Statistic News
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.
MEPS predicts global crude stainless steel production to hit 60 million tonnes in 2023, driven by China and Indonesia. India's production is expected to rise.
World crude steel production in January 2023 declined by 3.3%. Regions including Russia, Europe, EU, North America, Africa, Asia/Oceania, and South America reported production decreases, while the Middle East saw an increase.
South Africa imported 1,299,257 tonnes of primary carbon and alloy steel products in 2022, down 5.1% from 2021. Imports surged 42.7% compared to 2019.
Global crude steel production in Jan-Dec 2022 was 1,831.5 Mt, down 4.3%. India was the only Top 10 producer with positive growth, and China remains the largest producer.
