RNCOS, a market research consulting Services Company indicated that Saudi Arabia's steel consumption witnessed a double-digit growth in 2011 and the country's apparent steel consumption is expected to raise at a CAGR 19.5% during 2012 through 2015.
The long products, including rebar, bar, wire and rod, etc. acquired the major share in the production and consumption in Saudi Arabia.
Among them, rebar steel dominated the total finished steel consumption, driven by the huge numbers of ongoing infrastructure and construction projects in the country.