BSI STEEL
a JIT service that should reduce client stockholding costs.” In 2019, BSi Steel gained its Level 4 BBBEE rating from BDO South Africa and continues to support various CSI initiatives, particularly those focussed on skills development. This is a company that always has one eye on the future. “BSi Steel is committed to being a responsible member of the communities within which it operates. We believe we have significantly improved the lives of our fellow citizens by investing time, effort and money in a variety of organisations and projects,” the company says. As economic conditions in South Africa have become increasingly unpredictable and unstable, further catalysed by the Covid-19 pandemic,
BSi has been forced into some efficiency strategy adjustments, but remains an active and important supplier to South African and southern African construction and infrastructure projects. The full product range remains available in all areas, and the company is confident its pricing remains competitive. There are green shoots in the industry and the company has many opportunities to look forward to. In September, the country’s largest steel producer, ArcelorMittal, said it would refire the second blast furnace at its Vanderbijlpark operations as steel demand increased. Industry analysts put this down to a rebound following the need for projects started before national lockdown to be completed. This will add another 600,000 tonnes of flat steel to output
and the company warned it will still require exports to make the move viable – even while supplying retailers and traders who have low stock after lockdown. For BSi Steel, stock level is not an issue, distribution is smooth and well-practiced, and the efforts of the DTIC to level the playing field for the SA steel industry are encouraging. Through many economic challenges, BSi has remained strong. This time around it is unlikely to be any different.
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