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Aluminium News

Enforcing local procurement rules would help offset weak demand  

By: Terence Creamer     14th December 2018 Steel and Engineering Industries Federation of Southern Africa (Seifsa) wants government to take decisive action in 2019 to ensure that departments and State-owned companies (SoCs) honour their obligations to purchase designated steel products from domestic manufacturers. The organisation is also... 

South Africa's manufacturing output jumps, boosting rand 

By: Reuters     11th December 2018 South Africa's manufacturing output rose more than expected in October to its highest level since June 2016, data showed on Tuesday, lifting the rand as the economy showed further signs of recovering from recession. Africa's most industrialised economy slipped into recession after contractions in... 

South Africa's manufacturing output jumps, boosting rand

Nampak produces ‘pleasing’ FY18 results despite challenging environment

By: Nadine James     27th November 2018 Packaging company Nampak has achieved positive results for its continuing operations for the financial year ended September 30, with profit up 29% year-on-year to R1.2-billion and headline earnings a share up 15% year-on-year to 168.7c a share. Nampak CEO André de Ruyter told Engineering News... 

EU proposes new WTO reform to safeguard dispute settlement body

By: Bloomberg     26th November 2018 The European Union (EU) unveiled a new proposal that seeks to stave off paralysis of the World Trade Organisation’s (WTO's) dispute settlement system by unblocking the appointment of its appellate body members, according to a statement Monday. The proposal has the backing of Australia, Canada,... 

China and US accuse each other of hypocrisy as WTO litigation begins

By: Reuters     22nd November 2018 The United States and China clashed on Wednesday at a World Trade Organization meeting with a US envoy accusing Beijing of using the WTO to pursue "non-market" policies and a Chinese official saying it was Washington that was flouting the rulebook. US President Donald Trump has outraged US... 

WTO to set up panels to rule on US tariff disputes

By: Reuters     21st November 2018 The US and opponents of President Donald Trump's steel and aluminium tariffs both confirmed their wish to litigate on Wednesday, triggering the procedure for World Trade Organization dispute hearings, a Geneva trade official said. China, the European Union, Canada, Mexico, Norway, and Russia all... 

Nespresso to use Rio Tinto’s responsibly-sourced aluminium in coffee capsule production

By: Marleny Arnoldi     19th November 2018 Nespresso, an operating unit of Nestlé Group, will be the first company to use responsibly-sourced aluminium from global miner Rio Tinto to produce its coffee capsules. The two companies have signed a memorandum of understanding (MoU) to work together with Nespresso’s capsule manufacturers to... 

Nespresso to use Rio Tinto’s responsibly-sourced aluminium in coffee capsule production
Nespresso using Rio Tinto's responsibly-sourced aluminium in coffee capsule production

Automaker groups warn US tariffs will undermine new NAFTA deal

By: Reuters     16th November 2018 US automakers and parts suppliers on Thursday warned that President Donald Trump's steel and aluminum tariffs and threatened car tariffs would undermine the benefits of the new deal to modernize the North American Free Trade Agreement, causing widespread job losses. At a wide-ranging hearing... 

Energy reuse to help base metals industries

By: Schalk Burger     9th November 2018 Base metals-production industries can maximise the capture of waste heat and reuse it to reduce energy use, and South Africa has does not have many heat reclamation systems in place, compared to widespread use of these systems in developing countries, such as China, says energy-intensive industry... 

Energy reuse to help base metals industries
WASTE-HEAT RECOVERY A waste-heat recovery system in a cement plant

US steel tariff fight stirs up a swarm of WTO litigation

By: Reuters     30th October 2018 The United States urged European Union governments on Monday to reflect on whether it was really in their interest to go ahead with a trade dispute over US metals tariffs, and said it was hopeful of settling the issue with Mexico and Canada. The US tariffs attracted an unprecedented seven... 

ERG forecasts strong metals price recovery

By: Marleny Arnoldi     29th October 2018 Diversified miner Eurasian Resources Group (ERG) forecasts a strong metals price recovery ahead, including for copper, cobalt, aluminium, ferrochrome and iron-ore. “Our view that commodities have fallen foul of wider macroeconomic concerns and the changing geopolitical landscape was confirmed... 

South Africa welcomes product exclusion for some steel, aluminium products from Section 232 duties

By: Simone Liedtke     24th October 2018 Following an announcement that the US Department of Commerce has granted product exemptions for certain aluminium and steel products, Trade and Industry Minister Dr Rob Davies on Wednesday welcomed the positive developments as a step towards normalising trade relations between South Africa and... 

Clash over Trump tariffs heats up with barrage of WTO litigation

By: Reuters     19th October 2018 Disputes over US tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions. The agenda for an Oct. 29 meeting of the WTO's dispute settlement body on Friday confirmed the legal moves,... 

Norway, EU ask WTO to set up panel on US steel, aluminium tariffs

By: Reuters     19th October 2018 Norway, the European Union and several other countries asked the World Trade Organization (WTO) on Thursday to set up a dispute resolution panel to address US tariffs on steel and aluminium, Oslo's foreign minister said. "We believe that US additional duty on steel and aluminium is contrary to... 

Macro disquiet drowns out signs of base metals shortages

By: Reuters     4th October 2018 Uncertainty about how metals demand will be hit by trade wars, rising US interest rates and a slowdown in China is weighing on industrial metals prices, submerging signals pointing to potential shortages. The index of copper and five other top industrial metals traded on the London Metal Exchange... 

Dube TradePort continues to inject billions into local economy, job creation – MEC

By: Simone Liedtke     2nd October 2018 The Dube TradePort, which incorporates the King Shaka International Airport, has in the past ten years invested R11.5-billion into the South African economy and created nearly 100 000 jobs, KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Sihle Zikalala said on Tuesday.... 

Company diversifies aluminium offering

By: Erin Steenhoff-Snethlage     28th September 2018 Aluminium composite cladding / material (ACP or ACM) is widely used on building facades internationally, and although very much in its infancy in South Africa, it is slowly gaining traction. It is preferred over painted surfaces due to its colour retention, corrosion resistance and low... 

Company diversifies  aluminium offering
DESIGN VERSATILITY The aluminium composite material panels allow for versatile facade designs

Manufacturer keeps up with increasingly complex orders

28th September 2018 As manufacturing becomes more specialised, manufacturing companies have to keep up with customers’ changing demands with regards to complexity of manufactured parts as well as functionality and the aesthetic appeal of the product. South African arm of Germany-based metallurgical plant and rolling... 

Manufacturer keeps up with increasingly  complex orders
EXTRUSION The SMS group has expertise in aluminium, copper, copper alloys and steel extrusion

Record-high margins for aluminium sales

By: Erin Steenhoff-Snethlage     28th September 2018 Johannesburg-based precision water-cutting and -profiling company AquaJet Profiles noted record-high aluminium sales profit margins earlier this year, owing to the sanctions placed on Russian suppliers exporting to the US, claims AquaJet Profiles director Preeshan Naidoo. The sanctions were... 

Record-high margins for aluminium sales
Photo by Reuters
TARIFF SEE-SAW US tariffs have had a positive and negative effect on aluminium profit margins

AMSA to finalise Macsteel sale by Dec

By: Marleny Arnoldi     27th September 2018 Steel producer ArcelorMittal South Africa’s (AMSA’s) shareholders on Thursday approved the sale of AMSA’s 50% indirect interest in Netherlands-based Macsteel International Holdings (MIH) to a subsidiary of Macsteel Holdings Luxembourg for $220-million, or R2.8-billion. AMSA advised that the... 

Ghana on hook for $2bn China deal if bauxite plan stalls

By: Bloomberg     10th September 2018 Ghana will have to use alternative sources to pay back China’s Sinohydro Corp. for $2-billion in infrastructure if the revenue from an earmarked bauxite project is insufficient to meet installments. Sinohydro agreed to a deal with the West African nation in May to build bridges, roads, hospitals... 

South African farmers play chicken with Trump tariffs

By: Reuters     29th August 2018 Herman Pretorius is just the kind of white South African farmer US President Donald Trump expressed concern for when he barged into the country's delicate land reform debate by ordering an investigation into the "large-scale killing of farmers". But for the greying, bespectacled 58-year-old,... 

Insimbi acquires Group Wreck for R120m

By: Marleny Arnoldi     28th August 2018 JSE-listed Insimbi Industrial Holdings is acquiring scrap metal recycler Group Wreck International for R120-million. “Insimbi needs to grow by acquiring businesses that complement the existing Insimbi businesses and are accretive to earnings,” said Insimbi CEO Fred Botha.  

Ghana opposition seeks IMF view on $2bn Chinese Bauxite deal

By: Reuters     24th August 2018 Ghana's opposition in parliament wants the International Monetary Fund (IMF) to decide whether a $2-billion Chinese deal agreed by the government in exchange for bauxite will add to the country's debt burden, it said on Thursday. Under the deal, approved by Ghanaian lawmakers last month, China's... 

Two workers die at Dubai aluminium furnace, EGA says

By: Reuters     15th August 2018 Two workers died at an industrial furnace in Dubai, reportedly by burning to death, the operator of the plant said on Tuesday. Emirates Global Aluminium said the accident took place on Monday as the men "were working at an industrial furnace, which was shut down for routine maintenance and was... 

Solidarity reaches wage agreement with AMSA

By: Marleny Arnoldi     8th August 2018 Trade union Solidarity has reached common ground with steel giant ArcelorMittal South Africa (AMSA) and has signed a wage agreement that is “favourable to all parties”. This follows after the union on July 13 referred its dispute with AMSA to the Metal and Engineering Industries Bargaining... 

Mathe Group ups tyre processing by 35%, grows steel exports

By: Irma Venter     7th August 2018 The KwaZulu-Natal-based Mathe Group, South Africa’s largest tyre recycler, has developed two steel by-products that are being exported to Australia and Korea in growing quantities. Dr Mehran Zarrebini, head of British investment group PFE International, which is one of the major shareholders in... 

Mathe Group ups tyre processing by 35%, grows steel exports

Eskom pilots incentive designed to claw back 5 TWh of energy-intensive demand 

By: Terence Creamer     6th August 2018 State-owned electricity producer Eskom has confirmed that it has entered into a sales incentive pilot programme with nine large industrial customers in a bid to stabilise sales to electricity-intensive industries. The two-year sales incentive pilot programme, which commenced on June 1, has the... 

Eskom pilots incentive designed to claw back 5 TWh of energy-intensive demand

Turkish steel makers eye exports to West Africa amid US tariff setbacks

By: Reuters     31st July 2018 Turkish steel makers are looking to expand in West Africa and other emerging markets in response to tariffs and planned quotas which threaten their sales to the United States and the European Union (EU), a senior sector official said. Namik Ekinci, board chairperson for the Turkish Steel Foreign... 

Hulamin sells well despite US import tariffs, decreased trade with China

By: Marleny Arnoldi     30th July 2018 JSE-listed aluminium supplier and exporter Hulamin has declared a 77% decrease in headline earnings a share to 13c for the six months ended June 30, partly owing to the 7% strengthening of the rand against the dollar to an average of R12.30 in the period, compared with an average of R13.22 in the... 

Hulamin sells well despite US import tariffs, decreased trade with China
Hulamin CEO Richard Jacob

D2M system grows its Plascon Acryline range

By: Halima Frost     27th July 2018 Owing to global demand for smarter painting systems that are cost effective and reduce process time, coatings company Kansai Plascon has introduced its Acryline Direct-2-Metal (D2M) system of automotive paints, which is considered as one of South Africa’s leading commercial-vehicle (CV) coating... 

D2M system grows its Plascon Acryline range
A RAINBOW OF COLOURS Kansai Plascon’s D2M range is available in thousands of different hues

WTO chief sees trade war ending in political talks

By: Reuters     26th July 2018 The nascent global trade war will have to be ended by a political agreement between world leaders, because continuing down the current path will only damage the global economy, the head of the World Trade Organization said on Wednesday. WTO Director General Roberto Azevedo said that world leaders... 

South Africa 'collateral damage' in US-led global trading war – Davies

By: African News Agency      25th July 2018 South Africa has become "collateral damage" in the trading war involving mainly the United States, China, Canada and the European Union, with tariffs imports on its steel exports, Trade and Industry Minister Dr Rob Davies said on Wednesday. Global tensions have flared up as other countries hit... 

South Africa 'collateral damage' in US-led global trading war – Davies

Hulamin H1 earnings decline further amid US steel tariffs

By: African News Agency      25th July 2018 JSE-listed aluminium producer, Hulamin, said on Wednesday that it expected its basic earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended June 30 to decline even further from what was initially anticipated.  Hulamin said that EPS and HEPS for the half year... 

Hulamin H1 earnings decline further amid US steel tariffs

Steel and aluminum import tariffs a big concern for industry – Busa

By: African News Agency      23rd July 2018 Business Unity South Africa (Busa) said on Sunday that it was very concerned about imminent job losses in the domestic steel and aluminium industry if the import duties imposed by the United States government succeed. Speaking during the session on South African investment opportunities at the... 

In Senegal, China's President Xi pledges stronger Africa ties

By: Reuters     23rd July 2018 China's President Xi Jinping pledged during a visit to Senegal on Saturday to strengthen economic ties with Africa, a continent already awash with cheap Chinese loans in exchange for minerals and huge construction projects. Xi arrived in Senegal on Saturday for a two-day visit to sign bilateral... 

Trade war could knock 3% off global GDP – Bank of France study

By: Reuters     20th July 2018 An international trade war with wide-ranging tariff hikes could cut global gross domestic product by as much as three percent, according to a study by the French central bank on Thursday. The direct impact of a generalised 10 percentage point increase in import tariffs could alone knock 1% off... 

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