New Market Report Now Available: South Africa Metals Report Q3 2014
We see continued trouble on the horizon for South Africa's metals industry, which is increasingly beset by low output prices, rising energy costs, and further organized labour action. Metals consumption growth will rise faster than production growth, due to solid demand growth from the autos sector. Due to production weakness, we expect increased imports in the coming quarters, as investment in South African production facilities will be held back by the glut of metals, particularly steel, on the world market.
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