According to the latest data released by Statistics South Africa, in June this year the country's producer price index (PPI) for the basic iron and steel industry increased by 3.6 percent compared to May and was up 11 percent compared to June last year.
Meanwhile, in May the PPI for exported basic iron and steel in South Africa increased by 3.2 percent compared to April and was up by four percent compared to the same month of 2015, while the index for exported products of iron and steel increased by 2.1 percent month on month and was down 4.7 percent year on year. In addition, in South Africa the PPI for imported basic metals in May this year decreased by 3.5 percent month on month and was down 4.6 percent year on year.