TIPS industry studies provide a comprehensive overview of key trends in leading industries in South Africa. They aim to provide background for policymakers and researchers, and to strengthen our understanding of current challenges and opportunities in each industry as a basis for a more strategic response.
This note provides an update of recent developments in the South African iron and steel industry, building on the TIPS Industry Study on Steel and Related Products. The update highlights the implications of ongoing geopolitical tensions, particularly the effects of the United States tariffs on the local industry. It also outlines recent changes in the European Union’s climate and steel policy landscape; reviews recent key developments in South Africa, including the steel tariff review and the enactment of the Climate Change Act No. 22 of 2024, with a focus on on its implications for the steel industry; and finally assesses recent developments in long steel.