A sustained economic and construction boom triggered by soaring oil prices has given a strong push to the steel industry in Saudi Arabia and strong demand has boosted prices to one of their highest levels. The National Commercial Bank in a study on Saudi Arabia's steel industry which was sent to Emirates Business said that despite hectic competition from imported steel, the local industry is projected to continue flourishing because of surging demand as the kingdom is pushing ahead with projects worth more than USD 460 billion including a major steel railway linking its east and west.
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