Steel has become a vital component in the
after the industrial revolution which is followed by rapid urbanization. The demand for steel across the globe is expected to reach 2.0 billion tons by 2035, growing at a CAGR of 1.4 percent, according to Accenture’s report present to OECD. “In my view, a robust steel industry is a must for a nation aiming for top notch benchmark of economy. The Committee of G20 nations which works with an objective of global economic stability and sustainable growth focuses on the growth of the national steel industry. To make this industry flourishing, the best way is to be quick and capitalize on the time, with smart investments aimed at enhancing the performance and align to meet the new needs,” says Rayed Abdullah Al-Ajaji, Chairman of NCSI and CEO of UNICOIL. As the demand for steel is expected to increase year by year, let us examine some of trend shaping the steel industry.