Africa crude steel output tumbled over 17% in March

By Carolina Curiel (ScrapMonster Author)

April 25, 2016 07:46:02 AM

KAMPALA (Scrap Monster): According to the most recent data published by the World Steel Association, the crude steel production by the African region tumbled by 17.2% during the month of March year-on-year.

Egypt produced 424,000 tonnes of crude steel, considerably lower by 23.7% when compared to 555,000 tonnes production achieved during March 2015. Libya’s crude steel output surged higher significantly to 43,000 tonnes during the month of March this year, when matched with 25,000 tonnes produced during the same month a year before. Morocco’s output plunged by 21.3% to 30,000 tonnes, when compared to 41,000 tonnes production achieved during March 2015. South Africa’s crude steel output dropped considerably by 14.8% to 536,000 tonnes during the month when matched with the production figures of 629,000 tonnes during the same month a year before.

Egypt’s output has increased marginally when compared with 360,000 tonnes during February this year. Libyan crude steel output in March ’16 dropped in comparison with the previous month. The country had recorded production of 52,000 tonnes during Feb ‘16. Morocco’s production increased slightly over the previous month. South African production climbed higher by 51,000 tonnes when matched with the previous month.

The following table provides cumulative crude steel output for the first three months in 2016 in comparison with those during same period in 2015.

Note: Output in thousands of tonnes