Rajhi Steel

What Rajhi Steel does

Rajhi Steel (legally Saudi Iron and Steel Company, also operating as Rajhi Steel Industries Limited) is a privately held Saudi steel manufacturer founded in 1984 by the late Sheikh Mohammed bin Abdulaziz Al-Rajhi as part of the Mohammed Abdulaziz Al-Rajhi & Sons family group. Headquartered on Al-Takhassusi Street in Olaya, Riyadh, the company operates multiple specialized plants — including production sites in Jeddah and Al Kharj — running at an annual capacity exceeding two million tons, ranking it among the Top 3 steel manufacturers in the Middle East and one of the largest in the MENA region.

The company's product portfolio is unified around three core lines: Rebars Reinforcement Steel (high-tensile deformed bars in sizes 8-40 mm, yield strength ≥460 N/mm², tensile strength ≥506 N/mm²), Plain Wire Rod (hot-rolled carbon steel in 5.5-16 mm diameters for downstream manufacturing), and Rebar Coils (6-16 mm high-strength coils with tensile strength ≥500 N/mm²). All products carry multi-standard compliance with SASO, ASTM, and BS specifications and are backed by ISO 9001, ISO 45001, ISO 50001, CARES, and BRE Global certifications. Rajhi Steel sells through a direct enterprise sales force serving government and large infrastructure clients — including Saudi Aramco, SABIC, Saudi Binladin Group, KAFD, DAMAC, KAUST, and Green Riyadh — alongside its retail sub-brand Benna, which operates branches across at least eight Saudi cities. Pricing is quote-based by product, size, grade, and order volume, and revenue is generated through wholesale and retail hardware sales into the local, Gulf, and broader Arab region markets.

Name

Rajhi Steel

Legal name

Saudi Iron and Steel Company

Website

https://rajhisteel.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Rajhi Steel is a privately held Saudi steel manufacturer (founded 1984) producing rebars, wire rod, and rebar coils at over 2 million tons annual capacity, serving construction contractors, government infrastructure projects, and industrial buyers across Saudi Arabia, the Gulf, and the broader Arab region.

Ownership category

akta.pro rank

Product category

Steel Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (331110), Steel Product Manufacturing from Purchased Steel (3312)

akta.pro primary industry

Rebar Fabrication & Reinforcing Products (IMADACAH)

akta.pro secondary industry

Integrated Steelmaking (BF-BOF) (IMAKABAA)

Keywords

• Steel manufacturing
• Reinforcement steel rebars
• Wire rod production
• Rebar coils
• Construction steel products

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices15 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Steel Products Sales: Direct sales of premium reinforcement steel rebars, plain wire rods, and rebar coils to construction and industrial customers. Revenue generated through wholesale and retail channels across local, Gulf, and Arab region markets.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Rajhi Steel manufactures reinforcement steel rebars (8-40 mm, yield strength ≥460 N/mm²), hot-rolled plain wire rod (5.5-16 mm), and high-strength rebar coils (6-16 mm) across multiple specialized plants in Saudi Arabia. The company produces steel products compliant with SASO, ASTM, and BS standards, supplying construction firms, industrial manufacturers, and government infrastructure projects with annual production capacity exceeding 2 million tons.

Product overview

Rajhi Steel is a steel manufacturing company that operates as a unified product portfolio of three core steel product lines: Rebars Reinforcement Steel (high-tensile deformed steel bars for reinforced concrete), Plain Wire Rod (hot-rolled carbon steel wire rod for industrial applications), and Rebar Coils (high-strength deformed steel coils for modern reinforcement processing). The company produces these products across multiple specialized plants utilizing state-of-the-art technologies, with an annual capacity exceeding two million tons. All products meet Saudi (SASO), American (ASTM), and British (BS) standards.

Differentiator

Problem solved

Functional benefit

Brands

• Benna: Official retail sales arm of Rajhi Steel providing products through branch locations across the Kingdom of Saudi Arabia.

Products and services

• Rebars Reinforcement Steel High-tensile deformed steel bars used in reinforced concrete structures, produced with precision to ensure excellent bonding strength, dimensional accuracy, and long-term durability. Available in sizes 8-40 mm with yield strength ≥460 N/mm² and tensile strength ≥506 N/mm², for construction firms, contractors, and infrastructure developers.
• Plain Wire Rod Hot-rolled plain carbon steel wire rod manufactured in diameters from 5.5 mm to 16 mm with excellent ductility and machinability. Used for wire drawing, nails, mesh, fencing, bolts, and fasteners by industrial manufacturers. Yield strength 210-310 N/mm² and tensile strength 350-450 N/mm².
• Rebar Coils High-strength deformed steel coils designed for modern reinforcement processing systems, available in diameters from 6 mm to 16 mm. Provide flexibility in fabrication, welding, and cutting operations with consistent coil geometry for smooth unwinding. Tensile strength ≥500 N/mm² and carbon equivalent ≤0.52%.

Quantifiable outcome

• Annual production capacity exceeding 2 million tons
• +4 more outcomes

Named customers23 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Hadeed (SABIC): Saudi Arabia's other major integrated long-products steelmaker and subsidiary of SABIC. Closest domestic competitor to Rajhi Steel, producing rebar, wire rod, and sections for the same Saudi construction and industrial customer base.
• Ezz Steel: Egypt's largest steel producer and a top MENA rebar manufacturer. Comparable in scale and rebar-focused product mix, serving North African and Arab-region construction demand that overlaps with Rajhi's geographic footprint.
• Emirates Steel Arkan: UAE's largest integrated steelmaker producing rebar, wire rod, and heavy sections. Directly comparable to Rajhi in product mix (rebar/wire rod) and GCC construction customer segments, with overlap in mega-project supply.
• Qatar Steel: Qatar's integrated steelmaker producing rebar, wire rod, and billets. A regional peer in the GCC competing for similar Gulf construction and infrastructure contracts with overlapping product specifications.
• Al Ittefaq Steel Products: Saudi-based steel producer specializing in rebar and wire rod. A direct domestic competitor to Rajhi within the Kingdom, serving the same construction and industrial channels.

Broad incumbents

• ArcelorMittal: World's largest steel producer with significant rebar and long-products capacity globally. Sets the benchmark for cost curve and product certifications relevant to Rajhi's specification-grade strategy.
• Tata Steel: Global integrated steelmaker with substantial rebar and wire rod operations, including in the Middle East via Tata Steel's regional distribution. Competitor on certification-grade supply and benchmark for green steel transition.
• Metinvest: Major Ukrainian vertically integrated steel and mining group with significant rebar and long-products output. Comparable in product mix and a meaningful exporter into MENA construction markets.

Regional players

• Suez Steel Company: Egyptian integrated steelmaker producing rebar and billets. Comparable in long-products focus but primarily serves Egyptian and African markets; partial geographic overlap with Rajhi's Arab-region footprint.

Emerging players

• Turkish steel producers (e.g., İçdaş, Kardemir): Turkey-based integrated and rebar-focused mills are among the largest exporters into MENA markets. They are frequent cross-border competitors to Rajhi in Gulf rebar pricing and supply.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/904722
• Xx.com/rajhisteel

Compliance10 records

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&A

Investments

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

Frequently asked questions about Rajhi Steel