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South Africa stainless steel sector see new opportunities-The 18th China(Guangzhou ) Int’l Casting product Exhibition
9/27/2016 casting expo |
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Research undertaken by the Southern Africa Stainless Steel Development Association and the Steel and Engineering Industries Federation of Southern Africa has provided local stainless steel fabricators insight into growth opportunities in new export markets as well as import substitution within the South African market.
Mr John Tarboton executive director of Sassda said that “Previous data available to us only tracked primary product import and export figures, whereas we are now able to drill down into 100% of total data within the stainless steel industry. These include finished products such as catalytic convertors within the automotive industry which make up 28% of total South African consumption and tank containers manufactured for the food and chemical industries, for example. This will allow for more accurate tracking and measurement of true import and export figures and will allow sassda to assist local fabricators to explore new local and export opportunities.”
Unlike primary stainless steel products, previously only finished products that were 100% stainless steel were included. This was because the World Customs Organisation’s Harmonised System codes do not necessarily specify what the finished product is made from.
Mr Tarboton explains that “However, we know for example that approximately 3% of the total pressure vessels manufactured are stainless steel pressure vessels and that percentage can now be applied to the total pressure vessels exported or imported. This means imports of fabricated products, industrial equipment and components into South Africa can now be categorised in a manner that makes it possible to identify the input materials into the final product.”
-The 18th China(Guangzhou ) Int’l Casting
product Exhibition
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