Miniter Patel signs master plan for the steel sector

Business News

Tebogo Msimanga |

The Minister of Trade, Industry and Competition, Ebrahim Patel, along with industry stakeholders from the steel and metal fabrication sector signed a Master Plan for the sector on Friday 11 June 2021

The steel industry plays an important role in South Africa’s industrial capacity, both as a direct driver of growth, investment and jobs, and as indirect facilitator of South Africa’s construction, automotive and mining sectors.

South Africa is one of the largest steel producers on the African continent. According to the World Steel Association, South African steel manufacturers produced 5.7 million metric tons of crude steel in 2019, second only to Egypt on the continent.

The sector employs around 200 000 workers.  Top Steel consuming (mining, construction, autos) industries contribute R600 Billion to South Africa’s GDP (about 15% to GDP) and employs 8 million workers.

Minister Patel said “The signing of the Master Plan sets the foundation and commitment for the development and growth of this important sector.”

To drive implementation of the Master Plan, a Steel Oversight Council has been established, with thirty-five members drawn from all parts of the industry, including up- and downstream industry players, organised labour and public sector officials.

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