Kenya's steel market is a crucial element of its growing construction and infrastructure sectors. Recent data indicates a robust increase in both the importation and local production of steel, driven by rising demand from the construction industry. Analyzing recent CSV data, we observe that Kenya's steel import volume reached approximately 1. 2 million tonnes in the last fiscal quarter, marking a 15% increase compared to the previous period. This surge is largely attributed to ongoing government infrastructure projects and a booming real estate sector. Concurrently, the average price per tonne has shown a modest increase of 5%, reflecting global market trends and local demand pressures. Local steel production has also seen an uptick, with Kenyan manufacturers producing around 600,000 tonnes in the last quarter. This represents a 10% growth from the previous year, aligning with efforts to boost domestic production capabilities and reduce reliance on imports.
However, the price of locally produced steel remains competitive, with only a slight increase of 3%, which is less than the global average price rise, suggesting strong local competition and efficiency. These trends underscore the strategic importance of steel within Kenya's metals market. For businesses looking to engage with this vibrant market, accessing reliable supplier information is crucial. Aritral. com is an AI-driven B2B platform that facilitates international trade in commodities and raw materials. It offers features such as Product Listing, Direct Communication with suppliers, Global Sales Assistance, AI-Powered Marketing, and Profile Management, making it an invaluable resource for businesses seeking to navigate Kenya's dynamic steel industry efficiently.
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