to download the complete report - GulfBase.com
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Steel Sec<strong>to</strong>r<br />
» Saudi Arabia has six major steel <strong>com</strong>panies.<br />
» No steel <strong>com</strong>pany is listed on <strong>the</strong> Tadawul S<strong>to</strong>ck Exchange.<br />
» However, inves<strong>to</strong>rs can get exposure <strong>to</strong> <strong>the</strong> steel sec<strong>to</strong>r through SABIC which<br />
owns 100% of Hadeed Steel.<br />
» Hadeed steel, located in <strong>the</strong> Industrial city of Jubail, is <strong>the</strong> largest integrated steel<br />
producer in Saudi Arabia with a capacity of 2.2mn tpa of flat and 3.3 mn tpa of<br />
long products.<br />
Company Category Capacity<br />
Hadeed steel (SABIC) Primary metal Flat 2.2mn tpa Long 3.3mn tpa<br />
Ittefaq steel mills Fabricated metal 1.2mn tpa of steel bars<br />
Al-Rajih steel Primary metal 0.8mn tpa of reinforcement bars, 0.8mn tpa billets<br />
United Gulf steel Fabricated metal 0.5mn tpa of steel<br />
Attieh steel Fabricated metal 0.6mn tpa of steel<br />
Al-Azizia Steel <strong>com</strong>pany Ltd. Primary metals Steel billets 0.5mn tpa Rebars 0.1mn tpa<br />
Source: Zawya, Company Websites & Global Research<br />
Global Investment House 65 Saudi Arabia Economic Overview - January 2009
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