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Saudi Arabia Flat Stainless Steel Market Overview
103€
- TRY: 5,000 ₺
Saudi Arabia is the second biggest consumer of flat rolled products of stainless steel in GCC (Gulf Cooperation Council) countries. Chemical industries, in particular petrochemical industry, are the major consumer industries of flat rolled products of stainless steel in KSA. Oil prices as well as investments in chemical industries are the dominant factors, influencing the demand volume of stainless steel rolled products. Accordingly, the developing plans of KSA along with outlook of future oil prices have made optimistic view of future demand of flat stainless steel products in KSA.
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Middle East Crude Steel Market Overview
103€
- TRY: 5,000 ₺
Half a century passed since beginning of steel production in the middle east. However, steel industry has not been matured as well as petroleum industry. Before 2000, the growth rate of steel industry in the region was slightly slow because of lower profit in comparison with oil production. In the current decade, oil price fluctuations threatened the petroleum-based economies. Accordingly, such countries changed their policies to reduce their economies’ dependency to petroleum income.
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Saudi Arabia Crude Steel Market Overview
103€
- TRY: 5,000 ₺
Saudi Arabia is the biggest oil producer in the world which export constitute 70% of government income. Petroleum industry has introduced Saudi Arabia’s economy to the wealthiest economies list. Relying on huge income of oil export, KSA is planning to modernize the country through mega projects. Note that most of the projects including construction and rail infrastructure are big steel consumers.
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Saudi Arabia Refined Copper Market Overview
103€
- TRY: 5,000 ₺
Relying on hydrocarbon reserves, Saudi Arabia’s economy is highly dependent to oil and gas industry; while development in non-petroleum economies can be followed by their copper consumption trend. There is no copper smelter and refinery in Saudi Arabia, thus the country is not a refine copper producer. However, this country consumes refined copper in order to produce rod, wire and cables.
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Saudi Arabia Aluminum and Semis Market Overview
103€
- TRY: 5,000 ₺
Although Saudi Arabia has launched production of primary aluminum earlier than producers, but it has experienced appreciable development in downstream sector of aluminum industry. This has brought out more rapid growth rate of consumption per capita in comparison with the globe. Sheets and profiles as the main growing aluminum semis in Saudi Arabia, have encountered a drop in demand; however the demand is still above supply volume, providing strong enough drives for production growth.
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