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South African Iron and Steel Institute

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 […]

SAISI Concerned About Increase in Inflation Rate
21 Jul 2022

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 […]

Imported Bolt end and Screw Nuts from Belarus, Indonesia, and Turkey now liable for Safeguard duties
18 Jul 2022

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 Crude Steel Production- June 2022
15 Jul 2022

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.