http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.23Change: 0.10
R/$ = 10.57Change: 0.03
Au 1306.25 $/ozChange: -6.38
Pt 1484.50 $/ozChange: -4.00
 
 
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 Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jan 23, 2012

SA steel production falls 12.7%, world output up 6.8%

Back
Africa|ArcelorMittal South Africa|Evraz Highveld|Africa|Asia|North America|South America|Brazil|China|Italy|Japan|Russia|South Africa|South Korea|Spain|Turkey|Ukraine|United States|Newcastle Plant|Steel Institute|Crude Steel|Crude Steel Production|Local Steel Industry|Steel|Steel Mills|Steel Output|Steel Producer|Steel Producers|Steel Production|Yearly Steel Production|Abrie Audie
africa-company|arcelormittal-south-africa|evraz-highveld|africa|asia|north-america|south-america|brazil|china|italy|japan|russia|south-africa|south-korea|spain|turkey|ukraine|united-states|newcastle-plant|steel-institute-facility|crude-steel|crude-steel-production|local-steel-industry|steel|steel-mills|steel-output|steel-producer|steel-producers|steel-production|yearly-steel-production|abrie-audie
© Reuse this



South Africa’s steel output fell by 12.7% year-on-year to 6.7-million tons last year, while global production surged 6.8% to 1.53-billion tons, the World Steel Association (worldsteel) reported on Monday.

South African Iron and Steel Institute (Saisi) information specialist Abrie Audie noted that the worldsteel ‘2011 world crude steel production’ report was based on estimates, but said it was likely that the country’s steel production was down by a significant margin.

The country’s steel mills experienced significant downtime during 2011.

ArcelorMittal South Africa, a unit of the world's biggest steelmaker, only resumed full production at its Newcastle plant on December 9, after being hit by a furnace failure last year. The furnace failure had impacted an already subdued outlook for the company and ArcelorMittal had to source steel from external sources to minimise the impact on its customers.

South Africa's second-largest steel producer, Evraz Highveld, also experienced significant downtime while making improvements at its plant, adding to the national decline in yearly steel production, Audie stated.

“One should also take into consideration that since the Competition Commission launched an investigation into the local steel industry in July 2008, some of Saisi’s members stopped the regular reporting of their production figures,” he added.

Meanwhile, the worldsteel production figures showed significant growth in Turkey, South Korea and Italy. Of all the significant steel producers, only Japan and Spain showed a decline in yearly production.

Asia’s 2011 production was 988.2-million tons of crude steel, an increase of 7.9% compared to 2010. The region’s share of world steel production increased slightly from 64.0% in 2010, to 64.7% in 2011.

China’s crude steel production in 2011 reached 695.5-million tons, an increase of 8.9% on 2010. China’s share of world crude steel production increased from 44.7% in 2010, to 45.5% in 2011. Japan produced 107.6-million tons in 2011, a 1.8% decrease from 2010. In 2011, South Korea’s crude steel production was 68.5-million tons, a 16.2% increase compared with 2010.

The European Union recorded an increase of 2.8% compared with 2010, producing 177.4-million tons of crude steel last year. Spain produced 15.6-million tons of crude steel in 2011, a 4.6% decrease on 2010, while Italy produced 28.7- million tons in 2011, an 11.3% increase over 2010.

Last year, crude steel production in North America was 118.9-million tons, an increase of 6.8% on 2010. The US produced 86.2-million tons of crude steel, 7.1% higher than 2010.

The Commonwealth of Independent States showed an increase of 4% in 2011, producing 112.6-million tons of crude steel. Russia produced 68.7-million tons of crude steel, a 2.7% increase on 2010 and Ukraine recorded an increase of 5.7%, with a year-end figure of 35.3-million tons.

The yearly crude steel production for South America was 48.4-million tons in 2011, an increase of 10.2% on 2010. Brazil produced 35.2-million tons in 2011, 6.8% higher than 2010.

In December, world crude steel production for the 64 countries reporting to worldsteel was 117.1-million tons, an increase of 1.7% compared with December 2010.

The crude steel capacity utilisation ratio of the 64 countries in December 2011 declined slightly to 71.7%, compared with 73.3% in November 2011. Compared with December 2010, the utilisation ratio in December is -2.1% points lower.

Last week, Ernst & Young said steelmakers globally would be under pressure to remain profitable in 2012 as the sector faced significant over capacity. It said rationalisation would be required, but noted that political pressures would prevent downscaling as governments were under pressure to protect jobs.
 

Edited by: Mariaan Webb
© Reuse this Comment Guidelines
 
 
 
 
 
 
 
 
 
Latest News
Nersa's Thembani Bukula
Updated 2 hours 17 minutes ago A standardised tariff for electricity resellers is needed to avoid consumers being overcharged, energy regulator National Energy Regulator of South Africa (Nersa) said on Tuesday. "The pressing problem right now is that there is a standardised tariff that they...
Economic Development Minister Ebrahim Patel
Updated 2 hours 25 minutes ago 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...
Venetia mine
Updated 2 hours 37 minutes ago In what could be the single-largest contract awarded to construction major Murray & Roberts (M&R) since the Eskom power build programme, M&R subsidiary M&R Cementation has secured a R2.6-billion contract to develop an underground mine beneath diamond major De...
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
Local aerospace company Denel Aerostructures (DAe), part of the State-owned Denel Group, has won a fourth contract to manufacture parts for the Airbus A400M military air transport and air-to-air refuelling aircraft. The new contract, which was won in an international...
Bob Skinstad
Although CEO Mark McChlery and chief marketing officer Bob Skinstad likened themselves to children in a playground when taking on the task of “reengineering and repositioning” the Seartec brand, the “young, dynamic and enthusiastic guys” were like proud...
An increasing number of buyers, in both the new and used car markets, are opting for finance structures that lower their monthly repayments, says asset financing company WesBank. These include the use of large balloon payments (also known as residuals), as well as...
Tertiary education institutions can use search engine giant Google’s Chromebook to provide secure mobile end-point devices for students on which they can share documents, work collaboratively on documents and access education materials and applications being used...
Local ceiling and partition company Abbeycon has beaten global competition at the Saint-Gobain Gypsum International Trophy competition, which was held last month in Berlin, Germany.
 
 
 
 
 
 
 
 
 
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