According to the South African New Times website reported on July 30, the first half of 2017 report announced by South African iron and steel companies Arcelor Mittal recently shows that the company will continue to lose, and predict that its loss in the second half of the year will grow to 11 billion rand. Arcelor Mittal said, the first half of the loss was mainly affected by the negative impact of the economic downturn in South Africa, "local and major steel export markets of South Africa are very limited, because the local investment and base installation spending deficiency, in addition to rising raw material costs and exchange rate fluctuations also caused adverse effects. " The impact of local steel consumption fell by 3.8%, while South Africa and major African markets still import large quantities of foreign steel.
Hunan Prime Steel Pipe as a excellent steel enterprise of China, South Africa is our main market. In the past 20 years, we provided a large number of steel pipe and pie fittings for South Africa, and our customer also were very satisfied with us. In the future, Prime Steel Pipe will continue to manufacture high quality steel pipe and pipe fittings, and provide better service to the market.
