S. African steelmakers’ prices down 0.3% in November from October

According to the latest data released by Statistics South Africa, in November this year the country's producer price index (PPI) for the basic iron and steel industry decreased by 0.3 percent compared to October and was up 10.1 percent compared to November last year.
 
Meanwhile, in October the PPI for exported basic iron and steel in South Africa increased by 5.1 percent compared to September and was down by 5.7 percent compared to the same month of 2015, while the index for exported products of iron and steel decreased by 0.5 percent month on month and was up 18 percent year on year. In addition, in South Africa the PPI for imported basic metals in October this year decreased by 1.3 percent month on month and was down 7.5 percent year on year.