It has blamed the poor performance on the five month platinum industry strike that had a marked effect on steel consumption in the South African market.
Domestic steel sales decreased by 13% from 264‚295 tons to 230‚841 tons for the period‚ while production of lump ore had decreased by 7% to 700‚011 tons during the period compared with 754‚ 566 tons a year earlier.
An operating loss of R271m was reported from a profit of R49m and this was mainly attributed to lower equipment availability and poor steel plant and structural mill yields.
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