Everything Mining Industry Country Focus How to Guide
Intelligence on industry and mining

Steel 2018: A review of South Africa's steel sector

Has PDF By:  
The global steel industry remains oversupplied, which has kept the industry under pressure for years. The Organisation for Economic Cooperation and Development (OECD) has reported that global steelmaking capacity contracted by 1% to 2.27-billion tonnes in 2017, compared with 2.29-billion tonnes in 2016. Nevertheless, this modest contraction in capacity is not sufficient, with the OECD estimating that demand will take more than 30 years to absorb the current level of excess capacity, which is estimated at about 730-million tonnes. Further, it is expected that global steelmaking capacity could increase by a further 2% between 2018 and 2020 as new steel investment projects are announced. In South Africa, the steel sector has been facing many challenges for years. It has been negatively affected by the import of unfairly subsidised steel, mainly from China, and from continued underspending by government on the promised billions of rands of infrastructure investment. Creamer Media’s Steel 2018 Report examines South Africa’s steel industry over the past 12 months. The report provides insight into the global steel market and particularly into South Africa’s steel sector, and covers production, consumption and main producers, as well as a brief overview of the global and local stainless steel market.

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register