Aveng Steel

Aveng Steel has been stabilised and the operating group is focused on future growth, including opportunities in the power and vehicle manufacturing sectors. Despite the challenging environment, the outlook for Aveng Steel remains encouraging.

Salient features 2016

  • Most difficult trading conditions in decades
  • Weak international steel price and low domestic demand
  • Significantly impacted by price reductions in first half of year
  • Restructuring and cost saving initiatives evident in results
  • EBITDA positive in second half
  • Cash flow positive despite difficult market conditions
  • Disposal of 70% Aveng Steeledale concluded

Geographic Footprint

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For more information on the operation go to www.avengsteel.co.za

For more on performance view the Integrated Report 2016