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Welcome to the SAISI news section where we showcase insights from the world of steel - latest innovations, industry insights, inspiring stories and more. You can subscribe to our newsletter to receive that latest news right to your inbox.
This month, our issue explores Trade Statistics and SA Crude Steel Production, as well as The Perilous Cost of Compromise: The Impact of Substandard Materials in SA Construction.
In this month's issue, we delve into Trade Statistics and SA Crude Steel Production, alongside Navigating Global Steel Industry Overcapacity, highlighting its trade implications.
The UK is seeking feedback on its emissions-based import rules, set to start in 2027.
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.
In this month's issue, we're diving into the fascinating world of steel trade and the strategic initiatives that are shaping the landscape of regional commerce in Africa.
In 2023, South Africa's steel industry showcased resilience, surging 10.7% in production despite global challenges, indicating recovery efforts but also highlighting the ongoing quest to surpass pre-COVID levels of output.
The current landscape poses formidable challenges for crucial steel-consuming sectors, namely construction, manufacturing, and mining. Persistent logistics challenges have disrupted the smooth flow of raw materials and finished goods, introducing delays and additional costs into the supply chain.
Proposed amendments to the Second-Hand Goods Act in South Africa will impact the scrap metal industry, with changes including registration requirements and enhanced reporting. Stakeholders should stay informed and participate in the discourse.
Worldsteel's latest report predicts a recovery in steel demand, with a projected growth of 1.8% in 2023 and 1.9% increase in 2024, driven by infrastructure investment and emerging markets.
South Africa's SARS increases customs duties on stainless steel flat products to WTO bound rate of 10%, aiming to bolster domestic industry against unfair competition concerns.
The EU and US navigate a steel trade saga stemming from tariffs initiated by the Trump administration. Potential interim deal targeting non-market practices impending.
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