Crude Steel Production

Latest updates from the SAISI Team

Latest Crude Steel News

South Africa’s Crude Steel Production Continues Downward Trend in Q2 2024

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.

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Steel and Articles of Steel – Trade Data

Steel and articles of steel trade data constitute a critical aspect of global trade analytics, providing insights into the patterns, volumes, and values of steel and steel products that are imported and exported by South Africa.

South Africa Crude Steel Production Decline in June

The South African steel industry is experiencing a significant downturn, as recent data reveals a substantial 10% decline in crude steel output for June 2024 compared to the same period in 2023. Additionally, the total production for the first half of 2024 reached 2,355,400 tonnes, marking a 2% decrease from the 2,399,600 tonnes recorded in the first half of the previous year.

These figures highlight an urgent need for measures to stimulate demand. To address this, the acceleration of state-led infrastructure projects is essential. Such initiatives can drive increased steel consumption, providing much-needed support for the sector. The South African Iron and Steel Institute calls upon all stakeholders to prioritize and expedite these projects to bolster the domestic steel industry and ensure its sustained growth and resilience.