The South African Iron and Steel Institute’s October 2026 SteelMatters reports stagnant domestic steel demand following Newcastle, increasing imports, a reversal in long-product trade, expanding Coega Steels capacity and softer global prices.
Rising imports may increase competition and supply availability for steel buyers, while softer global prices could affect procurement costs and import ordering. Domestic long-product trade conditions are changing, and Coega Steels’ expansion could alter regional steel supply, sourcing options and capacity availability.