the back of rising construction activities, growing investment in railway, infrastructure and road projects, and cheap and reliable energy supply. In 2011, the steel consumption in the country experienced double-digit growth; and in future, the apparent steel consumption is expected to grow at a CAGR 19.5% during 2012-2015.
As per our research findings, long products (including rebar, bar, wire, rod, etc.) 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. 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, the report covers the major iron and steel exporting countries to Saudi Arabia in which Turkey dominated in terms of iron and steel import while China Mainland in exports of articles of iron and steel in 2010.
After analyzing the industry-specific statistics, for which we have carried out an in-depth research, it is anticipated that strong demand and soaring domestic steel prices, the share of imported steel is expected to witness an upward trend in the coming years.
With the industry’s immense growth potential, our study foresees huge opportunities for both existing and new market players. Considering 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. 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.
1. ANALYST VIEW
2. RESEARCH METHODOLOGY
3. SAUDI ARABIA STEEL INDUSTRY IN GCC CONTEXT
4. GROWTH DRIVERS
4.1 Economic Growth Boosting Steel Industry
4.2 Huge Spending on Infrastructure Developments
4.3 Rising Investment in Construction Sector
4.4 Focus on Development of Economic Cities
4.4.1 King Abdullah Economic City (KAEC)
4.4.2 Jazan Economic City (JEC)
4.4.3 Prince AbdulAziz bin Mousaed Economic City (PABMEC)
4.4.4 Knowledge Economic City (KEC)
4.5 Growing Power Projects to Support Steel Industry
4.6 Rising Steel Consumption
4.7 Railway Projects Increasing Kingdom’s Appetite for Steel
5. SAUDI ARABIA STEEL INDUSTRY OUTLOOK TO 2015
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)
5.1.2.2 Flat Products
5.1.2.3 Tubular and Other Products
5.2 Consumption
5.2.1 Crude Steel
5.2.2 Finished Steel
5.2.2.1 Long Products
5.2.2.1.1 Concrete Reinforcing Bar (Rebar)
5.2.2.2 Flat Products
5.2.2.3 Tubular and Other Products
5.3 Steel Trade Scenario
5.3.1 Import
5.3.1.1 Ingot and Semi Finished Steel
5.3.1.1.1 Long Products
5.3.1.1.2 Flat Products
5.3.1.1.3 Tubular Products
5.3.1.2 Iron Ore
5.3.2 Export
6. INDUSTRY ANALYSIS
6.1 Import Reliance
6.2 Direct Reduced Iron (DRI)
6.3 Environmental Concerns
7. REGULATORY ENVIRONMENT
8. STEEL PRICING ANALYSIS
9. COMPETITIVE LANDSCAPE
9.1 Hadeed
9.2 Al Tuwairqi
9.3 Rajhi Steel
9.4 Attieh Steel Ltd.
9.5 Welspun Middle East
9.6 Zamil Industrial Investment Company (ZIIC)
9.7 Arabian Pipes Co. (APC)
9.8 Saudi Steel Pipe Company (SSP)
2. RESEARCH METHODOLOGY
3. SAUDI ARABIA STEEL INDUSTRY IN GCC CONTEXT
4. GROWTH DRIVERS
4.1 Economic Growth Boosting Steel Industry
4.2 Huge Spending on Infrastructure Developments
4.3 Rising Investment in Construction Sector
4.4 Focus on Development of Economic Cities
4.4.1 King Abdullah Economic City (KAEC)
4.4.2 Jazan Economic City (JEC)
4.4.3 Prince AbdulAziz bin Mousaed Economic City (PABMEC)
4.4.4 Knowledge Economic City (KEC)
4.5 Growing Power Projects to Support Steel Industry
4.6 Rising Steel Consumption
4.7 Railway Projects Increasing Kingdom’s Appetite for Steel
5. SAUDI ARABIA STEEL INDUSTRY OUTLOOK TO 2015
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)
5.1.2.2 Flat Products
5.1.2.3 Tubular and Other Products
5.2 Consumption
5.2.1 Crude Steel
5.2.2 Finished Steel
5.2.2.1 Long Products
5.2.2.1.1 Concrete Reinforcing Bar (Rebar)
5.2.2.2 Flat Products
5.2.2.3 Tubular and Other Products
5.3 Steel Trade Scenario
5.3.1 Import
5.3.1.1 Ingot and Semi Finished Steel
5.3.1.1.1 Long Products
5.3.1.1.2 Flat Products
5.3.1.1.3 Tubular Products
5.3.1.2 Iron Ore
5.3.2 Export
6. INDUSTRY ANALYSIS
6.1 Import Reliance
6.2 Direct Reduced Iron (DRI)
6.3 Environmental Concerns
7. REGULATORY ENVIRONMENT
8. STEEL PRICING ANALYSIS
9. COMPETITIVE LANDSCAPE
9.1 Hadeed
9.2 Al Tuwairqi
9.3 Rajhi Steel
9.4 Attieh Steel Ltd.
9.5 Welspun Middle East
9.6 Zamil Industrial Investment Company (ZIIC)
9.7 Arabian Pipes Co. (APC)
9.8 Saudi Steel Pipe Company (SSP)
LIST OF FIGURES:
Figure 3-1: GCC - Iron and Primary Steel Production Capacity by Country (Million Metric Tons), 2008 & 2011
Figure 3-2: GCC - Apparent Steel Consumption by Country (Million Metric Tons), 2010
Figure 3-3: GCC - Per Capita Apparent Steel Consumption by Country (Kg), 2010
Figure 3-4: GCC - Steel Imports (Million Metric Tons), 2006-2010
Figure 3-5: GCC - Construction Projects Awarded and Completed (Billion US$), 2011 & 2012
Figure 4-1: Real GDP Growth (%), 2011-2015
Figure 4-2: Construction Spending (Billion US$), 2009-2015
Figure 4-3: Per Capita Apparent Steel Consumption (Kg), 2006-2010
Figure 5-1: Crude Steel Production (Million Metric Tons), 2009-2015
Figure 5-2: Finished Steel Products Production (Million Metric Tons), 2009-2015
Figure 5-3: Long Products Production (Million Metric Tons), 2009-2015
Figure 5-4: Rebar Production (Million Metric Tons), 2009-2015
Figure 5-5: Flat Products Production (‘000 Metric Tons), 2009-2015
Figure 5-6: Tubular and Other Products Production (‘000 Metric Tons), 2009-2015
Figure 5-7: Apparent Steel Consumption (Million Metric Tons), 2009-2015
Figure 5-8: Apparent Finished Steel Products Consumption (Million Metric Tons), 2009-2015
Figure 5-9: Long Products Consumption (Million Metric Tons), 2009-2015
Figure 5-10: Rebar Consumption (Million Metric Tons), 2009-2015
Figure 5-11: Flat Products Consumption (Million Metric Tons), 2009-2015
Figure 5-12: Tubular and Other Products Consumption (Million Metric Tons), 2009-2015
Figure 5-13: Steel Imports (Million Metric Tons), 2008-2011
Figure 5-14: Iron and Steel Import by Country (%), 2010
Figure 5-15: Articles of Iron and Steel Import by Country (%), 2010
Figure 5-16: Imports of Ingots and Semi-Finished Steel (‘000 Metric Tons), 2008-2011
Figure 5-17: Imports of Long Products (‘000 Metric Tons), 2008-2011
Figure 5-18: Imports of Flat Products (‘000 Metric Tons), 2008-2011
Figure 5-19: Imports of Tubular Products (‘000 Metric Tons), 2008-2011
Figure 5-20: Iron Ore Imports (Million Metric Tons), 2006-2009
Figure 5-21: Steel Exports (Million Metric Tons), 2006-2010
Figure 6-1: GCC - Steel Imports by Country (%), 2010
Figure 6-2: Direct Reduced Iron Production (Million Metric Tons), 2006-2011
Figure 6-3: CO2 Emmision (Billion Metric Tons), 2007-2011
Figure 8-1: Average Iron and Steel Price (SAR/Metric Ton), 2006-2011
Figure 3-1: GCC - Iron and Primary Steel Production Capacity by Country (Million Metric Tons), 2008 & 2011
Figure 3-2: GCC - Apparent Steel Consumption by Country (Million Metric Tons), 2010
Figure 3-3: GCC - Per Capita Apparent Steel Consumption by Country (Kg), 2010
Figure 3-4: GCC - Steel Imports (Million Metric Tons), 2006-2010
Figure 3-5: GCC - Construction Projects Awarded and Completed (Billion US$), 2011 & 2012
Figure 4-1: Real GDP Growth (%), 2011-2015
Figure 4-2: Construction Spending (Billion US$), 2009-2015
Figure 4-3: Per Capita Apparent Steel Consumption (Kg), 2006-2010
Figure 5-1: Crude Steel Production (Million Metric Tons), 2009-2015
Figure 5-2: Finished Steel Products Production (Million Metric Tons), 2009-2015
Figure 5-3: Long Products Production (Million Metric Tons), 2009-2015
Figure 5-4: Rebar Production (Million Metric Tons), 2009-2015
Figure 5-5: Flat Products Production (‘000 Metric Tons), 2009-2015
Figure 5-6: Tubular and Other Products Production (‘000 Metric Tons), 2009-2015
Figure 5-7: Apparent Steel Consumption (Million Metric Tons), 2009-2015
Figure 5-8: Apparent Finished Steel Products Consumption (Million Metric Tons), 2009-2015
Figure 5-9: Long Products Consumption (Million Metric Tons), 2009-2015
Figure 5-10: Rebar Consumption (Million Metric Tons), 2009-2015
Figure 5-11: Flat Products Consumption (Million Metric Tons), 2009-2015
Figure 5-12: Tubular and Other Products Consumption (Million Metric Tons), 2009-2015
Figure 5-13: Steel Imports (Million Metric Tons), 2008-2011
Figure 5-14: Iron and Steel Import by Country (%), 2010
Figure 5-15: Articles of Iron and Steel Import by Country (%), 2010
Figure 5-16: Imports of Ingots and Semi-Finished Steel (‘000 Metric Tons), 2008-2011
Figure 5-17: Imports of Long Products (‘000 Metric Tons), 2008-2011
Figure 5-18: Imports of Flat Products (‘000 Metric Tons), 2008-2011
Figure 5-19: Imports of Tubular Products (‘000 Metric Tons), 2008-2011
Figure 5-20: Iron Ore Imports (Million Metric Tons), 2006-2009
Figure 5-21: Steel Exports (Million Metric Tons), 2006-2010
Figure 6-1: GCC - Steel Imports by Country (%), 2010
Figure 6-2: Direct Reduced Iron Production (Million Metric Tons), 2006-2011
Figure 6-3: CO2 Emmision (Billion Metric Tons), 2007-2011
Figure 8-1: Average Iron and Steel Price (SAR/Metric Ton), 2006-2011
LIST OF TABLES:
Table 3-1: GCC - Ongoing Major Steel Projects by Contract Value
Table 4-1: Ongoing Major Infrastructure Projects by Contract Value
Table 4-2: Major Power Projects
Table 4-3: Ongoing Major Railway Projects
Table 3-1: GCC - Ongoing Major Steel Projects by Contract Value
Table 4-1: Ongoing Major Infrastructure Projects by Contract Value
Table 4-2: Major Power Projects
Table 4-3: Ongoing Major Railway Projects
