S. African iron and steel output up 2.2 percent in Feb over Jan

Thursday, 12 April 2012 15:54:16 (GMT+2)

According to the preliminary data released on April 11 by Statistics South Africa, in February this year the country's manufacturing output grew by 4.1 percent compared to February 2011, after a revised 2.3 percent year-on-year increase recorded in January, while seasonally adjusted manufacturing production for the three months ended February 29 increased by 1.6 percent compared to the previous three months ended November 30 last year.

In South Africa, the seasonally adjusted production of basic iron and steel products in February increased by 2.2 percent compared to January. Meanwhile, the seasonally adjusted manufacturing production of basic iron and steel products in the three-month period ended February 29 increased by 15 percent compared to the previous three months ended November 30.

Meanwhile, for basic iron and steel products, the seasonally adjusted sales of manufactured products (at current prices) in February this year increased by 9.45 percent compared to January and was up 10.4 percent year on year, amounting to ZAR 9.65 million ($1.2 million).