http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.15Change: 0.02
R/$ = 11.57Change: 0.02
Au 1173.91 $/ozChange: -7.62
Pt 1181.50 $/ozChange: -5.00
 
 
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
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders 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|Africa|ArcelorMittal South Africa|Projects|Africa|Maputo Mill|Higher Steel Prices|Products|Screen|Steel|Steel Capacity Increase|Steel Powerhouse|Environmental|Rick Reato
|Africa|Projects|Africa||Products|Screen|Steel||Environmental|
johannesburg|maputo|newcastle|vanderbijlpark|vereeniging|africa-company|arcelormittal-south-africa|projects|africa|maputo-mill|higher-steel-prices|products|screen-industry-term|steel|steel-capacity-increase|steel-powerhouse|environmental|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 (150 word limit)
 
 
 
 
 
 
 
 
Other Stainless Steel News
Give its large mining potential, African economies are expected to play an increasingly important role in producing raw materials for the production of steel. The Economic Cooperation and Development (OECD) said it was expecting growth from  South Africa, in...
Growth in the steel industry worldwide has stabilised following substantial fluctuations during the recession, but a fair amount of uncertainty remains, particularly as a result of structural change in the Chinese economy, according to World Steel Association...
The government’s substantial infrastructure programme outlined in the National Development Plan is expected to drive demand for steel over the next decade, says Trade and Industry Deputy Minister Mzwandile Masina. He told over 250 delegates to the Organisation for...
More
 
 
Latest News
Updated 1 hour 37 minutes ago Goldman Sachs Group has sold its controversial metals warehousing business to Swiss private equity group Reuben Brothers, the Wall Street bank said on Monday. The deal for Metro International Trade Services comes months after Goldman formally put the business on the...
Updated 1 hour 45 minutes ago Greenhouse gas emissions by the world's top 500 companies rose 3.1% from 2010 to 2013, far off the cuts urged by the United Nations to limit global warming, a study showed on Monday. The top 500 firms by capitalisation accounted for 13.8% of world greenhouse gas...
Updated 6 hours ago The cost of copper theft decreased to R13-million in November from R13.2-million in October, according to the SA Chamber of Commerce and Industry's (Sacci) Copper Theft Barometer. "The November figure is 1.51% lower than a month ago and 36.8% higher than a year...
More
 
 
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
 
 
 
 
 
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
TO BE PHASED INTO SERVICE The first MeerKAT dish, with another 63 to come
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
MATT BARKER Wireless networks should enable users to engage and must provide relevant information to them based on their activity and location
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...
 
 
 
 
 
 
 
 
 
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