According to the report titled ‘Middle East Long and Flat Steel Products Market (Value, Volume) - Analysis By Product Type, End User, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)’ available with the Market Study Report, Middle East long and flat steel products market was worth USD 19.2 billion in 2020 and is anticipated to see a significant growth over 2021-2026.
 

Heavy investments by the government in various construction and infrastructure projects to complement the increase in population, coupled with focus on improving public services and transportation are driving spurring the growth of Middle East long and flat steel production market.  
 

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Also, emergence of technologies such as Artificial Intelligence (AI), Big Data, and IoT and their subsequent usage in manufacturing industries is considered as lucrative growth prospect for the market.
 

With restraints such as global protectionism, sluggish demand, drop in selling prices ,and rise in raw material prices in play, the steel producers need to focus on improvising the supply chain processes, reducing operation costs, and stepping up the customer service, thereby amplifying their profit inflow and boosting Middle East long and flat steel products industry valuation.
 

Highlighting the geographical landscape, Saudi Arabia, Qatar, Iran, Bahrain, Oman, Kuwait, and U.A.E are nations studied in detail in the report to understand the market scenario. Information about the value & volume accounted for by regional industry, alongside growth rate and valuation projections. Also, top re-rollers and traders are enlisted in the report.
 

Established firms influencing Middle East long and flat steel products market dynamics are Qatar Steel, Hadeed (SABIC), United Steel Industrial Company (KWT Steel), Rajhi Steel Industries Ltd., Al Ghurair Iron & Steel LLC, Emirates Steel Company LLC, Al-Ittefaq Steel Products Company, and Mobarakeh Steel Company.