Steel Production in Saudi Arabia increased to 399 Thousand Tonnes in November from 331 Thousand Tonnes in October of 2019. Steel Production in Saudi Arabia averaged 311.16 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. source: World Steel Association

Steel Production in Saudi Arabia is expected to be 440.00 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 480.00 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.


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Saudi Arabia Steel Production

Actual Previous Highest Lowest Dates Unit Frequency
399.00 331.00 558.00 7.00 1988 - 2019 Thousand Tonnes Monthly
Volume, NSA

Saudi Arabia Business Last Previous Highest Lowest Unit
Business Confidence 3.00 -12.00 63.00 -12.00 points [+]
Manufacturing PMI 56.90 58.30 61.80 51.40 points [+]
Industrial Production 1.40 2.34 25.87 -24.93 percent [+]
Changes in Inventories 59784.00 22332.00 64489.00 -51388.00 SAR Million [+]
Internet Speed 6705.52 6321.15 6705.52 1242.08 KBps [+]
IP Addresses 3510242.00 3551866.00 4339235.00 177395.00 IP [+]
Industrial Production Mom -4.28 7.54 7.54 -4.54 percent [+]
Manufacturing Production -10.90 3.71 21.50 -10.90 percent [+]
Mining Production 7.30 3.39 7.30 -6.75 percent [+]
Crude Oil Rigs 55.00 56.00 81.00 11.00 [+]
Competitiveness Index 70.03 67.50 70.03 4.54 Points [+]
Competitiveness Rank 36.00 39.00 41.00 17.00 [+]
Ease of Doing Business 62.00 92.00 96.00 10.00 [+]
Corruption Index 49.00 49.00 52.00 33.00 Points [+]
Corruption Rank 58.00 57.00 80.00 46.00 [+]
Steel Production 399.00 331.00 558.00 7.00 Thousand Tonnes [+]