September 08, 2008

SA domestic carbon steel sales in 9 months up by 1.6% YoY

According to the South African Iron and Steel Institute, South Africa domestic carbon steel sales totaled 4,111 million tonnes during January to September 2007 period up by 1.6% YoY as compared with January to September 2006 period. This was despite a 10.7% QoQ decrease in domestic carbon steel sales in the Q3 of 2007, when sales totaled 1,316 million tonnes.

South African Iron and Steel Institute said that sales of carbon steel flat products decreased by 8.6% while sales of profile products increased by 2.2% QoQ as compared with Q2 of 2007.

Imports of finished carbon and alloy steel products totaled 131,819 tonnes during the Q2 of 2007. This represents 8.8% of the total apparent domestic carbon and alloy steel consumption and is an increase from 8.4% in the first quarter.

Exports of carbon steel products as reported by South African producers decreased by 23.4% YoY to 1,456 million tonnes.