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