S.African iron and steel output up 28.1% percent in July
Post Date: 12 Sep 2013 Viewed: 337
According to the preliminary data released by Statistics South Africa, in July this year the country's manufacturing output rose by 5.4 percent compared to the same month of 2012, while the seasonally adjusted manufacturing production for the three months ended July 2013 is estimated to have increased by 2.2 percent compared to the previous three months.
The year-on-year increase in July this year was mainly due to the 7.9 percent increase in the production of basic iron and steel, non-ferrous metal products, metal products and machinery and the 9.9 percent increase in the production of motor vehicles, parts and accessories and 'other' transport equipment. The production of basic iron and steel products in South Africa increased by 28.1 percent year on year in July, while the seasonally adjusted production index of basic iron and steel products saw an increase of 8.8 percent compared to June.
For basic iron and steel products, the estimated seasonally adjusted sales of manufactured products (at current prices) in July increased by 15.8 percent month on month, amounting to ZAR 9.4 billion ($947.1 million), while the actual sales value of basic iron and steel products rose 24.3 percent year on year.