South African steel production fell by 2.7% year on year in September to an estimated 446,000 tons after recording its first increase this year when rising 6.9% in June to 545,000 tons, according to the World Steel Association (worldsteel). There was a 16.3% rise in South African steel production to 7.6-million tons in 2015 compared with a 2.8% decline in global steel production to 1.6228-billion tons. In 2015, steel production decreased in all regions except Oceania, which registered a 4.6% gain. In the first nine months of 2016, SA’s steel production was down an annualised 8.5% compared with a 11.6% decline for Africa and a 0.5% reduction for global steel production. In September, global crude steel production rose 2.0% annualised to 132.9-million tons, of which China accounted for 68.2-million tons, a 3.9% increase.Poor demand was due in part to the government’s multibillion rand infrastructure investment plans failing to gain traction as investment in steel-intensive railway cor...
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