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South Africa's Steel Industry 2009
Creamer Media, Oct 2009, Pages: 24
World crude steel output in 2008 amounted to 1 326,5-million tons, down from 1351,3-million tons in 2007. This was largely due to the global industry responding to the economic downturn with production cuts, to ensure that supply matched demand. Although this represented a 1,2% decline on the previous year’s production, this was the second consecutive year that production had exceeded the 1,3-billion-ton mark.
Nearly all the major steel producing regions, including the European Union, North America, South Africa and the Commonwealth of Independent States reported declines. However, the Middle East and Asia, particularly China showed positive growth during 2008.
South Africa boasts five primary carbon steel producers:
ArcelorMittal South Africa, Highveld Steel & Vanadium, Scaw Metals, Cape Gate, and Cape Town Iron & Steel Works (Cisco). The country also has one primary stainless steel producer, Columbus Stainless. The primary steel industry is a significant contributor to the South African economy and earns considerable amounts of foreign exchange. In 2008, the country was ranked twenty-first in terms of global crude steel production, by the World Steel Association.
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