Africa's Steel Boom: Construction & Infrastructure Drive Growth and Market to Reach 51.86 Million Tons by 2032 (3.1% CAGR). #AfricanSteel #SteelIndustry #SteelMarket #AfricaBusiness #InfrastructureDevelopment
The future outlook of the steel industry looks like there's very much room for expansion and also innovation. Cannot wait to see more!
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Concerning article on the state of the steel industry in South Africa. Steel fabricators are set to continue fighting an uphill battle in months to come. The impact that steel supply will have on the construction industry will certainly be felt throughout the economy and planned developments. This represents another unique opportunity for Timber construction, as the engineered timber industry grow's its capabilities to compete in strength-to-weight, span and cost. At this stage it may not simply be a question of convincing the industry of switching to a more ecologically responsible material. It may simply be a necessity. https://lnkd.in/eeh_HUBx
🌟 Saudi Arabia's Steel Industry is Booming! 🚀 A recent study by Glasgow Research & Consulting reveals that Saudi Arabia's steel industry is thriving, thanks to Vision 2030 and massive infrastructure projects. Key insights include: 👉 Growth Projections: Finished steel products demand is set to grow at a CAGR of 3.9% from 2023-2026. 👉 Mega-Projects: NEOM, Red Sea, Qiddiya, and Diriyah drive significant demand. 👉 Market Segments: 👉 Rebars: 9.8M tonnes in 2023, CAGR 5.4% 👉 Wire Rods: 1.5M tonnes in 2023, CAGR 4.4% 👉 Hot Rolled Coils (HRC): 1.3M tonnes in 2023, CAGR 3.4% Saudi Arabia's commitment to infrastructure and economic diversification is fueling this growth. Read the Full Blog: https://lnkd.in/d4rv3yx2 For a detailed analysis of market trends, key players, and growth opportunities, check out the full reports by Glasgow Research & Consulting. Contact us at info@glasgowinsights.com or visit www.glasgowinsights.com for more information. 📊 Glasgow Research & Consulting - Market Growth Catalyst! #GlasgowResearchConsulting #GRC #MarketResearch #MarketingIntelligence #Marketstudy #GoToMarket #Consulting #MarketEntry #SaudiSteel #Vision2030 #SteelIndustry #EconomicGrowth #InfrastructureDevelopment #MarketInsights #SaudiArabia
Project Manager in Qingdao XinGuangZheng steel structure group, we do steel structure for warehouse, factory, workshop, office, supermarket, exhibition hall, hangar, and so on.
Another project in Africa! #steelstructure #steel #metalbuilding
Despite continuous injuries to steel demand from ailing construction sector, the participants linked to the industry at last has given positive outlook for the flat steel demand for 2024. However, any improvement in flat steel products is not construction sector linked rather manufacturing sector. The flat steel demand recovery in manufacturing sector will be led by energy, shipbuilding, and transportation sector which is expected to be in range of 3.9 -16 percent in 2024. However, the steel long products demand will shrink on sustained debts pressure looming on construction and infrastructure developers. Read complete analysis on - https://lnkd.in/gK2RCF79
Building The Country From The Ground Up 👷🚧 According to the IMARC Services Private Limited Group, South Africa’s white cement market size is expected to reach 28,995.6 tonnes by 2028. Infrastructure projects such as highways, bridges, stadiums, and residential and commercial complexes all contribute to the growth of the cement sector. CEMENT & CONCRETE SA (CCSA), a consolidated body taking the lead on all matters relating to cement and concrete in the country, stated that the cement industry has been under huge pressure due to different factors. “In addition to the general economic downturn the sector was hit hard by the COVID-19 pandemic lockdown and is now confronted by construction mafias that have sprung up across the country, which has a direct impact on the cement and concrete sectors.” - CCSA. For more info, read the full article from the latest edition here: https://hubs.la/Q02g_-JY0 #Construction #Cement #EconomicGrowth #Top500 #Publication #TopcoMedia
Good news for UK construction – materials costs remain very weak, with big declines in glass and cement in today’s numbers. Learn more about commodity prices at https://okt.to/gXKF9Y #uk #constructioncosts #construction #Commodities
Saudi Arabia Prefabricated Building and Structural Steel Market Share, Size, Growth, and Forecast 2024-2032 | IMARC Group The Saudi Arabia prefabricated building and structural steel market size reached US$ 1,758.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,513.6 Million by 2032, exhibiting a growth rate (CAGR) of 3.9% during 2024-2032. Request a Sample Report: https://lnkd.in/gTeyAtUx The market in Saudi Arabia is majorly driven by rapid urbanization and infrastructure development initiatives Read Also: https://lnkd.in/gRgj3Rsy #PrefabricatedBuildingStructuralSteel #ChemicalMaterials #IMARCGroup #MarketResearchReport #MarketReport #IndustryReport #Business #MarketResearch #MarketStrategy
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As of 2024, the bitumen and road construction market is experiencing several fluctuations driven by various factors: 1. Price Volatility: Bitumen prices are fluctuating due to changes in crude oil prices, geopolitical tensions, and supply chain disruptions. Higher oil prices generally lead to increased bitumen costs. 2. Demand Variations: There is fluctuating demand in different regions based on infrastructure projects, government spending, and economic conditions. Emerging markets often drive demand due to large-scale road development projects. 3. Technological Advances: Innovations in road construction, such as the use of recycled materials and improved bitumen formulations, are influencing market dynamics and could impact costs and demand. 4. Regulatory Changes: Environmental regulations and sustainability goals are leading to shifts in the types of bitumen products used and influencing market trends. 5. Economic Conditions: Economic growth or recession can affect infrastructure spending and, consequently, the bitumen market. These factors contribute to the market's variability, making it essential for stakeholders to stay informed about global and regional developments. what is your thought ....?
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2wSteel remains at the core of Infra & with its upsurge in Africa, the continent is poised to witness all-round development!