GCC Steel Market

GCC Steel Market Report Description

The Gulf Corporation Council (GCC) steel market is well-poised to witness a surge in demand driven by project expansions and the development of new ones, which the report illustrates with several examples of megaprojects and high-rise towers that are either under construction or in the planning stages. Using a bottom-up approach, a total market size for 2023, has been extrapolated by studying the production capacities of steel companies, assessing regional market shares, and understanding price trends and product offerings. Technological innovation driving the GCC steel industry has also been covered in the report.

Along with insights on the GCC steel market potential, the report provides an overview of the economic landscape across GCC countries and assesses the impact macro-economic factors, such as interest rates, inflation, and monetary policies can have on overall market sentiment. The report also delves into the steel value chain and analyses market characteristics leveraging PESTLE (Political, Economic, Social, Technology, Legal, and Environmental) analysis and Porter’s 5 forces.

The strategic development section of the report highlights companies involved in strategic initiatives such as partnerships, acquisitions, and those launching new facilities. The 91-page report includes a competitive landscape section providing an overview of the companies covered and their product offerings. The report concludes by uncovering the export-import trade value data at a GCC country level.

Competitive Landscape (Companies Covered)

• Emirates Steel Arkan
• SULB
• Riyadh Steel Co.
• Kuwait Steel
• Qatar Steel
• Gulf Steel Industries Co. Ltd.
• Muscat Steel Company
• Madar Building Materials
• Watania Steel
• Al Ittefaq Steel Products Co.

Other Data included in the report:

• GCC Construction Building Sector Projects Value, 2023
• Companies that announced building projects in 2023
• Companies that awarded building projects to contractors in 2023
• Top building projects awarded to contractors in 2023
• Top building projects expected to be awarded to contractors in 2024
• Top contractors that bagged building projects in 2023
• GCC Countries Steel Export-Import Trade Value Data
• United Arab Emirates
• Kingdom of Saudi Arabia
• Qatar
• Bahrain
• Kuwait
• Oman