GCC Structural Steel Fabrication Market Size, Share, Growth Analysis, By Service(Metal Welding, Metal Forming, Metal Cutting, Metal Shearing), By Application(Construction, Automotive, Manufacturing, Energy & Power), By Region - Industry Forecast 2024-2031

The top players in the GCC structural steel fabrication market are responsible for the demand of the market. The market is dominated by small and medium-sized firms, making it highly competitive and fragmented. As a result, the companies in the region struggle fiercely for a limited market share. For instance, a new structural steel fabrication facility has been established in Uttar Pradesh, India, by Salasar Techno Engineering, a steel fabrication firm with headquarters in India. High-precision robotic multi-torch CNC plasma cutting machinery is present at Salasar's new facility. For power plants, metro stations, bridges, PEB buildings, warehouses, airport hangars, high-rise structures, and process plants, the factory will create heavy structural steel.

GCC Structural Steel Fabrication Market Top Player’s Company Profiles

• Emirates Steel
• ArcelorMittal
• Saudi Iron and Steel Company (Hadeed)
• Qatar Steel
• Al Yamamah Steel Industries Co.
• Conares
• Gulf Steel Works
• Hamriyah Steel
• RAK Steel
• Al Shahin Metal Industries
• Tiger Steel Engineering LLC
• Gulf Steel Industries Co. Ltd.
• Saudi Arabia Steel Industries Co. Ltd. (SABIC)
• Al Ashrak Group
• Qatar Technical Steel Fabrication & Engineering
• Al Khaleej Steel Industries LLC
• NAdiA Steel Construction and Contracting LLC
• Muscat Steel Industries Co. LLC
• Kuwait Steel
• National Steel Co.

GCC Structural Steel Fabrication Market Recent Development

• In March 2022 Ryerson (NYSE:RYI) announced it acquired Apogee Steel Fabrication . The Mississauga, Ontario-based sheet metal fabricator serves customers in Canada and the U.S. Apogee provides complex fabrication assemblies in stainless steel, aluminum, and carbon sheet, said Ryerson in the transaction announcement. 

• In September 2022, Indian steel giant Tata steel announced the merger of listed and unlisted companies mainly to derive business synergies and also to reduce and simplify the Tata Group's steel business structure. The merging seven companies are: 1. Tata Steel Long Products (NS:TTST) Limited, A2. The Tinplate Company of India (NS:TINP) Limited, 3. Tata Metaliks (NS:TMET) Limited, 4. TRF Limited, 5. The Indian Steel & Wire Products Limited, 6. Tata Steel Mining Limited and 7. S & T Mining Company Limited.

• In February 2022, according to Moody's, Tata Steel's acquisition of NINL will increase long-steel production. TSL anticipates using a combination of internal accruals and loans to pay for the transaction. Even so, TSL's financial metrics have enough room for the proposed acquisition even with a rating downgrade leverage level.