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Saudi Arabia Metals Report 2015

Saudi Arabia Metals Report 2015

BMI View: Saudi Arabia's metals sector is poised for rapid growth in terms of consumption over the nextfew years as a booming construction industry stokes demand for steel and aluminium as well as well as keybase metals such as iron ore. While domestic output will continue to grow at a steady pace, we expect thecountry's output gap to widen across the main metals sub-sectors, leaving the country ever more reliant onimports to meet demand.

During 2015, Saudi Arabian metals producers will struggle increasingly to meet the growing demands ofthe country's construction sector and wider economy. The country is in the middle of an infrastructure boomwith the Saudi government funnelling increasing levels of investment into the housing sector in particular asit looks to reduce a significant shortfall in affordable housing. Meanwhile, the new economic citiesprogramme continues to support rapid growth in infrastructure spending as Riyadh looks to support thedevelopment of the non-oil economy. Increased capacity across the domestic metals sector will go someway to supporting this demand with Saudi Basic Industries Corp (SABIC) set to significantly expandproduction at one of its largest refineries over the next few years. Meanwhile, December 2014 saw SaudiArabian mining company Ma'aden's begin commercial operations at its aluminium smelter at Ras al-Khair,which it owns as part of a joint venture (JV) with US-based Alcoa.


BMI Industry View
SWOT
Metals SWOT
Industry Forecast
Steel: Construction Growth To Drive Consumption
Output Gap
Table: Steel Production & Consumption (Saudi Arabia 2012-2019)
Table: Steel Industry Historical Data (Saudi Arabia 2007-2012)
Aluminium: Production Yet To Meet Consumption Needs
Regulatory Development
Legal Framework
Tax Regime
Table: Saudi Arabia - Political Overview
Commodities Forecast
Table: BMI Steel Price Forecast
Market Balance: Declining Surpluses In Years Ahead
Table: Steel Forecasts
Commodities Forecast
Table: BMI Steel Price Forecast
Table: Steel Forecasts
Competitive Landscape
Table: Middle East - Largest Listed Metal Producers
Company Profile
SABIC
Company Strategy
Table: SABIC - Financial Results
Methodology
Cross Checks

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