market intelligence
The best of the GPS e-newsletter Each month Sassda rounds up a selection of global and local market intelligence articles that are sent to our members in an easy-to-read package of content. They’re designed to highlight pockets of potential growth in demand for stainless steel. Here are some of the best articles from the last few issues...
Coega Steels Mill project in Eastern Cape to provide rolled metal for manufacturing Coega aims to establish a state-of-the-art R160Million rolling mill facility project in the Eastern Cape, to be built by next year. CEO of Coega Steels Hassan Khan says that the facility’s modern machinery and cutting-edge technology would catalyze the local manufacturing sector, supplying reliable and efficient sources of steel and finished products to vital industries such as construction, automotive, and infrastructure development... Read more
LNG goes off the boil, but long-term prospects are good A recent in Stainless Steel World has stated; “The gas squeeze may have eased, but in the medium and long term, demand for LNG is likely to increase. The pattern of trade is changing, with Russia selling more oil and gas to India and China to make up for the markets it has lost in Europe. Meanwhile, Europe is importing more from the USA and Qatar, and even far-off Australia. Germany, which was slow to reduce its dependence on Russia, may have difficulty finding enough energy to power its industries; Italy on the other hand, whose national Eni has many investments in northern Africa, is better prepare... Read more
Hope on the horizon as construction industry adds 104 000 jobs South Africa’s construction industry has added 104 000 jobs to the economy, outstripping trade by 12 000 new jobs. This comes as the country celebrates a 0.3% decrease in the unemployment rate, according to the Department of Statistics’ quarterly labour force survey for the second quarter of 2023. Eben Meyburgh, CEO of GVK-Siya Zama, one of South Africa’s largest privately owned construction companies, says this could be a sign of a turnaround after years of turmoil… Read more
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Issue 3– 2023
