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28 Sep 2017 | South Asia, Middle East & North Africa | Market Research
Ferrous Castings Market Outlook in GCC, 2017
Iron and Steel casting demand is expected to grow at 5% mainly driven by demand in Valves, Pumps, Cement, Mining and Aluminium smelters
GCC’s growing economy and Industrialisation are the biggest drivers of ferrous casting demand. Globally there are over 40,000 foundries, GCC on the other hand is at a nascent stage with 0.2 Million MT of production; Infrastructure and construction are the key drivers of consumption & growth. In the next 5 years the overall KSA Ferrous casting indu...
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