SteelMatters – July 2022
Primary Steel Imports in June 2022 almost doubled compared to Pre-Covid levels
3 Aug 2022
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) amount to 92 080 tonnes during June 2022, an increase of 8,3% compared with 85 046 tonnes imported during May 2022. Imports of primary carbon and alloy steel products (excluding semis, […]
Absa Purchasing Managers’ Index (PMI) declined from 52.2 points in June to 47.6 in July
1 Aug 2022
The Absa Purchasing Managers’ Index (PMI) declined from 52.2 points in June to 47.6 in July. The successive decline in PMI suggests that the manufacturing sector is likely heading for a weak second quarter. The decline has mainly been linked to the unprecedented electricity supply disruptions during June.
PPI for final manufactured goods was 16,2% in June 2022
1 Aug 2022
On 28 July 2022, Stats SA published the producer price indices (PPI) which is a measure of the average change in the prices of goods either as they leave their place of production or as they enter the production process. As an economic indicator, PPI is used as a short-term indicator of inflationary trends and […]