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Challenges facing the steel industry: Gerhard Papenfus

The World Steel Association projects the 2019 global steel demand will reach 1,73 million tons – a 1.3% Year on Year increase. In 2020, demand is projected to grow by 1% to reach 1,75 million tons. When compared to last year’s growth rate of 2.1%, the demand growth across the globe is steadily diminishing and this is not sparing the South African steel industry. How is the industry bracing itself for these challenges? Gerhard Papenfus of National Employers’ Association of South Africa (NEASA) joins us in studio.

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