DUBLIN--(BUSINESS WIRE )--The "Manufacture and Wholesale of Basic Iron and Steel in South Africa 2022" report has been added to ResearchAndMarkets.com's offering.
Increasing freight logistics costs and supply disruptions caused by the pandemic and Russia's invasion of Ukraine have highlighted the value of local steel production. South Africa experienced a steel shortage in 2021, causing prices to increase and leading some downstream companies to ask for the removal of import duties to allow them to increase imports while local producers were unable to satisfy demand. Prices have since reduced and supply has increased while demand had dropped, resulting in a current oversupply of steel in South Africa.
A master plan, signed in 2021, has identified overcapacity in the production of long steel products and a focus on local production of flat steel products as many grades required by the automotive, mining and construction equipment, and mining industries are not manufactured locally.
The plan also identifies steel needed for renewable energy supply as an opportunity for the iron and steel industry. The plan includes an agreement by manufacturers of primary steel products to contribute to a development fund to support various projects identified in the plan.
Manufacturers of basic iron and steel face challenges such as the slow rollout of the government's infrastructure development program, unstable electricity supply, steeply rising costs of raw materials, logistics, low domestic economic growth and unreliable rail transport. Some downstream steel product manufacturers believe their products are uncompetitive in export markets due to import duties and high prices charged by steel producers.
This report focuses on the manufacture and wholesale of basic iron and steel in South Africa and includes information on the state and size of the industry and influencing factors such as input costs, infrastructure and transport challenges, major players, regulations and government support.
There are profiles of 41 companies including the major players such as ArcelorMittal South Africa, Columbus Stainless and BSi Steel, steel traders such as Macsteel Services Centres and suppliers such as Hudaco Trading.
2.4. Key Success Factors And Pain Points
3.6. Enterprise Development And Social Economic Development
6.8. Technology, Research And Development (R&D) And Innovation
7.2. Ownership Structure Of The Industry
For more information about this report visit https://www.researchandmarkets.com/r/4eohkb
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900