http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.34Change: -0.11
R/$ = 10.72Change: -0.10
Au 1285.41 $/ozChange: -9.79
Pt 1465.50 $/ozChange: -12.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jun 14, 2012

Q1 stainless steel production down 2.8%

Back
Africa|Stainless Steel|Africa|Americas|Asia|China|Stainless Steel Output|Stainless Steel Production|Steel|Eastern Europe|Western Europe
Africa|Stainless Steel|Africa|||Steel|
africa-company|stainless-steel-company|africa|americas|asia|china|stainless-steel-output|stainless-steel-production|steel|eastern-europe|western-europe
© Reuse this

Despite weaker first-quarter stainless steel production, the International Stainless Steel Forum (ISSF) said on Thursday it was still forecasting a slight improvement in 2012 output.

Global stainless steel production declined by 2.8% year-on-year to 8.6-million tons in the first three months of 2012, with all areas showing a decline.

The Americas reported the biggest decline with a 22% year-on-year drop to 607 000 t, followed by a 14.8% decline in Central and Eastern Europe to 76 000 t.

The Western Europe/Africa region’s stainless steel output dipped by 0.3% to 2.2-million tons.

China’s stainless steel production fell by 1.2% to 3.4-million tons, while other Asian countries reported a decrease of 0.6% to 2.2-million tons.

There is some improvement in production when the first quarter of 2012 is compared to the last three months of 2011. Western Europe and Africa showed a 16.5% increase, the Americas a 9% increase and Asia, excluding China, showed a 2.3% increase in production.

Eastern Europe’s quarter-on-quarter production rate declined by 9.8% and China showed a 5% decline. Overall, stainless steel production was up 2.7% in the first quarter, compared to the quiet final quarter of 2011.

ISSF stated that it did not expect the negative growth rates to continue for the remainder of 2012.

“The current perception is that markets will be driven by real-demand and some restocking will occur in the second half of the year,” it stated.
 

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Metals News
In its first monthly decrease since February, the South African Chamber of Commerce and Industry’s (Sacci’s) Copper Theft Barometer level has contracted to R12.2-million in June from R15.4-million in May, coinciding with a drop in the volumes of copper stolen...
Aluminium products supplier Hulamin, which on Monday reported a 42% year-on-year lift in earnings for the first half of 2014, has revealed that it is preparing an application for reciprocal import tariff protection, which it plans to lodge shortly with the...
Economic Development Minister Ebrahim Patel
Economic Development Minister Ebrahim Patel says government will be prioritising six ‘I’s as part of its “radical economic transformation” agenda for the coming five years. Delivering his Budget Vote in Parliament on Tuesday, Patel said the six components...
More
 
 
Latest News
Updated 48 minutes ago Independent, black-owned and managed investment holding company Southern Palace Properties has acquired an 8% stake in Growthpoint Properties from the Public Investment Corporation’s (PIC’s) Government Employees Pension Fund (GEPF) for R4.5-billion. Standard Bank...
Updated 51 minutes ago Shareholders of JSE-listed real estate investment trusts (REITs) Octodec and Premium Properties have approved the proposed merger of the two companies, creating a combined property fund that will attract a market capitalisation in excess of R5-billion and comprise...
Updated 59 minutes ago The Metal and Engineering Industries Bargaining Council (MEIBC) this week called on employees and employers to exercise restraint as the metals and engineering industries resumed operations following a four-week strike, stating that it regretted the strike’s...
More
 
 
Recent Research Reports
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
 
 
 
 
 
This Week's Magazine
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
GARYN RAPSON Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will open the door for court battles to determine who will be held liable for the remediation
The uncertainties around the remediation of affected areas as addressed in the Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will possibly spark litigation and disputes between landowners and businesses, contractors...
South Africa is currently the largest component of the African Development Bank’s (AfDB’s) active portfolio in Southern Africa, comprising 62.5% of the bank’s $7.9-billion exposure to the 12-country region – the second largest beneficiary is Mauritius, which...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks