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SA steel production falls by 11.8% y/y in Feb 2015

South African steel production fell by 11.8% year on year (y/y) to an estimated 500‚000 tons in February 2015 after declining by 9.6% y/y to 550‚000 tons in January 2015‚ according to the World Steel Association (worldsteel).

By Helmo Preuss

24 Mar 2015

Image: www.freedigitalphotos.net

Steel accounts for 4.7% of total manufacturing production and is an important indicator of the overall health of the sector‚ as it feeds into other manufacturing sectors.

This recent reduction followed a 0.6% drop in 2014 to 7.21-million tons (Mt). It also means that Egypt is now Africa's top producer as Egypt grew its production by 8.7% y/y in the first two months to 1.155Mt compared with SA's 1.05Mt. In 2014 Egypt only produced 6.485Mt.

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

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