Metals & Mining News

Rising Prices of Input Cost Components, Electricity and Scrap Metal are Putting the Industry Under Pressure

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DUBLIN, Jan. 20, 2023 /PRNewswire/ — The “Casting of Metals in South Africa 2022″ report has been added to  ResearchAndMarkets.com’s offering.


This report is on the casting of metals in South Africa, which produces finished and semi-finished products of cast iron and steel (ferrous metals) and cast non-ferrous metals.

It includes information on the state and size of the sector, influencing factors, trade statistics and developments and information on notable players.

The metal casting industry has been contracting over the last two year due to poor economic growth, high input costs, inconsistent supply of electricity and high levels of imports.

The value of metal castings exports declined in 2021 and employment in the industry has decreased. There is potential for increased demand for the industry’s products from end users in the mining, automotive and energy industries.

There are profiles of 26 companies in the industry, which include those of listed companies ArcelorMittal South Africa and Hudaco Industries, as well as players such as Atlantis Foundries, Cast Products South Africa, MIS Engineering and Pressure Die Castings.

Key Trends and Issues

  • Companies in the industry are increasingly seeking to diversify their sources of income by ensuring their customers are spread over various industries. Foundries are also increasing the number of value-added services they offer.
  • The rising prices of the foundry industry’s two largest input cost components, electricity and scrap metal, are putting the industry under pressure.

Electricity Crisis

  • Stable and cost-effective power supply is important for foundries since their processes consume relatively high amounts of electricity.
  • Outages disrupt production, lead to under-utilisation of production capacity and higher costs, substitution of locally-manufactured products by imports, the threat of not fulfilling export orders and losing contracts and investment uncertainty.
  • Companies are subjected to load-shedding and load curtailments and forced to spend capital on alternative or back-up electricity sources.

Key Topics Covered:

1. INTRODUCTION

2. DESCRIPTION OF THE INDUSTRY
2.1. Industry Value Chain
2.2. Geographic Position
2.3. Size of the Industry

3. LOCAL
3.1. State of the Industry
3.2. Key Trends
3.3. Key Issues
3.4. Notable Players
3.5. Trade
3.6. Corporate Actions
3.7. Regulations
3.8. Enterprise Development and Social Economic Development

4. AFRICA

5. INTERNATIONAL

6. INFLUENCING FACTORS
6.1. Economic Environment
6.2. Inconsistent Supply of Electricity
6.3. Input Costs
6.4. High Levels of Imports
6.5. Technology, R&D and Innovation
6.6. Environmental Issues
6.7. Unforeseen Events
6.8. Labour
6.9. Government Support

7. COMPETITIVE ENVIRONMENT
7.1. Competition
7.2. Ownership Structure of the Industry
7.3. Barriers to Entry

8. SWOT ANALYSIS

9. OUTLOOK

10. INDUSTRY ASSOCIATIONS

11. REFERENCES
11.1. Publications
11.2. Websites

Company Profiles

  • Akhani 3D (Pty) Ltd
  • ArcelorMittal South Africa Ltd
  • Atlantis Foundries (Pty) Ltd
  • Autocast South Africa (Pty) Ltd
  • Cast Products South Africa (Pty) Ltd
  • Ceracast (Pty) Ltd
  • Copalcor (Pty) Ltd
  • Elmacast (Pty) Ltd
  • Hudaco Trading (Pty) Ltd
  • Kimberley Engineering Works (Pty) Ltd
  • M I S Engineering (Pty) Ltd
  • Natal Iron and Brass Foundry CC
  • Non-Ferrous Metal Works (S A) (Pty) Ltd
  • Pressure Die Castings (Pty) Ltd
  • Prevail Engineering (Pty) Ltd
  • Rely Precision Castings (Pty) Ltd
  • Rustenburg Engineering and Foundry (Pty) Ltd
  • South African Roll Company (Pty) Ltd
  • Steloy Foundries (Pty) Ltd
  • Thomas Foundry (Pty) Ltd
  • Thos Begbie and Company (Pty) Ltd
  • Transnet SOC Ltd
  • Vereeniging Foundries (Pty) Ltd
  • Viking Foundry (Pty) Ltd
  • Wahl Industries CC
  • Weir Minerals Africa (Pty) Ltd

For more information about this report visit https://www.researchandmarkets.com/r/to7044

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