| RNCOS has recently added a new Market Research | | | | situation is expected to reverse in future with the |
| Report titled, "Saudi Arabia Steel Industry Forecast to | | | | escalation of domestic production. We anticipate that |
| 2013" to its report gallery. Saudi Arabia represents one | | | | the share of imported steel will see a downward trend |
| of the fastest growing steel industries in the Middle | | | | in coming years as several major capacity expansion |
| East. Over the past few years, the rapid economic | | | | plans of manufacturers under pipeline. |
| development has led to skyrocketing growth in the | | | | Our research has also found the factors, which will |
| construction and infrastructure industry, which has | | | | drive growth in Saudi Arabia's steel industry during the |
| boosted steel demand in the country and caught the | | | | forecast period. The report has identified that increase |
| attention of global steel giants. | | | | real estate projects in different parts of the country |
| According to our new research report "Saudi Arabia | | | | are currently the key boosters, and this trend coupled |
| Steel Industry Forecast to 2013", steel consumption in | | | | with government initiatives will play a greater role in |
| Saudi Arabia has rapidly surged over the past few | | | | promoting reforms and increasing competitiveness. |
| years on the back of construction boom, growing | | | | "Saudi Arabia Steel Industry Forecast to 2013", is an |
| investment in real estate and cheap & reliable gas | | | | outcome of extensive research and thorough analysis |
| energy supply. Economic growth has also contributed | | | | of the steel industry in Saudi Arabia. The report |
| substantially to raise domestic steel consumption by | | | | provides an insight into the steel industry past, present |
| accelerating business activities. In fact, the impact of | | | | and future scenario considering all prominent steel |
| economic slowdown on the real estate projects was | | | | industry value chain determinants including production, |
| minimal. Out of the total real estate projects worth | | | | consumption, trade, pricing, key players, etc. With |
| US$ 543 Billion, mere 4% have been cancelled or | | | | immense growth potential, our report foresees huge |
| delayed. Hence, all these factors have fueled the | | | | opportunities for existing as well as new market |
| consumption of iron and steel in the Kingdom to reach | | | | players. The report also studies the implications of |
| around 14.8 Million Metric Tons in 2009. | | | | regulatory environment on the steel industry, with focus |
| At present, the steel industry in Saudi Arabia is highly | | | | of developments and initiatives taken by the |
| import oriented. In 2008, the Kingdom imported around | | | | government. In addition, the section of steel pricing |
| 6.3 Million Metric Tons of steel, which accounted for | | | | analysis updates clients about the fluctuating pricing |
| majority of domestic steel consumption. However, the | | | | trend in context of factors responsible for the trend. |