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Carbon Steel News

DTI optimistic about R4bn titanium beneficiation project in Richards Bay IDZ

By: African News Agency      27th March 2017 The launch of a new R4-billion titanium beneficiation project for manufacturing titanium pigment at the Richards Bay Industrial Development Zone (IDZ) next month is a significant and commendable milestone in South Africa’s mineral beneficiation and industrialisation paths, Trade and Industry... 

ArcelorMittal consortium submits top bid for Italian steel plant

By: Reuters     20th March 2017 ArcelorMittal, the world's top steelmaker, and Italian processor Marcegaglia have offered €1.6-billion ($1.72-billion) to buy Italy's troubled Ilva steel plant, outbidding a rival consortium, three sources said on Friday. The rival group that includes India's JSW Steel bid €1.2-billion for the... 

China iron-ore extends gains as steel holds near 3-year high

By: Reuters     16th March 2017 Shanghai rebar steel futures cut early losses to end near a three-year high on Thursday, helping raw material iron ore extend gains to a fifth session in a row. Hopes of stronger infrastructure spending and property sales in China helped steel prices surge this week, but volatility is also high. 

Air Liquide opposes Evraz Highveld court proceedings

By: Megan van Wyngaardt     15th March 2017 Embattled Evraz Highveld Steel’s business rescue practitioners (BRPs) have instituted court proceedings against Air Liquide in the High Court seeking to cancel certain obligations under a supply agreement between the two companies. The application also seeks declaratory relief from Air Liquide’s... 

Indian DRI plants face iron-ore shortage

By: Ajoy K Das     15th March 2017 Indian sponge iron, or direct reduced iron (DRI), manufacturers are facing an acute shortage of iron-ore despite the government liberalising norms for the allocation of iron-ore blocks and with the country poised to achieve a five-year high in the production of the raw material. The shortage of... 

Seifsa seeks to reward companies with good health, safety performances

By: Anine Kilian     14th March 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa), which will hold its yearly Awards for Excellence in May, will honour those companies that have upheld high health and safety performances in 2016.   Seifsa CEO Kaizer Nyatsumba says that, although the metals and... 

BofAML warns of rising headwinds for commodities

By: Henry Lazenby     9th March 2017 Bank of America Merrill Lynch (BofAML) cast a pall on the budding optimism seen at the recent Prospectors and Developers Association of Canada’s yearly convention, in Toronto, saying that the commodity market, in general, is transitioning from tailwinds to headwinds this year. In its ‘Global... 

China steel, iron-ore hit one-month lows as sentiment sours

By: Reuters     9th March 2017 Iron-ore and steel futures in China fell to one-month lows on Thursday as investors pared back positions after pushing both commodities to multi-year highs last month. Amid stronger prices of steel and other raw materials last month, China's producer price inflation accelerated to its fastest... 

Seifsa calls for entries for yearly excellence awards

By: Megan van Wyngaardt     9th March 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has invited manufacturers operating in the metals and engineering sector to submit their entries for the 2017 Seifsa Awards for Excellence. The awards are open to all companies in the sector, including Seifsa non-members. 

Turkey takes US to WTO over duties on pipe and tube products

By: Reuters     8th March 2017 Turkey has launched a complaint at the World Trade Organization to challenge US anti-subsidy duties on Turkish pipe and tube products, the WTO said on Wednesday. The products include oil country tubular goods, welded line pipe, heavy walled rectangular welded carbon steel pipes and tubes and... 

Two investor groups vie to buy Italy's Ilva steel plant

By: Reuters     7th March 2017 Italy's Ilva steel group has received bids from two consortiums for its loss-making plant in southern Italy, it said on Monday, two years after the state took it over to save thousands of jobs and clean up the polluted site. The first bid came from ArcelorMittal, the world's largest steelmaker,... 

New duties on steel products indicative of South Africa’s ‘value-chain’ approach to protection 

By: Terence Creamer     6th March 2017 The International Trade Administration Commission of South Africa (Itac) confirms that it has recommended increased protection on several downstream steel products and that it is also considering recommending duties on a range of other value-added steel products in future. In addition, the... 

New duties on steel products indicative of South Africa’s ‘value-chain’ approach to protection

Musina-Makhado SEZ to revive steel industry

By: Megan van Wyngaardt     6th March 2017 The South African Energy and Metallurgical Cluster has entered its implementation phase, following the signing of a R40-billion operator agreement between the State-owned Musina-Makhado Special Economic Zone (SEZ), where the cluster resides, and the Shenzhen Hoi Mor Resources Holding Company.... 

China vows new steel, coal capacity cuts to make sky blue

By: Reuters     6th March 2017 China will cut steel capacity by 50-million tonnes and coal output by more than 150-million tonnes this year, its top economic planner said on Sunday as the world's No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of... 

Kogi granted mining licences in Nigeria

By: Esmarie Swanepoel     3rd March 2017 Junior Kogi Iron has been granted two mining licences for its Agbaja iron-ore and steel project, in Nigeria. The two granted mining licences cover 90.7 km2 and contain 586-million tonnes of indicated and inferred mineral resources. 

‘Slight wrinkles’ on physical market to stay zinc’s rise above $3 000/t to H2 2017

By: Henry Lazenby     3rd March 2017 Despite zinc outperforming other base metals in 2016, “slight wrinkles” in the otherwise strong fundamentals for the metal will delay its price ascent beyond the $3 000/t mark before midyear, new analysis by Bank of America Merrill Lynch (BofAML) Global Research shows. Analysts note that activity... 

‘Slight wrinkles’ on physical market to stay zinc’s rise above $3 000/t to H2 2017

Alderon set to ‘reboot’ Kami project in new iron-ore environment

By: Henry Lazenby     2nd March 2017 Project developer Alderon Iron Ore has received the updated preliminary economic assessment (PEA) for the Rose deposit, at the Kamistiatusset (Kami) iron-ore property, 10 km from Wabush, setting the stage for the revival of the high-grade project which has been shelved for several years. "The... 

Alderon set to ‘reboot’ Kami project in new iron-ore environment
Photo by Alderon Iron Ore Corp
Alderon is reviving the long-shelved Kamistiatusset iron-ore project, in Labrador

Russia's Evraz meets forecasts with 7% rise in 2016 core earnings

By: Reuters     1st March 2017 Russia's No.2 steelmaker Evraz said on Wednesday its core earnings rose 7% in 2016, benefiting from a rebound in steel prices and an improving domestic economy. The company's earnings before interest, taxation, depreciation and amortisation (Ebitda) totalled $1.54-billion, up from $1.44-billion... 

Solidarity to launch campaign to support the local steel industry

By: Megan van Wyngaardt     23rd February 2017 Trade union Solidarity has set its sights on the expansion and sustainability of South Africa’s domestic steel industry for the year ahead and will soon launch a Support Our Steel (SOS) campaign. The domestic steel industry had suffered significant setbacks in recent times, particularly after the... 

Seifsa welcomes R95m steel development fund

By: Megan van Wyngaardt     22nd February 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) on Wednesday welcomed Finance Minister Pravin Gordhan’s R95-million allocation towards the establishment of a Steel Development Fund in the 2017 National Budget. The fund will be controlled by the Industrial Development... 

Aveng to seek shareholder backing for sale of Grinaker-LTA stake to Kutana in March  

By: Terence Creamer     21st February 2017 Construction and engineering group Aveng will seek shareholder approval before the end of March for the sale of a 51% beneficial interest in Aveng Grinaker-LTA to Kutana Construction, a black economic empowerment company. Aveng has also decided to include Aveng Water in the transaction, along... 

Aveng to seek shareholder backing for sale of Grinaker-LTA stake to Kutana in March
Aveng CEO Kobus Verster in conversation with Terence Creamer on group's performance and outlook, as well as the impending sale of 51% of Grinaker-LTA to Kutana. Camera Work & Editing: Nicholas Boyd. Recorded: 21.2.17

DTI promises fast-tracked support for downstream steel industry

By: Terence Creamer     17th February 2017 The Department of Trade and Industry (DTI) insists that measures to support the downstream steel industry in South Africa are a priority for government and are being fast-tracked. In a statement outlining the various interventions undertaken since 2015 to support a primary steel sector wracked by... 

DTI promises fast-tracked support for downstream steel industry

AMSA keen to tap power tariff deal as Eskom mulls ‘incentive pricing’  

By: Terence Creamer     10th February 2017 Steel producer ArcelorMittal South Africa (AMSA) is optimistic that Eskom, with the support of the energy regulatory, could extend pricing incentives to it and other energy-intensive businesses in light of its surplus position and government’s appeal for interventions to reignite growth in the... 

AMSA keen to tap power tariff deal as Eskom mulls ‘incentive pricing’
AMSA CEO Wim de Klerk makes the case for further protection for domestic steel industry. Video and editing: Darlene Creamer 10.2.2017

Thabazimbi mine to be transferred to AMSA

By: Anine Kilian     9th February 2017 Kumba Iron Ore has agreed to transfer its Thabazimbi mine, in Limpopo, to ArcelorMittal South Africa (AMSA). Until 2014, the mine was a captive mine owned and run by Kumba subsidiary Sishen Iron Ore Company (SIOC), but was funded by and supplied ore exclusively to AMSA. AMSA is, therefore,... 

IDC hopes to salvage wind-tower plant, but warns liquidation can’t be ruled out 

By: Terence Creamer     8th February 2017 The Industrial Development Corporation (IDC) is hoping to salvage the domestic manufacturing capability established to produce wind-tower sections in the Eastern Cape that was set up in response to government’s demand for higher levels of local content in the renewable-energy sector. However, it... 

IDC hopes to salvage wind-tower plant, but warns liquidation can’t be ruled out
Sections being manufactured at DCD Wind Towers plant, which has been shut since December

Construction steel designation confirmed after intensive lobbying effort

By: Terence Creamer     26th January 2017 The long-awaited stipulation that domestic steel, as well as locally made steel products and components, be used in public-sector construction projects has been welcomed by South Africa’s leading steel producer, as well as by the Southern African Institute of Steel Construction (SAISC). It is the... 

Construction steel designation confirmed after intensive lobbying effort

Rehabilitation work begins to prepare Highveld structural mill for restart

By: Terence Creamer     23rd January 2017 Rehabilitation work at Highveld Steel’s heavy structural mill, located at the mothballed steel plant’s expansive site in Mpumalanga, is under way to prepare the facility for recommissioning, following the conclusion of a supply and marketing deal with ArcelorMittal South Africa (AMSA) in... 

Rehabilitation work begins to prepare Highveld structural mill for restart

AMSA, Highveld conclude manufacturing agreement 

By: Megan van Wyngaardt     22nd December 2016 Steel manufacturer ArcelorMittal South Africa (AMSA) has concluded a contract manufacturing agreement with embattled Evraz Highveld Steel & Vanadium (Highveld) and its HSM subsidiary, whereby AMSA would supply blooms and slabs to HSM for processing into heavy structural steel. This will result in... 

AMSA, Highveld conclude manufacturing agreement

Black-woman-owned steel manufacturing company launched 

By: Anine Kilian     8th December 2016 Despite the difficult economic climate South Africa currently finds itself in, black-woman-owned steel-manufacturing company RSC Avelo, which was officially launched in Roodepoort, Gauteng on Thursday, aims to be a key player in market, according to MD Mayleen Kyster. “Even though we are in a... 

Black-woman-owned steel manufacturing company launched
RSC Avelo, Roodepoort

AMSA shareholders back R2.2bn empowerment deal

By: Terence Creamer     18th November 2016 Shareholders in ArcelorMittal South Africa (AMSA) voted on Friday in favour of a R2.2-billion broad-based black economic empowerment transaction, involving Likamva Resources. The approval was carried by 99.9% of the shares that were eligible to vote. The deal will see Likamva initially hold a 17%... 

 AMSA shareholders back R2.2bn empowerment deal

AMSA announces steel price increases from December 1

By: Terence Creamer     15th November 2016 Steel producer ArcelorMittal South Africa (AMSA) announced on Tuesday that it would be increasing prices on flat- and long-steel products from December 1 – a move it attributed to market movements, rising input costs and the need to staunch losses at its Vanderbijlpark Works. The group outlined... 

AMSA announces steel price increases from December 1

Getting to grips with grade

     21st October 2016 Stainless steel is defined as a steel alloy with a minimum of 11% chromium content and performs better than ordinary steel in high temperatures and cryogenic applications, according to national distributor of stainless steel 3CR12, aluminum and special steels company Euro Steel. Stainless steel... 

Itac to make HRC steel safeguard recommendation in November

By: Terence Creamer     17th October 2016 The head of the International Trade Administration Commission of South Africa (Itac) reports that, following the completion of public consultations on the possible imposition of safeguard duties for hot-rolled coil (HRC) steel, the commission intends delivering its recommendation to Trade and... 

Itac to make HRC steel safeguard recommendation in November

New Seifsa president urges employer proactivity ahead of 2017 wage talks

By: Terence Creamer     14th October 2016 The incoming president of the Steel and Engineering Industries Federation of Southern Africa (Seifsa), Michael Pimstein, has called on employers affiliated to the body to adopt a proactive stance towards the upcoming 2017 wage negotiations. Pimstein is returning to a Seifsa post he last occupied... 

New Seifsa president urges employer proactivity ahead of 2017 wage talks

Steel sector’s sustainability much improved from earlier years

By: Megan van Wyngaardt     6th October 2016 The World Steel Association’s (worldsteel’s) 2016 edition of ‘Sustainable Steel – Policy and Indicators’, has shown only slight declines in the global steel industry’s sustainable development performance. Reporting is voluntary and, in 2015, 159 companies worldwide participated in the study, up... 

Steel sector’s sustainability much improved from earlier years

AMSA insists R2.27bn empowerment deal meets highest governance standards

By: Terence Creamer     28th September 2016 Steel producer ArcelorMittal South Africa (AMSA) has unwrapped its long-awaited R2.27-billion broad-based black economic empowerment (BBBEE) transaction, which chairperson Mpho Makwana insists meets the highest standards of probity and governance. An earlier 2010 attempt by the JSE-listed company... 

AMSA insists R2.27bn empowerment deal meets highest governance standards
AMSA's Wim de Klerk and Mpho Makwana with Likamva's Noluthando Gosa and Leslie Maasdorp

Limpopo’s proposed SEZ attracts R40bn investment

     23rd September 2016 A significant investment is already expected to be injected into the proposed Musina-Makhado Special Economic Zone (SEZ) - a boost for the energy and metallurgical industries. A consortium of Chinese investors led by Hong Kong Mining Exchange, will be investing more than R40-billion into an... 

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