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South African steelmakers export sales prices down by 0.3pct YoY

According to the latest data released by Statistics South Africa, in January 2013, the country's producer price index for exported commodities decreased by 0.3% YoY and was up 2.5% compared to the previous month.

In January, basic metals was both the main contributor to the annual rate for exported commodities and to the MoM increase, with a YoY decrease of 4.8% and a MoM rise of 4.5%.

The PPI for exported basic iron and steel in South Africa in January 2013 rose 1.3% compared to the previous month and was down 10.3% compared to January 2012, while the PPI for exported metal products increased by 2.3% over the previous month and was up 6.3% YoY.

Meanwhile, in South Africa the PPI for imported basic iron and steel remained stable on both YoY and MoM basis, while the PPI for imported metal products increased by 0.3% over the previous month and was up 2.1% YoY.

Source -Steel Orbis

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