S. African iron and steel output down 7.4 percent in March

Tuesday, 17 May 2016 17:16:00 (GMT+3)   |   Istanbul
       

According to the preliminary data released by Statistics South Africa (SSA), in March this year South Africa's manufacturing output decreased by two percent compared to the same month last year.
 
In March, the production of basic iron and steel, non-ferrous metal products, metal products and machinery decreased by 7.4 percent on year-on-year basis. In the given month, the production of basic iron and steel products in South Africa fell by 6.7 percent, while the production of structural metal products decreased by 12.5 percent, both on year-on-year basis. As compared with February, in March this year the production of basic iron and steel products in South Africa decreased by 3.6 percent and production of structural metal products grew by 0.4 percent.
 
For basic iron and steel products, the estimated seasonally adjusted sales of manufactured products (at current prices) in March this year decreased by 4.1 percent month on month, amounting to ZAR 8.48 billion ($542.16 million).

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