Opportunity Assessment of Steel Service Centers in the Middle East

Macro trends in the Middle East and North Africa, namely, economic diversification from non-oil segments, rising urbanization, socio-economic reforms, and development of infrastructure, have aided in the rising demand for steel. The Arab Spring revolution will continue to shape the development of the region. Steel service centers (SSC) are the preferred delivery route for steel, as they offer customers convenience and flexibility in quantity and sizes. SSC helps reduce lead times and processing costs. Key end-user segments are manufacturers of consumer durables, construction, electrical equipment, and storage tanks. Steel is an indicator of a nation’s development and, therefore, SSC will aid in shaping MENA’s economy.