Saudi Iron and Steel Company (Hadeed)

Name

Saudi Iron and Steel Company (Hadeed)

Legal name

Saudi Iron and Steel Company

Website

https://hadeed.com.sa

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Steel Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (331110), Rolled Steel Shape Manufacturing (331221), Primary Metal Manufacturing (331)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310), Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (3312)

akta.pro primary industry

Hot Rolling & Primary Mills (Plate, Hot-Rolled Coil/Sheet, Strip) (IMAKABAE)

akta.pro secondary industries

Integrated Steelmaking (BF-BOF) (IMAKABAA), Steel Products Trading & Service Centers (Flat, Long, Pipe & Tube, Rebar) (IMAKAJAB)

Keywords

• Hot-rolled steel products
• Flat steel manufacturing
• Iron and steel production
• Industrial steel products
• Steel mill operations

Headquarters

HQ city

Jubail

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Personnel

Revenue model

1. Steel Products Sales: Hadeed generates revenue through the manufacturing and sale of steel products, including hot-rolled steel, flat steel, and other steel products to customers in Saudi Arabia and the MENA region. Revenue is derived from domestic sales for infrastructure and energy projects as well as export markets.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Saudi Iron and Steel Company (Hadeed) manufactures hot-rolled and flat steel products at its industrial facilities in Jubail, Saudi Arabia, supplying construction, infrastructure, automotive, utility, and renewable-energy customers across the MENA region. The company is currently executing a Flat Products Expansion Project (FEED phase contracted to Idom in February 2026) aimed at boosting flat steel capacity and streamlining logistics, and it expanded by acquiring Rajhi Steel in July 2024. Revenue is generated through direct sales of manufactured steel products to industrial buyers.

Product overview

Saudi Iron and Steel Company (Hadeed) is a steel manufacturing company producing hot-rolled and flat steel products at its industrial facilities in Jubail, Saudi Arabia. The company operates as a primary steel producer within Saudi Arabia's industrial sector, with current production capabilities and an ongoing Flat Products Expansion Project (FEED phase awarded to Idom) designed to increase flat steel production capacity. The product portfolio centers on flat and hot-rolled steel products serving infrastructure, construction, and energy sector demand across the MENA region.

Differentiator

Problem solved

Functional benefit

Products and services

• Hot-Rolled Steel Products Hot-rolled steel products manufactured by Hadeed at its Jubail industrial facilities, supplied to industrial buyers, construction firms, and energy-sector operators for infrastructure and manufacturing applications across the MENA region.
• Flat Steel Products Flat steel production at Hadeed's Jubail industrial complex, targeted at industrial customers for construction, infrastructure, automotive, utility, and renewable-energy applications in the MENA region; currently being expanded under the Flat Products Expansion Project.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• IdomcoreImplementation/ SI/ Consulting Partner · 3 February 2026Idom, a multinational consulting, engineering and architecture firm, has been awarded the Front-End Engineering Design (FEED) phase contract for Hadeed's Flat Products Expansion Project. The project will be executed at Hadeed's existing industrial facilities in Jubail city and aims to boost flat steel production capacity while streamlining logistics operations. This collaboration is positioned as a milestone in Saudi Arabia's steel manufacturing sector.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Regional players

• Ezz Steel: Egypt's largest steel producer and one of the largest MENA steelmakers. Operates integrated and EAF steelmaking for rebar, flat steel, and sections across MENA markets; comparable in scale and product mix though Egypt-focused.
• Tosyalı Holding: Turkish integrated steel producer with significant MENA footprint, producing flat steel, pipe, and construction steel. Comparable as a regional integrated producer targeting infrastructure and energy demand across MENA.

Broad incumbents

• Steel Authority of India Limited (SAIL): Indian state-owned integrated steel producer with broad flat and long product portfolio. Comparable as a large incumbent whose export volumes into MENA directly affect regional steel pricing dynamics.
• Tata Steel: Global integrated steel producer with significant flat steel capacity and a growing MENA/EM presence. Comparable as a large incumbent with overlapping product mix (flat, construction steel) and infrastructure customer base.
• Saudi Basic Industries Corporation (SABIC): Saudi petrochemical and metals conglomerate; Hadeed is widely understood to operate within the SABIC ecosystem. Comparable as a Saudi industrial heavyweight with shared Vision 2030 alignment and customer overlap.
• ArcelorMittal: World's largest steel producer with broad flat and long product portfolios across geographies. Relevant as a global incumbent whose export pricing and capacity decisions materially affect MENA steel markets.

Emerging players

• JSW Steel: Indian integrated steel producer scaling capacity rapidly and exporting into MENA and emerging markets. Comparable as an emerging large-scale integrated player targeting similar construction and infrastructure demand.

Direct peers

• Emirates Steel Arkan: Largest integrated steel producer in the UAE (the #2 MENA market at 23.7% share). Directly comparable to Hadeed as a regional integrated flat and long steel producer serving construction, infrastructure, and energy customers.
• Qatar Steel: Integrated steel producer in Qatar producing rebar, wire rod, and billets for domestic and regional construction. Comparable to Hadeed in integrated steelmaking and serving GCC infrastructure demand.
• Al Ittefaq Steel Products Company (ISPC): Major Saudi-based steel producer (rebar, wire rod, sections) competing head-to-head with Hadeed in the Kingdom's domestic steel market and the wider GCC construction sector.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hadeed-ksa

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Saudi Iron and Steel Company (Hadeed)