Steel accounts for 4.7% of total manufacturing production and is an important indicator of the overall health of the sector‚ as it feeds into other manufacturing sectors.
This recent reduction followed a 0.6% drop in 2014 to 7.21-million tons (Mt). It also means that Egypt is now Africa's top producer as Egypt grew its production by 8.7% y/y in the first two months to 1.155Mt compared with SA's 1.05Mt. In 2014 Egypt only produced 6.485Mt.
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