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S. African iron and steel output down 3.3 percent in December

Friday, 14 February 2020 17:40:17 (GMT+3)   |   Istanbul
       

According to the preliminary data released by Statistics South Africa (SSA), in December last year South Africa's manufacturing output decreased by 5.9 percent compared to the same month of 2018.

In December, the production of basic iron and steel, non-ferrous metal products, metal products and machinery decreased by 3.3 percent on year-on-year basis. In the given month, the production of basic iron and steel products in South Africa decreased by 7.4 percent, while the production of structural metal products was up by 3.3 percent, when compared to the same month of 2018. In November last year, the production of basic iron and steel products in South Africa decreased by 1.7 percent, while the production of structural metal products in South Africa was down by 3.5 percent, both on month-on-month basis.

For basic iron and steel products, the estimated seasonally adjusted sales of basic iron and steel products (at current prices) in December last year decreased by 4.9 percent month on month, amounting to ZAR 9.4 billion ($633.39 million).


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