Steel Imports Up 17,6% In July vs June 2022
According to data released by the South African Revenue Service, imports of primary carbon and alloy steel products (excluding stainless steel and […]
GDP declines by 0.7% with most of the key industries recording a contraction in Q2
Most industries linked to the Steel sector have not yet recovered and have recorded negative performance during Q2, with construction currently in […]
Crude Steel Production Dips below the 150 MT in July
According to the World Steel Organisation, global crude steel production in July was 149.3 million tonne (MT), a 6.5% decline compared to […]
Focus in creating a conducive business environment could reverse massive job losses in the manufacturing sector
South Africa’s unemployment rate was at 33.9% in the Q2 of 2022, down from 34.5% in the Q1 and a record high […]
What is steel and how is it made?
Most steel in South Africa is produced via two basic routes: The Blast Furnace-Basic Oxygen Furnace (BF-BOF) route and the Electric Arc […]
Primary Steel Imports in June 2022 almost doubled compared to Pre-Covid levels
According to data released by the South African Revenue Service, imports of primary carbon and alloy steel products (excluding semis, stainless steel, […]
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 […]
PPI for final manufactured goods was 16,2% in June 2022
On 28 July 2022, Stats SA published the producer price indices (PPI) which is a measure of the average change in the […]
SAISI Concerned About Increase in Inflation Rate
According to Statistics South Africa, inflation jumped to 7,4% in June from 6,5% in May, mainly driven by rising transport and food […]