May 28, 2009
Daily podcast – May 28, 2009Back
Johannesburg|London|Africa|ArcelorMittal South Africa|Chrysler LLC|Chrysler South Africa|Eskom|Standard & Poor's|Africa|Zimbabwe|USD|Energy|Flat-steel Prices|Flat-steel Products|Long-steel Prices|Manufacturing|Product|Products|Steel|Steel Producer|Steel Product Prices|Sven Lunsche
© Reuse this
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
On Wednesday, Africa's largest steel producer, ArcelorMittal South Africa, confirmed that it intended raising prices for the first time in nine months as of July 1. The company said it would roll over its May prices into June, but gave notice to its customers that it would increase prices on both long- and flat-steel products as from July.
Spokesperson Sven Lunsche confirmed that flat-steel prices would be increased by between 4 and 5%. Long-steel prices would rise by between 5 and 6%.
Lunsche said that this was the first increase in most steel product prices since September last year. Between September and May the average prices of South African steel had declined by over 60%.
The July increase appears to be premised on a view that the South African currency won't strengthen beyond current levels and that there'll be some upward momentum in international steel prices.
Chrysler has applied for two initiatives established by the DOE - the Electric Drive Vehicle Battery and Component Manufacturing Initiative, and the Transportation Electrification Initiative.
Both are designed to speed up the development, demonstration, evaluation and manufacturing of EVs and PHEVs.
The programmes represent a 50/50 cost-share opportunity, with 224-million-dollars to come from Chrysler and its partners, and a matching 224-million-dollars from the DOE.
Standard & Poor's will make a new Eskom ratings statement soon.
That's a round up of news making headlines today. For more on these and other stories please visit engineeringnews.co.za.
Edited by: Shannon de Ryhove© Reuse this Comment Guidelines (150 word limit)
Other Intellectual Property Law News
Pharmaceutical companies typically invest substantial amounts of money into research and development. Their research, however, is not only aimed at discovering new active pharmaceutical ingredients (APIs). Instead, some companies make small modifications to existing...
A controversial patent process known as ‘ever-greening’ is being carried out by many pharmaceutical brands, and is preventing medications from being made available as generics, affecting many South Africans who are struggling to keep up with the cost of medication....
It has been over six years since the government began developing the draft policy on intellectual property (IP) that has been the focus of major public controversy following the PharmaGate scandal, which involved a leaked pharmaceutical industry email by Knowledge...
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
JSE-listed real estate investment trust (REIT) Rebosis Property Fund achieved a distribution growth of 8.1% to 99.45c per linked unit in the financial year ended August 31, despite volatile market conditions.
A low-cost, inflatable incubator won this year’s international James Dyson design award, which aims to encourage and inspire the next generation of design engineers.
The World Bank released its ‘Doing Business 2015: Going Beyond Efficiency’ report last month and ranked South Africa 43 out of 189 global economies for its ease of doing business, with Singapore topping the rankings.
Air Products South Africa officially launched its R300-million Eastern Cape air- separation unit (ASU), at its new manufacturing facility in the Coega Industrial Development Zone (IDZ), earlier this month. It is the second facility that Air Products launched in South...
BMW South Africa (SA) has signed a power purchasing agreement with energy company Bio2Watt. The offtake partnership will bring renewable energy to the carmaker’s Rosslyn plant, north of Pretoria.