BSi Steel South African steel industry

The South African steel industry, once the cornerstone of manufacturing in the local economy, is moribund as costs skyrocket, global prices remain subdued, and ambitious local infrastructure projects remain promises of the distant future. BSi Steel Coils are best priced in South Africa.

Manufacturing’s real value added as a percentage of gross domestic product (GDP) at current prices has been at a constant decline since 1990. Since the global financial crisis in 2009, when the South African manufacturing sector’s contribution to GDP in constant 2010 prices contracted by 11% to R353-billion, the South African steel sector only recovered back to 2008 levels by 2013, and since then has shown virtually no growth.