Executive Summary

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.

Table of Contents

1. Analyst View
2. Research Methodology
3. US - In Global Context
4. US Steel Industry Analysis
     4.1 Availability of Raw Material
5. Steel Industry Outlook to 2015
     5.1 Production
            5.1.1 Crude Steel
            5.1.2 By Type
                       5.1.2.1 Continuously Cast Steel
                       5.1.2.2  Ingots
            5.1.3 By Product (Hot Rolled Products)
                       5.1.3.1 Long Products
                                     5.1.3.1.1 Concrete Reinforcing Bars
                                     5.1.3.1.2 Bars
                                     5.1.3.1.3 Wire Rod
                       5.1.3.2 Flat Products
                                      5.1.3.2.1 Electrical Sheet and Strip
                                      5.1.3.2.2 Tinmill
                                      5.1.3.2.3 Other Metallic Coated Sheet and Strip
                       5.1.3.3  Seamless Tubes
            5.1.4 Steel Scrap
     5.2 Consumption
            5.2.1 Crude Steel
                       5.2.1.1 By Type
                       5.2.2 Finished Steel
                                  5.2.2.1 By Product
                                                 5.2.2.1.1 Stainless Sheet/Strip
                                                 5.2.2.1.2 Stainless Plate
                                                 5.2.2.1.3 Stainless Bar
                                                 5.2.2.1.4 Stainless Rod
                                                 5.2.2.1.5 Stainless Steel Wire
                       5.2.3 Scrap Steel
     5.3 Export and Import
            5.3.1 Long products
            5.3.2 Flat Products
            5.3.3 Tubular Products
            5.3.4 Stainless Steel
            5.3.5 Steel Scrap
6. Steel Demand Analysis
     6.1 Automobile Sector
     6.2 Construction Sector
            6.2.1 Residential Sector
            6.2.2 Non-residential Sector
     6.3 Energy Sector
     6.4 Container
     6.5 Defense & Security
7. Steel Pricing Analysis
8. Industry Trends and Drivers
     8.1 Rising Energy Efficiency and Reduction in Emissions
     8.2 Focus on Environment-friendly Steel Producing Technologies
     8.3 Growing Use of Recycled Steel
     8.4 Consolidation - Never Ending Growth Strategy
9. Competitive Landscape
     9.1 United States Steel Corporation
     9.2 ArcelorMittal
     9.3 Nucor Corporation
     9.4 Steel Dynamics
     9.5 AK Steel
     9.6 The Timken Company
     9.7 Commercial Metals Company
     9.8 Allegheny Technologies Incorporated
     9.9 Gerdau Ameristeel Corporation

List of Figures:

Figure 3-1: Global - Top Crude Steel Producing Countries (%), 2011
Figure 4-1: Iron Ore Production (Million Metric Tons), 2008-2011
Figure 4-2: Iron Ore Imports (Million Metric Tons), 2008-2011
Figure 4-3: Iron Ore Imports by Country (%), 2011
Figure 4-4: Iron Ore Exports (Million Metric Tons), 2008-2011
Figure 5-1: Crude Steel Production (Million Metric Tons), 2009-2015
Figure 5-2: Crude Steel Production by Process (%), 2011
Figure 5-3: Crude Steel Production by Type (%), 2011
Figure 5-4: Forecast for Crude Steel Production by Type (%), 2015
Figure 5-5: Continuously Cast Steel Production (Million Metric Tons), 2009-2015
Figure 5-6: Ingots Production (Million Metric Tons), 2009-2015
Figure 5-7: Hot Rolled Products Production by Segment (%), 2011
Figure 5-8: Forecast for Hot Rolled Products Production by Segment (%), 2015
Figure 5-9: Hot Rolled Long Products Production (Million Metric Tons), 2009-2015
Figure 5-10: Concrete Reinforcing Bars Production (Million Metric Tons), 2009-2015
Figure 5-11: Hot Rolled Bars Production (Million Metric Tons), 2009-2015
Figure 5-12: Wire Rod Production (Million Metric Tons), 2009-2015
Figure 5-13: Hot Rolled Flat Products Production (Million Metric Tons), 2009-2015
Figure 5-14: Electrical Sheet and Strip Production ('000 Metric Tons), 2009-2015
Figure 5-15: Tinmill Products Production (Million Metric Tons), 2009-2015
Figure 5-16: Other Metallic Coated Sheet and Strip Production (Million Metric Tons), 2009-2015
Figure 5-17: Seamless Tubes Production (Million Metric Tons), 2009-2015
Figure 5-18: Iron and Steel Scrap Production (Million Metric Tons), 2008-2011
Figure 5-19: Apparent Steel Consumption (Million Metric Tons), 2009-2015
Figure 5-20: Apparent Steel Consumption by Product Type (%), 2011
Figure 5-21: Forecast for Apparent Steel Consumption by Product Type (%), 2015
Figure 5-22: Apparent Finished Steel Products Consumption (Million Metric Tons), 2009-2015
Figure 5-23: Stainless Sheet/Strip Consumption ('000 Net Tons), 2009-2015
Figure 5-24: Stainless Plate Consumption ('000 Net Tons), 2009-2015
Figure 5-25: Stainless Bar Consumption ('000 Net Tons), 2009-2015
Figure 5-26: Stainless Rod Consumption ('000 Net Tons), 2009-2015
Figure 5-27: Stainless Wire Consumption ('000 Net Tons), 2009-2015
Figure 5-28: Iron and Scrap Steel Consumption (Million Metric Tons), 2008-2011
Figure 5-29: Export and Import of Steel (Million Net Tons), 2009-2012
Figure 5-30: Export and Import of Long Products (Million Metric Tons), 2009-2012
Figure 5-31: Export and Import of Flat Products (Million Metric Tons), 2009-2012
Figure 5-32: Export and Import of Tubular Products (Million Metric Tons), 2009-2012
Figure 5-33: Exports and Imports of Iron & Steel Scrap (Million Metric Tons), 2008-2011
Figure 6-1: Steel Shipments by Sector (%), 2011
Figure 6-2: Automobile Steel Consumption by Segment (%), 2011
Figure 6-3: Automobile Production (Million Units), 2009-2011
Figure 6-4: Housing Starts (‘000 Units), 2008-2011
Figure 6-5: Non-residential Building Floor Area (Million Square Feet), 2008-2010
Figure 6-6: Non-residential Building Steel Consumption (‘000 Tons), 2008-2010
Figure 6-7: Steel Demand in Energy Industry (Million Tons), 2008-2012
Figure 7-1: Average Steel Spot Price (US$/Ton), 2009-2011
Figure 7-2: Average Steel Scrap Price (US$/Ton), 2009-2011
Figure 8-1: Energy Intensity in Steel Industry (MBTU/Ton), 2006-2010
Figure 8-2: CO2 Intensity in Steel Industry (per Ton Produced), 2006-2009

List of Tables:

Table 5-1: Finished Steel Mill Products Imports by Country (‘000 Net Tons), 2011 & 2012e
Table 5-2: Stainless Steel Import by Product Type (Net Tons), 2010 & 2011
Table 5-3: Top Iron and Steel Scrap Exporting Destinations (000’ Metric Tons), 2011
Table 8-1: Steel Recycling Rates by Sector (%), 2007-2010
Table 9-1: United State Steel Corp - Key Financials (Billion US$), 2010 & 2011
Table 9-2: ArcelorMittal - Key Financials (Billion US$), 2010 & 2011
Table 9-3: Nucor Corporation - Key Financials (Billion US$), 2010 & 2011
Table 9-4: Steel Dynamics - Key Financials (Billion US$), 2010 & 2011
Table 9-5: AK Steel - Key Financials (Billion US$), 2010 & 2011
Table 9-6: Timkin- Key Financials (Billion US$), 2010 & 2011
Table 9-7: Commercial Metals Company - Key Financials (Billion US$), 2010 & 2011
Table 9-8: Allegheny Technologies Incorporated - Key Financials (Billion US$), 2010 & 2011
Table 9-9: Gerdau - Key Financials (Billion R$), 2010 & 2011


Pages: 75
Publish Date: September 2012
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