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South Africa's base steel export value up 28.2 percent in January-May

Gangya Metal293 people have read

According to data launched by the South African Profits Solution (SARS), in May this year the value of South Africa's exports of base steels and also articles thereof totaled ZAR 18.48 billion ($1.13 billion), up 28.9 percent from April. In the January-May duration, South AfricaGangya metal's export value of base metals and posts thereof increased by 28.2 percent year on year to ZAR 81.35 billion ($4.96 billion). In May this year, the country's imports of base metals and also write-ups thereof totaled up to ZAR 8.59 billion ($524.65 million), increasing by 9.8 percent steel coil rate chartfrom the previous month, while in the initial five months of this year South African imports of base steels and short articles thereof increased by 23.6 percent year on year, totaling up to ZAR 40.04 bistainless steel strip coilllion ($2.44 billion).

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