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Carbon Steel News

Selloff in iron-ore to rubber in China as US trade war widens

By: Reuters     19th June 2018 Prices of commodities from iron ore to rubber tumbled in China on Tuesday, with investor sentiment shaken by an intensifying trade war between Beijing and Washington that could hurt the world's No. 2 economy. The selloff also hit steel, copper, cotton and palm oil, as Chinese investors returned... 

Thyssenkrupp boards working hard to get Tata Steel deal-staff memo

By: Reuters     18th June 2018 Thyssenkrupp needs to quickly clinch a deal for a planned European steel joint venture with Tata Steel, its chief executive said in an internal letter, adding this was necessary to determine the group's long-term strategy. "Therefore we are in close consultations with the supervisory board,"... 

Improved quality and productivity reduce production costs

15th June 2018 As the leading supplier of gases and welding equipment and machinery in sub-Saharan Africa, industrial gases company Afrox continues to provide innovative welding solutions to the Southern African market by introducing new products and technology. The latest of these is welding equipment... 

Improved quality and  productivity reduce  production costs
MULTIPURPOSE PIPE WELDING SOLUTION Miller Electric’s PipeWorx process improves quality and productivity

Industry body assumes consultancy role in DHET initiative

By: Halima Frost     15th June 2018 The Southern African Institute of Welding (SAIW) has been appointed by the Department of Higher Education and Training (DHET) to act as the consultants in the welding aspect of the Centres of Specialisation Programme. Higher Education and Training Minister Naledi Pandor outlined in March that the... 

Industry body assumes consultancy role in DHET initiative
SEAN BLAKE A good skills set, local labor and governments investment are what is needed

Supplier outlines simple welding equipment compliance test

By: Halima Frost     15th June 2018 Power tool and hardware wholesaler Matus has introduced a two-year guarantee on all its Matweld welding machines, which contrasts with the industry norm of one year. “The testing of our Matweld range is done in compliance with ISO standards and we take pride in the fact that we can offer the... 

Supplier outlines simple welding equipment compliance test
ALL IN ONE UNIT 500 A Inverter MIG welder supplied by Matweld complete with a separate wire feeder

Technology at the fore

By: Halima Frost     15th June 2018 Various speakers discussed new technologies and applications in the thermoplastic welding industry at the Thermoplastics Welding Technology Day, hosted by industry body Plastics SA last month. The discussions ranged from single-user welding technology to new applications (apps) revolutionising... 

Technology at the fore
PRODUCTS ON DISPLAY The new Hurner Smartline butt welding machine and clamp was on show

New graphite factory bolsters mining, foundry product offerings

By: Schalk Burger     15th June 2018 A new graphite facility, Graphite Freezeline Solutions, was opened last month on industrial engineering firm Thos Begbie’s manufacturing campus, in Middelburg. It will reduce the time to manufacture products that include graphite components, especially for the mining and foundry industry, says... 

New graphite factory bolsters mining, foundry product offerings
GFS FACILITY OPENING Hercules van der Merwe at the Graphite Freezeline Solutions facility opening

WTO deputy chief advises EU caution in response to US tariffs

By: Reuters     14th June 2018 There is no basis in World Trade Organisation rules for US tariffs on steel and aluminium, but the European Union should proceed cautiously when responding to the measures, WTO deputy director-general, Karl Brauner, told a German magazine. "I see no basis in WTO law for the tariffs imposed by the... 

Govt commits to saving jobs in steel industry 

By: African News Agency      13th June 2018 The South African government said on Tuesday that it will continue to work with the steel industry towards averting job losses in the sector, adding that it has put in place measures to save the steel industry from collapsing.  This emerged when officials from the Department of Trade and Industry... 

Govt commits to saving jobs in steel industry

China's Tsingshan mulls $1bn steel plant in Zimbabwe

By: Reuters     12th June 2018 China's unlisted Tsingshan Holding Group on Monday signed a $1-billion outline agreement with Zimbabwe to build a steelmaking plant there after completing a feasibility study. President Emmerson Mnangagwa's government is trying to woo foreign investors, especially in mining, as part of efforts to... 

IMF's Lagarde says global economic outlook darkening by the day

By: Reuters     12th June 2018 International Monetary Fund (IMF) chief Christine Lagarde led an attack by global economic organisations on US President Donald Trump's "America First" trade policy on Monday, warning that clouds over the global economy "are getting darker by the day". Trump backed out of a joint communique... 

IMF's Lagarde says global economic outlook darkening by the day
Photo by Reuters
IMF MD Christine Lagarde

Germany sees no quick solution to trade row with US, open to talks

By: Reuters     11th June 2018 Germany sees no immediate solution to the trade dispute between the United States and other major economies but remains open to talks "among friends", Economy Minister Peter Altmaier said on Monday, seeking to head off a full-blown global trade war. US President Donald Trump backed out of a joint... 

Decline in machine tools indicative of manufacturing state

By: Halima Frost     8th June 2018 Although machine tools are the backbone of most industries, their market volume has decreased by 30% a year in the past three years, reflecting the state of the manufacturing sector, says Machine Tool Merchants Association (MTMA) chairperson Paul Savides. “It seems as if we are already 20% down... 

Decline in machine tools indicative of manufacturing state
MACHINES ON DISPLAY Machine tools on display at the Machine Tool Africa Expo hosted by MTMA

Supplier expanding its tools range

By: Halima Frost     8th June 2018 Machine Tool and Metrology equipment supplier WD Hearn will exclusively distribute and service coordinated measuring machines (CMM) from LK Metrology – formerly known as Nikon Metrology. WD Hearn have also been appointed sole agents for ANCA CNC Machines in South Africa who manufacture CNC Tool &... 

Supplier expanding its tools range
RECENT RELEASE The Leadwell BC-600 5-axis Long Table Machining, is available in 3+2 and 5-axis simultaneous configurations

Technology revolutionises machine tools industry

By: Halima Frost     8th June 2018 Additive manufacturing, which includes the use of three-dimensional and computer-aided-design to make stronger and more reliable components for the machine tool industry, has revolutionised the machine tool industry, says machine tools supplier Reliable Technical Consultants (Retecon). Retecon... 

Small machines with big capabilities

By: Halima Frost     8th June 2018 Global machine tool supplier Hurco’s BX40i double-column, bridge-type machine, originally launched in 2016, has been upgraded to service a variety of trades, from general manufacturing to highly specialised industries such as the aerospace sector. The stability of the double-column design and the... 

Small machines with big capabilities
STABILITY PROVIDING ACCURACY The BX40i meets the needs of any high-speed machining application.

Tribunal confirms R40m settlement agreement with Cape Gate

By: Simone Liedtke     7th June 2018 The Competition Tribunal has confirmed a R40-million settlement agreement with wire and steel manufacturer Cape Gate, following the company’s admission of price fixing, dividing markets and collusive tendering in respect of lightly galvanised wire, nails, wire and various wire products. The... 

LME says plans to launch about 15 new contracts in January 2019

By: Reuters     7th June 2018 The London Metal Exchange (LME) plans to launch around 15 new contracts from next January, including cash-settled cobalt and hot-rolled coil steel contracts, an executive said on Wednesday. "We will put in place the technical capabilities by November and then we'll launch them from January,"... 

Solidarity launches four-pronged steel industry initiative amid global steel crisis

By: Schalk Burger     5th June 2018 Trade union Solidarity on Tuesday launched a four-pronged initiative to address and mitigate the impacts of the global steel crisis on local steel producers in an attempt to save jobs and local manufacturing capacity. Solidarity deputy general secretary for metals engineering Marius Croucamp... 

Solidarity launches four-pronged steel industry initiative amid global steel crisis
The old Evraz Highveld Steel and Vanadium plant in eMalahleni

EU initiates WTO case against US steel, aluminium tariffs – WTO official

By: Reuters     1st June 2018 The European Union on Friday submitted a request for consultations with the United States on steel and aluminium tariffs announced by Washington, a first step in the WTO dispute settlement process, a World Trade Organization official said. "The WTO Secretariat has received the EU request for... 

South African steel companies urged to diversify markets in wake of US tariff setback

By: Kim Cloete     31st May 2018 South African steel companies need to continue to look for new markets, particularly in Africa, following the recent setback in which the US government decided not to grant South Africa an exemption on steel and aluminum tariffs, says Economic Development Minister Ebrahim Patel. “We will need to... 

South African steel companies urged to diversify markets in wake of US tariff setback
Economic Development Minister Ebrahim Patel

Europe will give determined response to any US tariffs – Merkel

By: Reuters     31st May 2018 German Chancellor Angela Merkel said on Thursday that the European Union would give a "smart, determined and jointly agreed" response if the United States decides to impose tariffs on European steel and aluminum imports. "We don't know the decision yet but if tariffs were to be imposed, then we... 

Cape Town Iron and Steel Works officially opened 

By: Kim Cloete     30th May 2018 The Cape Town Iron and Steel Works (Cisco) plant has been officially opened in Kuils River, near Cape Town. The plant has created 300 direct and another 120 indirect jobs, with another 200 in the pipeline.   Established originally in 1967, the factory was closed by Murray & Roberts (M&R) in 2010,... 

Cape Town Iron and Steel Works officially opened
Economic Development Minister and DHT president Dagistan Turanli at the Cisco plant opening

Macron calls for complete overhaul of world trade rules, WTO reform

By: Reuters     30th May 2018 French President Emmanuel Macron urged the world's biggest economic powers to start talks to reform the World Trade Organization (WTO) to prevent current tensions from spiralling into trade wars. "This is about a complete update of global competition rules," Macron said in a speech on... 

Patel to reopen Cape Town Iron and Steel Works plant  

By: Marleny Arnoldi     29th May 2018 Economic Development Minister Ebrahim Patel will on Wednesday officially reopen the Cape Town Iron and Steel Works plant (Cisco), in Kuils River, in the Western Cape.  

Patel to reopen Cape Town Iron and Steel Works plant
Economic Development Minister Ebrahim Patel

Manufacturing sector investment to remain stable in Q2 – Manufacturing Circle  

By: Anine Kilian     29th May 2018 The Manufacturing Circle Investment Tracker (MCIT) for the first quarter of this year shows there has been investment into the manufacturing sector in the past 15 months, but that investment is declining. Presenting key findings of the MCIT, in Centurion, on Tuesday, Manufacturing Circle... 

Manufacturing sector investment to remain stable in Q2 – Manufacturing Circle
Manufacturing sector investment to remain stable in Q2 – Manufacturing Circle

Canada initiates dumping inquiry into steel imports from China, Vietnam and South Korea

By: Reuters     29th May 2018 The Canadian International Trade Tribunal (CITT) said on Monday it has initiated a preliminary dumping inquiry into steel imported from China, South Korea and Vietnam. The tribunal will investigate whether the alleged dumping and subsidizing of "cold-reduced flat-rolled sheet products of carbon... 

AMSA moves to sell stake in Macsteel International for R2.8bn

By: Terence Creamer     28th May 2018 Steel producer ArcelorMittal South Africa (AMSA) announced on Monday that it intended to sell its 50% indirect interest in steel trading and shipping business Macsteel International (MIHBV) to a subsidiary of Macsteel Holdings (MacHold) for $220-million, or around R2.8-billion. The proposed... 

AMSA moves to sell stake in Macsteel International for R2.8bn
Photo by Creamer Media
AMSA CEO Kobus Verster

Germany's Merkel laments fraying of multilateral order 

By: Reuters     28th May 2018 Germany is worried by signs of weakening in the network of multilateral organisations and agreements designed to foster international cooperation, Chancellor Angela Merkel said on Monday. Merkel blamed the fraying of the multilateral order on a "double transition" - the gradual fading of the... 

EU starts new investigation into steel imports from China

By: Reuters     24th May 2018 The European Commission has opened an investigation into hot-rolled steel sheet piles imported from China to determine whether they are being dumped in Europe, according to a notice in the EU Official Journal on Thursday. The investigation into a form of steel used in construction was launched... 

India takes US steel tariffs complaint to the WTO

By: Reuters     23rd May 2018 India has launched a complaint against the US to challenge President Donald Trump's tariffs on steel and aluminium, a filing published by the World Trade Organization (WTO) showed on Wednesday. Indian officials told Reuters last month that their government would open a WTO dispute if the... 

Japan, Russia, Turkey bring potential US tariff retaliation to $3.5bn

By: Reuters     22nd May 2018 Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminium, the World Trade Organization said on Tuesday, bringing the total US tariff bill to around $3.5-billion annually. The three countries detailed their compensation claims in... 

Allied Steelrode, seven others join task force to lobby for support of downstream steel industry

By: Marleny Arnoldi     21st May 2018 Steel supplier and processing company Allied Steelrode has affirmed its commitment to an industry representative group the CEO Task Force, which will aid in regenerating the country’s steel sector, through mobilising the downstream industry – which suffers the most when challenges arise in the... 

Allied Steelrode, seven others join task force to lobby for support of downstream steel industry
Allied Steelrode executive director Warne Rippon

Fuchs Lubricant opens new grease manufacturing plant in Gauteng

By: Marleny Arnoldi     16th May 2018 Lubricants specialist Fuchs Lubricants South Africa (Fuchs SA), together with its parent company Fuchs Petrolub, on Wednesday launched a R125-million grease manufacturing plant at its factory, in Isando, Gauteng. The plant will allow Fuchs to manufacture specialty greases for the local market, as... 

Fuchs Lubricant opens new grease manufacturing plant in Gauteng
Photo by Dylan Slater
Fuchs SA MD Paul Deppe and Fuchs Petrolub CEO Stefan Fuchs

India's Tata Steel posts Q4 profit

By: Reuters     16th May 2018 Tata Steel on Wednesday posted a net profit of 146.88-billion rupees ($2.17-billion) for the quarter ended March 31, aided by a one-time gain. The Indian steelmaker saw an exceptional gain of 113.76-billion rupees in the quarter, which included a gain from the restructuring of its UK pension scheme. 

Some inroads made after ten years of the Industrial Policy Action Plan - Davies

By: Kim Cloete     15th May 2018 Ramping up production in the automotive sector, resuscitating the ailing tooling industry and boosting the clothing, textiles, leather and footwear industries are among successes the government has listed in its review of ten years of the Industrial Policy Action Plan (Ipap). Despite a... 

Some inroads made after ten years of the Industrial Policy Action Plan - Davies

Government releases its tenth Industrial Policy Action Plan 

By: Kim Cloete     15th May 2018 The government has released its Industrial Policy Action Plan (Ipap) 2018, with a sharp focus on deepening industrial development, speeding up radical economic transformation and increasing the ability to produce higher value-added products. Trade and Industry Minister Dr Rob Davies said it was... 

Government releases its tenth Industrial Policy Action Plan
Photo by Creamer Media
Trade and Industry Minister Dr Rob Davies
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