South Africa’s economy was already weak at the start of 2020, coming from a technical recession and the forecasted low growth. The decision to lock down the country as part of the COVID-19 response to protect the health of the South African population has put further pressure on the steel industry. Depending on the length of the lockdown and the rate at which business and consumer confidence return, economic impacts could be less or more severe. This policy brief looks at the possible economic consequences of COVID-19 for South Africa’s steel industry.
Download a copy or read the policy brief online.