The sector’s many challenges have led domestic producers to look for opportunities elsewhere on the continent, he told Steel First in an interview on the sidelines of Metal Bulletin’s first African Iron & Steel Conference in Maputo, Mozambique, at the end of June.
SEIFSA represents 27 independent employer associations in the metal and engineering industries, with combined membership of more than 2,000 companies employing over 210,000 people.
Many of the sector’s companies in South Africa, and more broadly in Southern Africa, are struggling, so Nyatsumba’s outlook for the domestic industry was decidedly bearish for this year as well as for 2016.
“The margins are very low, they are struggling with [import] competition, and a number of them are downsizing right now,” he said, noting the recent woes of Evraz Highveld Steel & Vanadium
“[Yet] the most pressing challenge in South Africa is really the...