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
Engineering, management and specialist technical services company Aurecon achieved a first in Tshwane in 2011 when its Lynnwood Bridge Office Park building, situated just off of the N1 highway, achieved a 4 star GreenStar SA – [Office Design v1, Office Design v1]...
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....
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...
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.
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...