Rebuilding profitability and mitigating risk - ArcelorMittal South Africa
Rebuilding profitability and mitigating risk - ArcelorMittal South Africa
Rebuilding profitability and mitigating risk - ArcelorMittal South Africa
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2000/01<br />
2000/04<br />
2001/03<br />
2002/02<br />
2003/01<br />
2003/04<br />
2004/03<br />
2005/02<br />
2006/01<br />
2006/04<br />
2007/03<br />
2008/02<br />
2009/01<br />
2009/04<br />
2010/03<br />
2011/02<br />
2012/01<br />
2012/03<br />
Strengthening currency <strong>and</strong> inflationary<br />
pressures have impacted competitiveness<br />
Unit labour cost increasing post crisis above<br />
productivity<br />
Strengthening exchange rate during 2010 <strong>and</strong> 2011<br />
surge on electricity cost<br />
200<br />
190<br />
180<br />
170<br />
160<br />
150<br />
140<br />
130<br />
120<br />
110<br />
100<br />
90<br />
Labour unit cost (Manufacturing)<br />
Labour Productivity (Manufacturing)<br />
Electricity price index<br />
R/$ exchange rate index<br />
340<br />
130<br />
320<br />
300<br />
125<br />
280<br />
260<br />
120<br />
240<br />
220<br />
115<br />
200<br />
180<br />
110<br />
160<br />
140<br />
105<br />
120<br />
100<br />
100<br />
2006 2007 2008 2009 2010 2011 2012<br />
Source: Reservebank <strong>South</strong> <strong>Africa</strong>. Unit labor cost index in R<strong>and</strong><br />
4
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