The World Steel Organisation (worldsteel) expects the dual challenge of excess steel capacity and raw materials costs to place steelmaking margins under pressure. Worldsteel Director-general Edwin Basson told the Moscow Steel Summit in June 2014 that the world had become accustomed to the strong growth of the Chinese economy over the past two decades. It was exactly this fast-paced growth, he said, that resulted in excess capacity and a revaluation of steelmaking raw materials, leading to higher costs for steelmakers, especially now that growth in the Chinese economy was slowing down. Basson further added that the scarcity of good-quality raw materials would cause raw material costs to remain high.
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon steel and stainless steel producers.
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