Statistic News
Global steel demand to remain flat in 2025 at 1,750 Mt, rebounding 1.3% in 2026 amid regional recovery and infrastructure investments.
September 2024 crude steel production in South Africa fell by 1.4%, prompting SAISI to advocate for infrastructure investment, trade measures, and manufacturing localisation to support the sector.
In May 2024, South Africa’s crude steel production declined by 9.8% compared to May 2023, following a substantial 17.3% year-on-year decrease in April 2024. This marks a troubling trend for the second quarter of 2024.
February 2024 saw a 17.0% surge in South Africa's crude steel production, marking four consecutive months of double-digit growth and highlighting industrial resilience.
Global steel production decreased in January 2024, but Africa saw a notable increase. South Africa's steel output surged by 24.8%. The trade balance improved in 2022 but worsened in 2023.
Global steel production in the first half of 2023 decreased by 1.1%, with African production led by South Africa, Libya, and Tunisia showing a 4.1% increase during the same period.
Global crude steel production witnessed a 2.4% decrease in April 2023 compared to the same month in the previous year, while Africa's production increased by 4.8%, led by South Africa, Libya, and Tunisia.
Global crude steel production increased by 1.7% in March 2023 compared to the previous year, with Africa, Asia/Oceania, and Russia/CIS/Ukraine showing growth, while South America, Europe, other, the Middle East, and North America experienced declines.
In February 2023, South Africa saw a significant increase in imports of primary carbon and alloy steel products, with profiles and flat steel products being the major contributors. Compared to the previous year, imports surged by 23.7%.
Global crude steel production decreased by 1.0% in February 2023 compared to the same month in 2022, with China as the top producer. Europe and Türkiye saw significant decreases.
South Africa's economy contracted by 1.3% in Q4 2022, worse than expected, due to rolling blackouts. Recovery for critical sectors is slow, affecting steel industry performance.
