South Africa: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2025

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in South Africa

In 2021, the South African hot-rolled silico-manganese steel bar market increased by 9.2% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, showed a noticeable descent. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Hot-Rolled Bars Of Silico-Manganese Steel in South Africa

In value terms, hot-rolled silico-manganese steel bar production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by 16% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from South Africa

In 2021, overseas shipments of hot-rolled bars of silico-manganese steel decreased by -50.7% to X tons, falling for the second year in a row after two years of growth. Overall, exports faced a significant contraction. The pace of growth was the most pronounced in 2015 with an increase of 1,150% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, hot-rolled silico-manganese steel bar exports surged to $X in 2021. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 338%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Zimbabwe (X tons), Swaziland (X tons) and Botswana (X tons) were the main destinations of hot-rolled silico-manganese steel bar exports from South Africa, together accounting for 98% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Zimbabwe (with a CAGR of +39.4%), while the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X), Austria ($X) and Swaziland ($X) were the largest markets for hot-rolled silico-manganese steel bar exported from South Africa worldwide, with a combined 95% share of total exports.

In terms of the main countries of destination, Zimbabwe, with a CAGR of +40.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar export price amounted to $X per ton, rising by 136% against the previous year. Over the period under review, the export price recorded a significant increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 1,254% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Botswana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into South Africa

In 2021, supplies from abroad of hot-rolled bars of silico-manganese steel increased by 40% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, showed a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 1,148%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, hot-rolled silico-manganese steel bar imports soared to $X in 2021. In general, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 1,262%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest hot-rolled silico-manganese steel bar supplier to South Africa, with a 71% share of total imports. Moreover, hot-rolled silico-manganese steel bar imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-31.8% per year) and the Czech Republic (+562.9% per year).

In value terms, Italy ($X) constituted the largest supplier of hot-rolled bars of silico-manganese steel to South Africa, comprising 80% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-26.6% per year) and the Czech Republic (+542.5% per year).

Import Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar import price amounted to $X per ton, shrinking by -16.1% against the previous year. Overall, the import price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 an increase of 67%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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