South Africa’s Crude Steel Production Uptick: A Promising Start to 2024

In February 2024, our country experienced an extraordinary surge in crude steel production, boasting an impressive 17.0% increase compared to the same period last year. This noteworthy achievement marks four consecutive months of double-digit growth since November 2023, showcasing a resilient industrial landscape.

As we navigate the complexities of today’s business environment, this growth underscores the resilience and potential of South Africa’s industrial sector.

Looking ahead, we anticipate a robust start to 2024, with the first quarter expected to record positive growth compared to last year.