http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.17Change: 0.03
R/$ = 11.07Change: 0.01
Au 1238.28 $/ozChange: -4.47
Pt 1258.00 $/ozChange: 3.00
 
 
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 Carbon Steel News
Henk Langenhoven
The Steel and Engineering Industries Federation of Southern Africa (Seifsa) warned on Friday that the metals and engineering sector could contract by between 2% and 3% in 2014, owing primarily to the fallout from a month-long strike in July. The sector, which made...
CoAL CEO David Brown
A national debate is needed to discuss ways of lowering the high cost of railing bulk commodities like coal, says Coal of Africa Limited (CoAL) CEO David Brown. The London-, Sydney- and Johannesburg-listed CoAL plans to produce nearly seven-million tons of saleable...
JSE-listed Evraz Highveld Steel & Vanadium, which is undergoing an ownership change, confirmed on Monday that Johan Burger had been appointed as its new CEO with effect from October 1, 2014, following on the resignation of Jan Valenta. Valenta was appointed CEO in...
Article contains comments
More
 
 
Latest News
Total CEO Christophe de Margerie
Updated 31 minutes ago The CE of French oil major Total, Christophe de Margerie, was killed when a business jet collided with a snow plough during takeoff at Moscow's Vnukovo International Airport, the company and airport officials said. The collision occurred late on Monday, just minutes...
A former employee of the Manufacturing, Engineering and Related Services Sector Education and Training Authority (Merseta) and his accomplice have each been sentenced to 20 years imprisonment after being found guilty of fraud by the Specialised Commercial Court, in...
The Richards Bay Bulk Terminal, in KwaZulu-Natal, loaded 1.49-million tons of cargo in September, exceeding its monthly target of 1.32-million tons, Transnet Port Terminals (TPT) said on Monday. TPT said the reaching of vessel targets ahead of deadline created...
More
 
 
Recent Research Reports
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.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
The broad-based black economic-empowerment (BBBEE) alignment process in the con-struction sector has begun, dur-ing which the sector codes of the Construction Sector Charter Council (CSCC) will be aligned with the revised Codes of Good Practice (CoGP), which come...
It is second time lucky for Toby Venter. Ten years ago he negotiated to buy the Kyalami racetrack, but “the deal did not materialise”.
Environmental solutions company I-Cat started construction work on its R22-million, 1 949 m2 environmentally sustainable office and warehouse facility, commissioned by I-CAT Environmental Solutions, at a launch event in October. The new sustainable I-CAT campus,...
IAN EVANS AirWatch file synchronisation and sharing system was initially designed for a large airline company
Effective file synchronisation and sharing across an organisation’s structures can provide the basis for robust mobile-device and document management while maintaining proper backup, version control and content distribution. These are the lessons learned by complex...
Hotel group Carlson Rezidor currently holds the largest hotel pipeline in Africa with 30 hotels and 6 300 rooms under development. The hotel group develops and operates Radisson Blu in the upper upscale segment and Park Inn by Radisson in the mid-market segment. With...
 
 
 
 
 
 
 
 
 
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