http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.60Change: -0.01
R/$ = 10.55Change: 0.02
Au 1301.14 $/ozChange: -1.72
Pt 1435.50 $/ozChange: -1.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Nelson Mandela 1918 - 2013   Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science & Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Feb 13, 2008

ArcelorMittal invests billions to expand SA capacity

Back
Johannesburg|Maputo|Newcastle|Vanderbijlpark|Vereeniging|ArcelorMittal South Africa|Maputo Mill|Higher Steel Prices|Steel|Steel Capacity Increase|Steel Powerhouse|Rick Reato
johannesburg|maputo|newcastle|vanderbijlpark|vereeniging|arcelormittal-south-africa|maputo-mill|higher-steel-prices|steel|steel-capacity-increase|steel-powerhouse|rick-reato
© Reuse this With its very positive outlook on domestic demand and the comfort of higher steel prices as motivation, steel powerhouse ArcelorMittal South Africa will be making significant investments until 2011.

Speaking at its financial results presentation in Johannesburg CEO Rick Reato provided an overview of the upcoming expenditure, singling-out the plans for a new three-million tons a year furnace at Newcastle, to replace the existing two-million-tons-a-year N5 furnace, as one of the highlights.

The new furnace (N6) would come on stream in 2011, and Reato said that it would satisfy the future demand that was expected from local and Southern African markets.

In the meantime, however, a ‘mini' reline, worth R170-million and lasting 45 days, was currently under way at N5. Reato explained that the furnace was undergoing a mini-reline as, although ArcelorMittal had committed to putting in a new furnace, it needed capacity now and the reline would provide this for the next four to five years.

Between 2008 and 2011, some R450-million would be spent on furnace relines, R2-billion on maintaining capability, R2,9-billion on steel capacity increase, R2,7-billion on downstream value-adding projects and about R1-billion on environmental projects.

On flat products production, Reato said that some R600-million would be invested in direct-reduction iron kilns at Vanderbijlpark to double current capacity to 350 000 t. This should be completed by the third quarter of this year.

Some R275-million was being spent on the 70-day-long reline of Corex and Midrex at the Saldanha works - which Reato noted was currently under way.

Next year will see the start of the development of a new colour line, with a capacity of 100 000 t, at Vanderbijlpark which is due to come on line in 2010.
A new galavanising line will also be built at Vanderbijlpark - however, Reato noted that its exact capacity had not yet been calculated.

The first quarter of next year would also see an ore screen and stockhouse upgrade at Saldanha worth R50-million.

On the long products side, upcoming major investments include the Maputo mill in 2008, the new bar/section mill in 2011, the new billet caster in 2011 and the crane and gantry upgrade, worth R150-million, in the fourth quarter of this year.

Reato also outlined the environmental spend which included a sinter clean gas investment of R170-million at Vereeniging works, and electric arc furnace dust extraction at the Vanderbijlpark and Vereeniging plants. In 2009, some R75-million would be spent on calcium carbide desulphurisation at the Newcastle works and lastly, Reato noted that R100-million was to be spent on an evaporator crystalizer this year in order to achieve "0% effluent discharge status".
Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines
 
 
 
 
 
 
 
 
Other Metals News
Michael Garcia
Steel and vanadium producer Evraz Highveld Steel and Vanadium on Wednesday appointed executive director and FD Jan Valenta CEO, with immediate effect, after Michael Garcia stepped down. Olga Luzik would replace Valenta, who was appointed FD and director in 2011.
Creamer Media’s Steel 2014 report provides an overview of the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon steel and stainless...
Ghana has banned the export of ferrous scrap metal immediately in a bid to make more raw material available to sustain the West Africa country's steel industry, Trade Minister Haruna Iddrisu said on Tuesday. Iddrisu said the government was also drafting legislation...
More
 
 
Latest News
South Africa's drive to create a competitive and food-secure State was boosted on Tuesday with the launch of the Centre of Excellence (CoE) in Food Security, at the University of the Western Cape, which would bring together a cohort of experts and researchers from 19...
The City of Cape Town has entered into eight third-party service provider agreements licensing the take up of the spare infrastructure capacity generated through the city’s broadband network. Lease-agreement negotiations were progressing with another 20 third-party...
A 344.5 t wax reactor has arrived at petrochemicals giant Sasol’s Fisher-Tropsch wax expansion project, in Sasolsburg, in the Free State, after five weeks of road travel from Richards Bay, in KwaZulu-Natal. The reactor was transported through Pongola, in...
More
 
 
Recent Research Reports
Steel 2014: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2014 report provides an overview of the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon steel and stainless...
Projects in Progress 2014 - First Edition (PDF Report)
This publication contains insight into progress at the delayed Medupi and Kusile coal-fired projects, in Mpumalanga and Limpopo respectively, as well as at the Ingula pumped-storage scheme, which is under construction on the border between the Free State and...
Automotive 2014: A review of South Africa's automotive sector (PDF Report)
The report provides insight into the business environment, the key participants in the sector, local construction demand, geographic diversification, competition within the sector, corporate activity, skills, safety, environmental considerations and the challenges...
Construction 2014: A review of South Africa's construction sector (PDF Report)
Construction data released during 2013 hints at a halt to the decline in the industry during the last few years, with some commentators averring that the industry could be poised for recovery. However, others have urged caution, noting that the prospects for a...
Electricity 2014: A Review of South Africa's Electricity Sector (PDF Report)
This report provides an overview of the state of electricity generation and transmission in South Africa and examines electricity planning, investment in generation capacity, electricity tariffs, the role of independent power producers and demand-focused initiatives,...
Defence 2013: A review of South Africa's defence industry (PDF Report)
Creamer Media’s 2013 Defence Report examines South Africa’s defence industry, with particular focus on the key players in the sector, the innovations that have come out of the defence sector, local and export demand, South Africa’s controversial...
 
 
 
 
 
This Week's Magazine
There is enough water in South Africa to supply communities and the economy, even if some activities may be constrained, such as agriculture in the Limpopo, says National Planning Commission commissioner Mike Muller. 
Muller was also the director-general from 1997...
South African antenna designer and producer Poynting and provider of professional products, system integration and implementation and commissioning services for the broadcast and telecommunications markets in South Africa, African Union Communications (Aucom),...
Industrial automation giant Festo has been displaying some of the its ongoing research projects and latest automation developments and products at the Hannover industrial fair from April 7 to 11, as part of its Integrated Automation – The Next Steps theme. The...
South African retail companies are responding to the way in which e-commerce is changing their engagement model with customers by improving customer engagement channels and order fulfilment intelligence, says industrial and retail software company JDA Europe, Middle...
In support of the South African government’s mandate to create more jobs and promote sustainable development, multilevel marketing company Amway’ business model aims to assist government in easing the startup of business and encourage an entrepreneurial mindset...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks