World Economy

S. Africa Metals Output Declines

S. Africa Metals Output DeclinesS. Africa Metals Output Declines

The month-long strike by metal workers in July had a drastic effect on the output of the metals and engineering sector, Business Day quoted the Steel and Engineering Industries Federation of Southern Africa (Seifsa) as saying. July production was 40% lower than the peak in 2007 and 20% lower than in July last year. A 20.4% year-on-year decline in July output of basic iron and steel, nonferrous metal products and metal products and machinery, and a 29% plunge in the production of motor vehicles, parts, accessories and other transport equipment, account for 7% of the 7.9% year-on-year decrease in total manufacturing in that month.