![THE SOUTH AFRICAN IRON ANd STEEl vAlUE CHAIN](/6ky5vhl/369.jpg)
THE SOUTH AFRICAN IRON ANd STEEl vAlUE CHAIN
Iron ore prices do not materially influence steel prices in South Africa as steel is priced on the basis of international prices. Importantly, from a cost perspective iron ore currently only accounts for between 11–13% of ArcelorMittal's (AMSA) total steel production costs at interim prices. Other key input costs that are of greater significance for AMSA, include coking coal (up to 27% ...