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Absa Purchasing Managers’ Index (PMI) declined from 52.2 points in June to 47.6 in July

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.

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SteelMatters – JUNE 2024

This month, we cover primary steel trade, steel-consuming sectors, international steel prices, high imports, declining exports, and slowing production in South Africa's steel sector.