Steel Production in Saudi Arabia increased to 425 Thousand Tonnes in June from 420 Thousand Tonnes in May of 2019. Steel Production in Saudi Arabia averaged 309.89 Thousand Tonnes from 1988 until 2019, reaching an all time high of 558 Thousand Tonnes in January of 2015 and a record low of 7 Thousand Tonnes in June of 1998.
Steel Production in Saudi Arabia is expected to be 455.00 Thousand Tonnes by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Steel Production in Saudi Arabia to stand at 490.00 in 12 months time. In the long-term, the Saudi Arabia Steel Production is projected to trend around 500.00 Thousand Tonnes in 2020, according to our econometric models.