South Africa’s metal fabrication industry has major spill-over effects as top steel consuming industries including mining, construction, automotive, cables and structural steel, contribute about 15% of the country’s economy. South Africa has an installed annual steel production capacity of 10 million tonnes and produces about 6 million tonnes per year.
Basic iron and steel, non-ferrous and ferrous metal products and machinery accounted for one-fifth of South Africa’s manufacturing output in 2018. Over the last five years, South Africa’s average apparent steel consumption was close to 5 million tonnes per year, making it Africa’s second largest steel consumer after Egypt.
Think South Africa, Think Opportunity.