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South African Iron and Steel Institute

Steel News

Global crude steel production declined by 1.0% in February 2023
24 Mar 2023

In February 2023, global crude steel production decreased by 1.0% compared to the same month in 2022 and 8.4% compared to January 2023, reaching 142.4 million tonnes (Mt), according to the World Steel Association (worldsteel). Crude steel production by region Africa produced 1.1 Mt in February 2023, down 11.9% on February 2022. Asia and Oceania […]

South Africa’s economy shrank more than expected in the last quarter of 2022
8 Mar 2023

South Africa’s economy shrank more than expected at the end of 2022 due to server rolling blackouts. The latest real Gross Domestic Product (GDP) data released by Statistics South Africa (Stats SA) on 07 March 2023, shows that the South Africa’s economy shrank by 1.3% in the fourth quarter of 2022, much worse than economists […]

SteelMatters – February 2023
2 Mar 2023

Global crude stainless steel production expected to reach 60 million tonnes in 2023
28 Feb 2023

MEPS forecasts that global crude stainless steel production will reach 60 million tonnes, in 2023. Significant contributors to this growth will be steelmakers in China and Indonesia.   While India is likely to remain the third largest stainless steel producing country next year, its output is predicted to surge by more than ten percent. The authorities […]

World Steel Association: January 2023 crude steel production Down 3.3%
22 Feb 2023

World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 145.3 million tonnes (Mt) in January 2023, a 3.3% decrease compared to January 2022. The decline in production during Jan-2023 compared to the previous year was recorded in the following regions: Russia & other CIS + Ukraine produced (6.5 […]

The uses of steel in the mining industry
7 Feb 2023

Steel has been used in the mining industry for many generations as it has characteristics that make it ideal for mining environments. It can be easily fabricated; it is light in weight but also strong and durable; it is resistant to corrosion and doesn’t rust; it is easy to clean; and finally, it is a […]

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