Johannesburg based South African Iron and Steel Institute in its Inaugural Steel Report highlighted that the historical trend of domestic steel consumption in South Africa supports the development of the country's infrastructure programme and the industry has the potential and the ability to maintain that crucial position in the reindustrialization of South Africa. South African Iron and Steel Institute Secretary General Mr Charles Dednam said “The South African steel industry plays a critical role in achieving this expansion. SAISI's task is to position steel in society as the enabler of our wellbeing and the growth of our country. We aim to work with the industry to find lasting solutions to steel challenges. These solutions deal with those critical megatrends in market accessibility and fair trade, as well as the challenges related to efficiencies and technological advancements.”SAISI said “In 2021, recovery from the pandemic shock turned out to be stronger than expected in many regions, despite continuing supply chain issues and Covid-19 waves, mostly underpinned by the pent up demand from the previous year. However, a sharper than anticipated deceleration in China led to lower global steel demand growth in 2021, with growing uncertainty for the future. Unfortunately, the expectation of a continued and stable recovery from the pandemic has been shaken by the war in Ukraine and rising inflation. The magnitude of the impact of this conflict will vary across regions, depending on their direct trade and financial exposure to Russia and the Ukraine. The impact will be felt globally through higher energy and commodity prices, especially raw materials for steel production, and continued supply chain disruptions, which were troubling the global steel industry even before the war. Further, financial market volatility and heightened uncertainty will undermine investment. Such global spillovers from the war in Ukraine, along with low growth in China, point to reduced growth expectations for global steel demand in 2022.”The first annual Steel Report is a compilation of this insightful information which will help guide thinking and decision-making on solutions to these challenges and bring the industry together to implement the all-important government-led Steel Master Plan.The South African Iron and Steel Institute is a non-profit, pro-competition and non-governmental representative organisation serving the collective interests of the steelmaking industry in South Africa. SAISI's role is to focus on the social, environmental and economic sustainability of the critically important steel industry. Steel is widely used in the construction, mining, automotive, energy, packaging, and transport sectors of the South African economy. Four new mini-mills have been commissioned in South Africa since 2013 with a combined capacity of about 500,000 tonnes, giving South Africa about 8.5 million tonnes of primary steel production capacity. However, South African steel capacity utilization rates were only about 79% in 2021, with the Covid pandemic affecting supply and demand.North West - Unica Iron and SteelWestern Cape - Cape Town Iron & Steel, SA Steel Works, ArcelorMittal Saldanha, Duferco Steel ProcessingEastern Cape - Agni SteelsGauteng - ArcelorMittal Vanderbijlpark, ArcelorMittal Vereeniging, Cape Gate Davsteel, Scaw Metals, SA Steel Mills, Fortune Steel, Veer Steel (India Steel)Mpumalanga - Highveld Steel, Columbus StainlessKwazulu-Natal - ArcelorMittal Newcastle
Johannesburg based South African Iron and Steel Institute in its Inaugural Steel Report highlighted that the historical trend of domestic steel consumption in South Africa supports the development of the country's infrastructure programme and the industry has the potential and the ability to maintain that crucial position in the reindustrialization of South Africa. South African Iron and Steel Institute Secretary General Mr Charles Dednam said “The South African steel industry plays a critical role in achieving this expansion. SAISI's task is to position steel in society as the enabler of our wellbeing and the growth of our country. We aim to work with the industry to find lasting solutions to steel challenges. These solutions deal with those critical megatrends in market accessibility and fair trade, as well as the challenges related to efficiencies and technological advancements.”SAISI said “In 2021, recovery from the pandemic shock turned out to be stronger than expected in many regions, despite continuing supply chain issues and Covid-19 waves, mostly underpinned by the pent up demand from the previous year. However, a sharper than anticipated deceleration in China led to lower global steel demand growth in 2021, with growing uncertainty for the future. Unfortunately, the expectation of a continued and stable recovery from the pandemic has been shaken by the war in Ukraine and rising inflation. The magnitude of the impact of this conflict will vary across regions, depending on their direct trade and financial exposure to Russia and the Ukraine. The impact will be felt globally through higher energy and commodity prices, especially raw materials for steel production, and continued supply chain disruptions, which were troubling the global steel industry even before the war. Further, financial market volatility and heightened uncertainty will undermine investment. Such global spillovers from the war in Ukraine, along with low growth in China, point to reduced growth expectations for global steel demand in 2022.”The first annual Steel Report is a compilation of this insightful information which will help guide thinking and decision-making on solutions to these challenges and bring the industry together to implement the all-important government-led Steel Master Plan.The South African Iron and Steel Institute is a non-profit, pro-competition and non-governmental representative organisation serving the collective interests of the steelmaking industry in South Africa. SAISI's role is to focus on the social, environmental and economic sustainability of the critically important steel industry. Steel is widely used in the construction, mining, automotive, energy, packaging, and transport sectors of the South African economy. Four new mini-mills have been commissioned in South Africa since 2013 with a combined capacity of about 500,000 tonnes, giving South Africa about 8.5 million tonnes of primary steel production capacity. However, South African steel capacity utilization rates were only about 79% in 2021, with the Covid pandemic affecting supply and demand.North West - Unica Iron and SteelWestern Cape - Cape Town Iron & Steel, SA Steel Works, ArcelorMittal Saldanha, Duferco Steel ProcessingEastern Cape - Agni SteelsGauteng - ArcelorMittal Vanderbijlpark, ArcelorMittal Vereeniging, Cape Gate Davsteel, Scaw Metals, SA Steel Mills, Fortune Steel, Veer Steel (India Steel)Mpumalanga - Highveld Steel, Columbus StainlessKwazulu-Natal - ArcelorMittal Newcastle
