March 24, 2016 12:45:21 AM
KAMPALA (Scrap Monster): According to the recent data published by the World Steel Association, the crude steel production by the African region tumbled by 26% during the month of February year-on-year.
Egypt produced 360,000 tonnes of crude steel, considerably lower by 38.5% when compared to 585,000 tonnes production achieved during February 2015. Libya’s crude steel output surged higher significantly to 52,000 tonnes during the month of February this year, when matched with 17,000 tonnes produced during the same month a year before. Morocco’s output plunged by over 39% to 25,000 tonnes, when compared to 41,000 tonnes production achieved during February 2015. South Africa’s crude steel output dropped considerably by 19.5% to 475,000 tonnes during the month when matched with the production figures of 590,000 tonnes during the same month a year before.
Egypt’s output has dropped marginally when compared with 387,000 tonnes during January this year. Libyan crude steel output in February ’16 dropped in comparison with the previous month. The country had recorded production of 76,000 tonnes during Jan ‘16. Morocco’s production too declined slightly over the previous month. South African production declined by 175,000 tonnes when matched with the previous month.
The following table provides cumulative crude steel output for the first two months in 2016 in comparison with those during same period in 2015.
2 months (2016)
2 months (2015)
Note: Output in thousands of tonnes