SteelMatters – September 2022
World crude steel production slightly above 150 Mt in August 2022
22 Sep 2022
According to the World Steel Association (worldsteel) crude steel production for the 64 countries reporting to the Association was 150.6 million tonnes (Mt) in August 2022, a decrease (-3,0%) compared to August 2021. However, a slight increase, albeit minimal, by 1,3 Mt (+0,9%) compared to July 2022. Comparing August 2022 to the previous corresponding period […]
Steel Imports Up 17,6% In July vs June 2022
12 Sep 2022
According to data released by the South African Revenue Service, imports of primary carbon and alloy steel products (excluding stainless steel and drawn wire) amount to 108,634 tonnes during July 2022, an increase of 17,6 % compared with 92,363 tonnes imported during June 2022 and a increase of 17,9% compared with 92,120 tonnes imported during […]
GDP declines by 0.7% with most of the key industries recording a contraction in Q2
7 Sep 2022
Most industries linked to the Steel sector have not yet recovered and have recorded negative performance during Q2, with construction currently in the worst shape. The construction industry is 24% smaller than it was before the pandemic. According to Statistics South Africa (Stats SA), after two consecutive quarters of positive growth, the country’s real gross […]