Try our corporate solution for free!
+1 (212) 419-5770
esther.shaulova@statista.com

Industry revenue of “manufacture of structural metal products“ in South Africa 2011-2023

Over the past years, housing and industrial construction and civil engineering activities have witnessed a decline in South Africa, due to cost overruns, a decline in government spending on infrastructural projects and a high unemployment rate. As a result, many related industries have witnessed only tepid growth, with one such being the structural metal products manufacturing industry, as a vast majority of structural metal products such as metal doors, shutters and window frames are used by the construction and engineering sector. Industry revenues are projected to only grow from 3.1 billion U.S. dollars in 2017 to 3.3 billion U.S. dollars by 2023. Moreover, South Africa’s overall steel consumption has also declined from 5 million tonnes in 2014 to 4.7 million tonnes in 2018.

ArcelorMittal shuts down steel plant

Owing to the mounting losses, ArcelorMittal, the largest steel manufacturer in South Africa and indeed the world, has shut its plant located in the town of Saldanha, near Cape Town. As per data from the business standard, the company reported a net loss of 539 million U.S. dollars for the financial quarter ending September 2019, due to the higher material costs and lower steel shipment prices.

Industry revenue of “manufacture of structural metal products“ in South Africa from 2011 to 2023

Exclusive Corporate Account feature

To view this statistic you need a Corporate Account, which includes the following benefits

  • Access to all content
  • Download as XLS, PPT, PNG and PDF
  • Detailed source and background information
Corporate Account
$700 per month*
(billed annually)
* All products require an annual contract; Prices do not include sales tax.
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (ZAR -> USD) = 0.076

The industry classification is based on the SIC - system in South Africa. The industry “manufacture of structural metal products“ has the code “3541“.

Details on the methodology can be found here.

Please visit here for more information on Statista market forecasts.

Use Statista now: unlimited access to all content

Statistics on "Economic Outlook South Africa"

Further Content: You might find this interesting as well

Statistics

Use Statista now: unlimited access to all content
Learn more about how Statista can support your business.