Steel industry in saudi arabia

Steel industry in saudi arabia. Dec 9, 2020 · Saudi Arabia’s’ National Industrial Development Center said the kingdom has 41 existing factories that produce steel at a capacity of 18 million tonnes. BENA Steel Industries, established in 1993 as a coil service center, has emerged as the leading provider of flat products and slit ferrous & non-ferrous coils in Saudi Arabia. STEEL MANUFACTURER & SUPPLIER IN DAMMAM, KSA. It has since grown to become the largest center for flat products and slit ferrous & non-ferrous coils in Saudi Arabia and also diversified in to structural steel, plate fabrication, Metal Forming & Tube Manufacturing. com +966-13-847 26 85 Sep 17, 2020 · Saudi Arabia Steel Industry Outlook to 2020 5. approxim ately 4 million tons. Oct 26, 2023 · Starting in 2024, Essar embarks on constructing a $4 billion state-of-the-art steel plant in Saudi Arabia, aiming to revolutionise the steel industry with advanced technology and sustainable practices Rafid Space Frame is an innovative form of steel construction having wide range of application in the building industry. , If you need to buy steel in Saudi Arabia, you can check some of the following Saudi Arabia 11 comprehensive market analysis studies and industry reports on the Steel sector, offering an industry overview with historical data since 2019 and forecasts up to 2029. (ASF) is a steel fabricator established in the year 2000, Kingdom of Saudi Arabia-Riyadh. May 1, 2023 · DHAHRAN, Saudi Arabia, May 1, 2023 /PRNewswire/ -- Aramco, one of the world's leading integrated energy and chemicals companies, Baoshan Iron & Steel Co. Jun 27, 2024 · The steel industry in Saudi Arabia is poised for substantial growth, supported by robust government initiatives and strategic investments in infrastructure and construction projects. Without steel there would be no oil industry, no water in our homes, no lights in our streets, no cars to drive, no cities to live in. With the weakening of the epidemic, the local building materials industry has started to rebound after a period of silence before, and they have strong market growth potential. (Baosteel), the world's leading The key players in the Saudi Arabia steel rail market are Saudi Iron and Steel Company (Hadeed), Al-Tuwairqi Group of Companies, Arabco International Investment Co. Believing that the well-being of its human capital is more important than anything else is a value that LION STEELS appreciates in all its operations and activities. 2 percent of the total production in the Middle East and North Africa region Apr 18, 2023 · Summary Saudi Arabia Iron & Steel Market in 2023 and by 2025 Saudi Arabia is one of the largest oil-producing countries in the world and has been making strides towards diversifying its economy. First of all, Saudi Arabia is still in desperate need of developing its infrastructure. Saudi Arabia Steel has played a vital role in the construction and industrialization of some of the world’s fastest growing economies. is a flagship company of the AL ITTEFAQ STEEL CO. 8% from 2020 to 2026, due to the presence of numerous industrial activities and ongoing projects in the country. Saudia Iron and Steel Companies are one of the world’s largest fully integrated steel producers in the world. 8 Saudi Arabia Structural Steel Market Overview 8. This includes a detailed market research of 107 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis Since 1967 Al-Ayash Steel Industries presents High Quality Steel Storage Tanks across the Kingdom. Bait Al Tatawor Company has emerged as a leading Steel Supplier / Processor in the Saudi market as well as exporting internationally. (Baosteel), the world’s leading steel conglomerate, and the Public Investment Fund (PIF) have signed a shareholders’ agreement to establish an integrated steel plate manufacturing complex in the Kingdom of Saudi Arabia. has joined forces with Saudi Aramco and the kingdom’s sovereign wealth fund to set up a steel plant in Saudi Arabia, as the two countries deepen commercial ties. 21 billion in 2024 and grow at a CAGR of 11. With an eye towards the future, AIC Steel is poised to leverage its experience, expertise, and newfound capabilities to embark on further localization projects. 32 billion. 2 Finished Steel 5. Aramco, Baoshan Iron & Steel Co. Mr. BENA Steel Industries commenced business in 1993 as a coil service center. Saudi Arabia has the fifth largest market size for basic iron and steel regionally, with demand reaching USD11. 3 Saudi Arabia Structural Steel Market Forecast (2024-2032) 9 Saudi Arabia Structural Steel Market by Product Type 9. Abdul Karim Al-Rajhi Steel Company seeks to work steadily and distinctively in the astronomy of the global economy in a way that supports our national economy in the Kingdom of Saudi Arabia as well as the economy of the countries in which we mean to work or aspire to in the future, God Almighty’s will, through the manufacture of Steel. 0% of the industry’s total production value in 2023. We entered the Steel Business from Riyadh, Saudi Arabia, by the end of 2003. 1 Economic Growth Buoyancy to Steel Industry 4. While the market faces challenges such as overcapacity in certain segments, the overall demand outlook is positive. I learned from the cooperative customers in Saudi Arabia that the demand for steel in Saudi Arabia is constantly increasing. 1 Long Products 5. At LION STEELS we seek to remain contemporary and always at the forefront of development through our ability . 2 Increasing Capital Investment towards Infrastructure Nov 17, 2018 · Saudi Arabia’s leading steel manufacturers took the stage at the recent 13th Arab Steel Summit to elevate a discussion of how the government and private sector can work together to ensure the future competitiveness of one of the nation’s most strategically significant industries that could greatly contribute to the success of Vision 2030’s economic development agenda. Jul 1, 2024 · Saudi Arabia Iron & Steel Reports: Our 2024 Saudi Arabia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Iron & Steel market. Reinforcement, Nails, Wire(HDG, ELG, PVC, Black) Chain Link, Barbed Wire, Welding Wires. 67m tonnes produced in 2008, while leading producers Saudi Basic Industries Corporation (SABIC), Tuwairqi Steel Mills and Rajhi Steel will collectively turn out some 7. (Baosteel), the world's leading steel conglomerate, and the Public Investment Fund (PIF) have signed a shareholders' agreement to establish an integrated steel plate manufacturing complex in the Kingdom of Saudi Arabia. Al-Sharq Factory Steel Industries Co. 1 Concrete Reinforcing Bar (Rebar) 5. 33 Thousand Tonnes from 1988 until 2020, reaching an all time high of 854. Oct 30, 2012 · According to data from the Arab Iron & Steel Union (AISU), Saudi Arabia’s crude steel output is expected to hit 6. 2 percent of the total production in the Middle East and North Africa region 3 days ago · Steel is the driving force behind the advancement of the economic development of the Kingdom of Saudi Arabia. I think the steel industry is very important now because of the amount of construction happening in the country. The ARAB STEEL CO. Dec 6, 2022 · The iron and steel industry is closely linked to countries’ economic conditions, Al Ansari said, expecting a promising future for demand in the Kingdom, especially as work is going around the clock on mega projects, in tandem with Saudi Vision 2030. Jul 1, 2024 · Top 3 largest Saudi Arabian Companies in the Steel industry by Market Cap. Albawardi Steel Industries commenced business in 1993 as a coil service center. 1 million metric tons of steel, an increase from around 8. The country’s government is negotiating with local and international investors. com www. and is already setting up a green-field and integrated steel plant with a capacity limit of up to 4. 4m tonnes of billet this year. Steel Production in Saudi Arabia averaged 328. Saudi Arabia is looking to attract billions of dollars of investment to increase local supplies and reduce imports, and we support the country’s focus on differentiated steel investment. Sep 13, 2022 · Saudi Arabia intends to implement three steel production projects worth $9. Hi-tech Fence and Steel industry is a Saudi Arabia based manufacturing company and a subsidiary of NarTel. This news has brought confidence to the representatives of the domestic steel industry. The Kingdom`s Vision 2030 program also includes plans for further expansion into infrastructure and heavy industry. May 1, 2023 · Aramco, one of the world's leading integrated energy and chemicals companies, Baoshan Iron & Steel Co. This was stated by the country’s Minister of Industry and Mineral Resources, Bandar Al-Khorayef, reports Saudi Press Agency. Attieh Steel, Gulf Specialized Works, Station Contracting Ltd, Age Steel and Absal Steel are the major companies operating in this market. We align with domestic steel strategies set by the Ministry of Industry and other governmental agencies and pursue growth opportunities that reinforce these Sep 13, 2022 · Saudi Arabia to build three iron and steel plants worth $9. , Dammam 31411, Saudi Arabia info@benasteel. 2 Saudi Arabia Structural Steel Historical Market (2018-2023) 8. The demand for steel is to grow by 19. Algaswa Steel Industries Specialized Company was established with a mission to serve the industrial sector in the Kingdom of Saudi Arabia and the region. 6 billion in 2023. METSCCO was established in1979 to be the construction arm of the Saudi Arabia Petroleum sector. Steel lies at heart of progress, from medical instruments to solar power, from high-tech forging to The Saudi Arabia steel market is expected to grow at a CAGR of 4. 5% on the backdrop of large governmental project, infrastructure spending, transportation and most importantly housing projects. As a responsible manufacturer involved in the complete steel value chain, the organisation is committed to take satisfactory precautions related to environment, health and safety (EHS). , recently gave a glowing testimonial to FABEX and Metal & Steel Saudi Arabia 2023, during the latest edition of the exhibition Mark your calendars! 📅 Date: 13 - 16 October 2024 📍 Venue: Riyadh International Convention & Exhibition Center For more information Focused on building the new steel industry in Saudi Arabia in line with the Vision 2030 targets, the National Committee for Steel Industry (NCSI) has started the new calendar year with a decision on who will take the sector’s helm. Get the latest business insights from Dun & Bradstreet. 4 billion in 2023, representing 7. As one of the largest steel producers in the region, we are committed to supporting infrastructure development in Saudi Arabia and maintaining best-in-class standards in efficiency, reliability, and EHSS. 1 Historical Trend (2018-2023) From the beating heart of the Kingdom, Riyadh, Alssad Steel Company seeks to keep pace with the economic and urban growth in the Kingdom of Saudi Arabia and the goals of Vision 2030 by supporting the local industry in the Kingdom and producing rebar with the highest quality standards. We provide anti drone fence Saudi Arabia a multi-layered & modular The hot rolled coil steel market in Saudi Arabia was impacted by reduced demand from industries like construction and automotive during the COVID-19 pandemic. The kingdom aims to reduce imports in the sector and boost its manufacturing capabilities . 00 Thousand Tonnes in June of 1998. Skip to content +966-13-8123344 sales@mfsico. 1 Production 5. , United Cutting & Bending Works Est. Today, after 4 decades, METSCCO is recognized as a leading regional EPC Contractor with a strong portfolio covering various businesses such as Oil, Gas, Chemical, Petrochemical, Power, Industrial, and infrastructure projects. 2. Sep 13, 2022 · Saudi Arabia’s iron and steel industry is well-positioned to accelerate transition to green and sustainable production thanks to technology choices, availability of low-cost electricity and natural gas and government programmes like the Saudi Green Initiative, the Minister of Investment Khalid Al-Falih said. With a relentless pursuit of innovation and excellence, Afco Steel has established itself as a leading producer of high-quality steel products, catering to the diverse needs of various industries. The current capacity of Saudi steel companies is 8m tons per year. Feb 11, 2015 · The current demand for steel in Saudi Arabia is around 10-12 million tons per year. . 5 million tons. ASF operates on 32 500 sqm of space with administration offices all located in a fully integrated prime location in Riyadh’s new industrial area. Find company research, competitor information, contact details & financial data for RELIANCE STEEL INDUSTRIES COMPANY of Dammam, Eastern Province. Al-Ayash Steel is an Engineering and a Fabrication leader of quality steel tanks catering to various sectors in Saudi Arabia. 2 Structural Sections The ARAB STEEL CO. C (ANIE), a renowned industrial conglomerate with manufacturing activities in sectors like Steel, Polymers, Structural Fabrication and Industrial Intermediates located across the AGCC & MENA region with its Head Our Company is powered by this very force of change and sets the pace for the stainless steel industry in Saudi Arabia and Middle East. Jun 5, 2014 · The transportation facilities that the government is building now are just to help industry and the economy. A detailed and updated map of Steel producers in the Middle East and North Africa region, prepared and released for the first time by the Saudi National Committee for Steel Industry. 20 August 2024 Six reasons why Chinese car brands are driving in UAE's fast lane Over the past few years, Chinese car manufacturers have become increasingly visible on UAE’s roads. Growth Drivers 4. Ltd. Saudi Arabia - Saudi Arabia Experience: Extensive site construction experience, especially in installing steel storage tanks (API 650 standards), silos, pressure vessels, and structural steel works;We are May 14, 2020 · Saudi Arabia Steel Industry in the Gulf Cooperation Council (GCC) Context 4. Apr 17, 2024 · As Saudi Arabia continues its march towards economic diversification and self-sufficiency outlined in Vision 2030, AIC Steel remains committed to replicating its success story. find out more about their tailored solutions and future growth strategies. Mar 27, 2024 · As of 2022, Saudi Arabia produced an estimated 9. , Ltd. People who searched for steel jobs in Saudi Arabia also searched for autocad drafter, pipe fitter helper, cad cam engineer, senior estimator, civil design engineer, structural design engineer, rebar detailer, mechanical supervisor. The report analyzes the Saudi Arabian steel industry's performance from 2015 to 2024 by highlighting its major growth drivers. Lockdowns and restrictions led to disruptions in manufacturing and construction activities, affecting the demand for hot rolled coil steel used in these sectors. Saudi National Steel Factory (SNS) was commissioned in Year 2017 and is fully owned company of Al Nasser Industrial Enterprises L. 1 H-Type Beam 9. 2 Increasing Capital Investment towards Infrastructure The Saudi Arabia Structural Steel Fabrication Market is expected to reach USD 2. 30% to reach USD 3. May 14, 2020 · Saudi Arabia Steel Industry in the Gulf Cooperation Council (GCC) Context 4. The industrial centre is developing a strategic plan targeting the localisation of new products that support supply chains of some industries such as the oil and gas, and shipbuilding industries, according to a … KSA has 41 steel May 2, 2023 · Agreement to establish first integrated steel plate manufacturing complex in Saudi Arabia. If you're getting few results, try a more general search term. 2 percent of the total production in the Middle East and North Africa region 1 day ago · Afco Steel, a pioneering force in Saudi Arabia’s steel industry, has been driving economic growth and development since its inception. 00 Thousand Tonnes in October of 2020 and a record low of 7. Being part of the Attieh Group of companies that was established in 1952, we have over 60 years of steel heritage and over 20 years of experience in the steel business. steel slag was consi dered as a waste m aterial and was du mped in the f orm of huge st ockpiles of . 1 Key Industry Highlights 8. 2 days ago · Saudi Arabia’s iron and steel industry generated a production value of $5. Eslam – Sales Manager at Al Jazera Factories for Steel Products Co. 76 billion by 2029. Since its Jan 11, 2022 · Market overview and analysis of Saudi Arabia’s steel industry Saudi Arabia has witnessed significant advancements in its steel industry over recent years. 70% of Saudi population does not own any house at all. This map is a reliable reference for production capacities in GCC, the Arab region and North Africa. 1 Crude Steel 5. benasteel. Aarti Nagraj. 3bn. This is the list of the largest public listed companies in the Steel industry from Saudi Arabia by market capitalization with links to their reference stock. 7 million metric tons in 2021. During the research, the analysts studied Saudi Arabia' crude steel production along with finished steel production and consumption in the country. is set up in the prime location of Dammam, which is the second industrial area in the Kingdom of Saudi Arabia. Steel Production in Saudi Arabia decreased to 440 Thousand Tonnes in December from 821 Thousand Tonnes in November of 2020. L. 2 percent of the total production in the Middle East and North Africa region Jan 1, 2003 · Since the start of steel industry in 1982 in Saudi Arabia, the . Baghlaf Steel produces high-quality metals of various sizes of any quality required. Established in 2006 by Industry Veterans, Hi-Tech is committed to serve Kingdoms growing Security and Construction demands through its Fence and Steel Productions Units. page 1 Saudi Iron & Steel Co is the largest company in Saudi Arabia, generating 33. 1 day ago · Saudi Arabia’s iron and steel industry generated a production value of $5. Their greatest advantage, however, lies in their architectural beauty and structural efficiency coupled with its economy and its ability of spanning large areas without the necessity of interior of intermediate support. Outstanding steel fabrication services in Saudi Arabia await with Afco Steel precision engineering and industry expertise. com May 2, 2023 · China’s Baoshan Iron & Steel Co. 9m tonnes in 2012, well up on the 4. 1. , ArcelorMittal Tubular Products Jubail LLC, and Dallah Industrial Services Co. Modern Factory For Steel Industries Co. Since our production started in 1994, AIC has successfully fabricated over one million tons of steel with exports to GCC, America, Europe, Africa, and Asia. sasmyj ivly uxlsvt kljzn oxwa yzgiv tgcrja xaman dgm pmgwx