1. Market Research
  2. > Materials
  3. > Metals Market Trends
  4. > Manufacture and Wholesale of Basic Iron and Steel in South Africa 2015

Manufacture and Wholesale of Basic Iron and Steel in South Africa 2015

  • October 2015
  • -
  • Who Owns Whom
  • -
  • 150 pages

Summary

Table of Contents

Search Inside

The South African Iron and Steel Sector: The South African steel industry is a key strategic industry, which contributes 1.5% to the country’s GDP and employs 190,000 people directly plus another 100,000 people who are employed by suppliers to the sector. Steel is a key enabler of every part of the economy, and is critically linked to the automotive, mining and construction sectors, which combined contributed 17% or R570bn to GDP in 2014 and employed 8 million people. However, the future of the entire South African steel industry is under severe threat with steel producers unable to compete with cheap Chinese imports flooding into the South African market and selling at 25% below local production costs.


Recent Developments: There have been a number of important developments in the local steel sector during 2015. The announcement in April by Evraz Highveld Steel and Vanadium that it had filed for business rescue, followed by ArcelorMittal South Africa threatening to close its plants in Vereeniging and Scaw Metals, South Africa’s third-largest steel producer, closing three plants emphasised the catastrophic impact of cheap imports and reduced consumption on the steel industry. Losses of between 10,000 and 16,000 jobs are inevitable despite the approval by the Department of Trade and Industry (DTi) in August of the imposition of a 10% duty on certain imported steel products. The establishment of an emergency task team consisting of representatives from business, labour and government has resulted in a list of measures that need to be implemented if the closure of most steel producers in the country is to be prevented.



Report Coverage:

The report on the Iron and Steel sector discusses the latest developments in the industry and the range of government interventions aimed at stimulating local manufacture in the upstream and downstream sectors. The report also profiles 31 industry players, including manufacturer Evraz Highveld Steel and Vanadium Ltd, which received a buy-out offer of R350m from Hong Kong-based International Resources Limited (IRL), thus managing to avoid liquidation. Also profiled are a number of steel merchants and downstream manufacturers such as Pro Roof Steel Merchants (VRN) (Pty) Ltd. and Africa Pipe Industries (Pty) Ltd.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Electrical Steel Market by Type (Grain-oriented and Non Grain-oriented), Application (Transformers, Motors, Inductors), End-Use Industry (Energy, Automobile, Manufacturing, Household Appliances), and Region - Global Forecast to 2021

Electrical Steel Market by Type (Grain-oriented and Non Grain-oriented), Application (Transformers, Motors, Inductors), End-Use Industry (Energy, Automobile, Manufacturing, Household Appliances), and Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • April 2017
  • by MarketsandMarkets

“Electrical steel market is projected to grow at a CAGR of 7.0%” The electrical steel market is projected to grow at a CAGR of 7.0% during the forecast period of 2016 to 2021, and reach USD 38.98 billion ...

Opportunity in Precious and Non-Ferrous Metals in global market - 2017

Opportunity in Precious and Non-Ferrous Metals in global market - 2017

  • $ 4500
  • Industry report
  • March 2017
  • by Feedback Business Consulting

This report provides insight into the current market scenario, structure and practices. In depth market scenario includes: - Current market size estimate - Revenues by players - Top 5 Companies - Market ...

China favorite non-ferrous metal rolling processing industry, 2017

China favorite non-ferrous metal rolling processing industry, 2017

  • $ 3600
  • Industry report
  • March 2017
  • by Reports from China

China favorite non-ferrous metal rolling processing industry, 2017 is valuable for anyone who wants to invest in the favorite non-ferrous metal rolling processing industry, to get Chinese investments; ...

Steel Companies In China

February 2017 $ 1800

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.