According to Statistics South Africa, inflation jumped to 7,4% in June from 6,5% in May, mainly driven by rising transport and food prices. The 7.4% June rate is the highest reading since May 2009. saisi is concerned that this trajectory does not bode well for hard-pressed businesses in the basic iron and steel sector, which continue to […]
The South African Iron and Steel Institute welcomes the news of the amendments for bolt ends and screw nuts tariff headings, 7318.15.41, 7318.15.42, and 7318.16.30, to include imports originating in or imported from Belarus, Indonesia, and Turkey. Between April 2020 and May 2022, over 2000 tons of bolt ends and screw nuts were imported from these […]
South Africa produced 276 500 Mt of crude steel in June 2022. The low crude steel production is mainly attributed to the reline of the Newcastle Works blast furnace in ArcelorMittal South Africa (AMSA) Newcastle Works.
Rising costs and crumbling transport, energy and water infrastructure have proven insurmountable obstacles for huge swathes of the steel industry, and over the past five years, around five million tons a year of steelmaking capacity has been lost. Moreover, the story behind the decrease in steel demand in SA is a microcosm of what is happening […]
According to data released by the South African Revenue Service, imports of primary carbon and alloy steel products (excluding semis, stainless steel and drawn wire) during the twelve months of June 2021 to May 2022 amount to 1 147 769 tonnes, a decrease of 4,6% compared with 1 203 569 tonnes of primary carbon and […]