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Carbon Steel News

Unique repair solutions have ‘unlimited’ applications

By: Robyn Wilkinson     17th November 2017 Applications for industrial lining solutions provider Groupline Projects’ (GLP’s) Armacoat and Armasteel composite repair systems seem to be “unlimited”, as the company embarks on a quest to tailor the repair solutions – tried and tested in the mining sector – for other industries, says GLP GM... 

South Korea scores partial win in WTO ruling on US steel pipe duties

By: Reuters     15th November 2017 South Korea won a partial victory on Tuesday when a World Trade Organization panel ruled on its legal challenge to US anti-dumping duties on steel pipe used in the oil industry, but Seoul lost most of the arguments it had made. The WTO dispute panel faulted the US Department of Commerce for the... 

China iron-ore, steel prices rise ahead of output curbs

By: Reuters     14th November 2017 China's iron ore futures edged up on Tuesday along with prices for steel rebar, buoyed as some steel mills ramped up production a day before winter output cuts take full effect. Industrial plants in northern China have been ordered to curb output by up to 50% during the heating season that kicks... 

AMSA lifts Q3 production, sales amid difficult trading environment

By: Megan van Wyngaardt     10th November 2017 ArcelorMittal South Africa (AMSA) increased its liquid steel production by 11.2%, or 125 000 t, in the third quarter ended September 30, despite tough trading conditions, owing to higher production at Saldanha Works as a result of the mini reline in the third quarter of last year. However, this... 

EU antitrust regulators to investigate ArcelorMittal-Ilva deal

By: Reuters     9th November 2017 EU antitrust regulators will investigate whether ArcelorMittal's proposed purchase of Italian steel plant Ilva will lead to price hikes, a move likely to force the steelmaker to offer more concessions to address competition concerns. ArcelorMittal, the world's largest steelmaker, reached a... 

Steelmaker Voestalpine upbeat on global economic upswing

By: Reuters     8th November 2017 Austrian speciality steelmaker Voestalpine expects sales and earnings to rise further in the first half of next year, supported by a global economic upswing, its chief executive said on Wednesday. After reporting an expected 27 percent increase in second-quarter earnings before interest and taxes... 

China iron-ore hits six-week high, but steel output curbs to weigh

By: Reuters     7th November 2017 Iron ore futures in China rallied to their highest in nearly six weeks on Tuesday, extending recent gains along with steel prices, although steel production curbs over winter suggest further price increases in the raw material may be limited. Chinese cities have ordered their steel mills to cut... 

Kobe Steel executives to decide whether to resign after external probe – sources

By: Reuters     6th November 2017 Kobe Steel executives, including President Hiroya Kawasaki, will decide whether to resign to take responsibility for a cheating scandal after a report from independent investigators due by year-end, two sources told Reuters. The company also plans to release an internal report on the... 

China's Hebei province exceeds steel, other capacity cut targets for year

By: Reuters     3rd November 2017 China's top steel producing region Hebei province has surpassed its cutting targets for this year in steel, coal, cement and glass, under efforts to cut air pollution and overcapacity, state media service Xinhua reported on Friday. Hebei, which lies close to Beijing, has cut 25.55-million tonnes... 

Seifsa ‘cautiously optimistic’ following improved PMI

By: Creamer Media Reporter      1st November 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is “cautiously optimistic” about the sector’s performance, in light of data released by the Absa Purchasing Managers' Index (PMI),  which indicates an improvement in activity in the manufacturing sector. This was the... 

Japan's steelmakers in rare sweet spot, but Kobe Steel may miss out

By: Reuters     1st November 2017 Japan's steelmakers are in the midst of the best market conditions in at least three years as steel prices rise with construction in full swing for the 2020 Olympics in Tokyo and automakers boosting production. But the country's third-biggest steelmaker, Kobe Steel Ltd , is likely to be left out... 

JSW Steel second quarter profit up 27%

By: Reuters     31st October 2017 Indian steel producer JSW Steel reported a 27% rise in quarterly profit on Tuesday, helped by higher steel sales. Favourable international markets during early part of the quarter and an increased domestic demand helped the company to post its highest ever consolidated quarterly saleable steel... 

M&R sells Genrec to Southern Palace

By: Anine Kilian     30th October 2017 JSE-listed Murray & Roberts (M&R) has sold Genrec to black-owned industrial company Southern Palace Group. Certain assets and liabilities are excluded from the transaction and will remain with the group. 

Seifsa concerned about US investigation into carbon, alloy steel iron rod imports

By: Anine Kilian     30th October 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) says it is extremely concerned that the challenges facing the local steel industry will only worsen if the US Department of Commerce and the US International Trade Commissions’ (ITC’s) parallel investigations to determine... 

US finds seven countries dumped steel wire rod

By: Reuters     26th October 2017 The US Commerce Department on Wednesday said it made an initial finding that carbon and alloy steel wire rod from Italy, South Korea, South Africa, Spain, Turkey, Ukraine and Britain were being sold in the US market at less than fair value and imposed antidumping duties of up to 147.63%. Wire rod... 

US finds seven countries dumped steel wire rod

EU steelmakers' profits to peak this year, then soften slightly – Moody's

By: Reuters     24th October 2017 European steelmakers' profits will peak this year before softening next year, but not back to levels seen in 2016 when the market was recovering from a crisis, Moody's Investor Services said on Tuesday. The ratings agency kept its 'stable' outlook on the sector, in place since April. 

Global steel production for 9 months to Sept up 5.6% y/y

By: Anine Kilian     23rd October 2017 Global crude steel production for the first nine months of this year reached 1.27-billion tonnes – a 5.6% year-on-year increase. The World Steel Association (worldsteel) on Monday reported that Asia had produced 876.3-million tonnes of crude steel in the first nine months of this year, an... 

Transnet locomotive corruption probe extended as Parliament gears up for inquiry

By: Terence Creamer     9th October 2017 Democratic Alliance (DA) Shadow Minister of Trade and Industry Dean Macpherson is preparing a list of witnesses to appear before a Parliamentary Portfolio Committee for Trade and Industry inquiry into the failure of China South Rail (CSR) to meet local-content obligations as part of its supply of... 

Transnet locomotive corruption probe extended as Parliament gears up for inquiry

Absa PMI rises slightly in September; remains below 50

By: Anine Kilian     2nd October 2017 The Absa Purchasing Manager’s Index (PMI), compiled by the Bureau for Economic Research (BER), nudged slightly higher to a still weak level of 44.9 in September from 44 in August. The index has been well below its neutral level of 50 for four consecutive months. 

Expanded steel services firm eyeing specialist construction, industrial markets

By: Schalk Burger     29th September 2017 Stainless steel fabricator and welding services firm Hlakani Engineering aims to provide end-to-end services for specialist construction and industrial projects after it acquired Middleburg-based structural steel company F&K Engineering, says Hlakani director Gerhard Holtshauzen. The acquisition... 

Expanded steel services firm eyeing  specialist construction, industrial markets
Photo by Victor Moolman
STEEL SKILLS Hlakani is focused on the internal development of expert welders and artisans

Strategic review at Aveng likely to trigger noncore disposals

By: Terence Creamer     26th September 2017 Aveng executive chairperson Eric Diack, who has stepped in as acting CEO at the construction group following Kobus Verster’s surprise resignation, says a “no-holds-barred” strategic review is currently under way in a bid to improve the company’s immediate liquidity position and position it for a... 

Strategic review at Aveng likely to trigger noncore disposals
Aveng executive chairperson Eric Diack

Global steel output up 6.3% y/y in August

By: Creamer Media Reporter      22nd September 2017 Global crude steel production for the 67 countries reporting to the World Steel Association (worldsteel) increased by 6.3% year-on-year to 143.6-million tonnes in August. China’s crude steel output increased by 8.7% year-on-year to 74.6-million tonnes, while India’s output increased by 4.1%... 

Seifsa supports Empowered Engineering and Manufacturing initiative

By: Creamer Media Reporter      20th September 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has partnered with Smart Procurement World to launch the Empowered Engineering and Manufacturing initiative, which is aimed at driving economic transformation and industrial progress in engineering and manufacturing. “The... 

South Africa’s collective bargaining system on a knife-edge

By: Terence Creamer     15th September 2017 South Africa’s centralised collective bargaining system is at a critical “turning point”, with the sustainability of the current model being widely questioned in light of growing opposition to the extension of wage settlements to non-parties to the negotiations. Steel and Engineering Industries... 

South Africa’s collective bargaining system on a knife-edge

Improving manufacturing value-add key to a more equal society

By: Natasha Odendaal     14th September 2017 The revival and expansion of the manufacturing sector could play a critical role in South Africa’s challenging battle against deepening levels of inequality. High levels of manufacturing value add (MVA) can unlock opportunities for employment and greater equality in a country that suffers high... 

Improving manufacturing value-add key to a more equal society
Photo by Duane Daws
Dr Martyn Davies

Task team set up to address lack of adherence to local-content regulations

By: Terence Creamer     12th September 2017 Trade and Industry Minister Dr Rob Davies reports that a task team has been established to assess how to improve local-content enforcement across government departments and the State-owned companies (SoCs) in line with instruction notes issued by the National Treasury. The instruction notes... 

Task team set up to address lack of adherence to local-content regulations
Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies

Thermal spray coatings provide protection for refineries

     8th September 2017 Thermal spray coatings can produce significant cost savings for refineries by reducing the amount of piping maintenance required to guard against the consequences of corrosion under insulation (CUI), says wear solutions provider Weartech director Adam Wintle.  

Thermal spray  coatings provide  protection for refineries
PROTECTIVE LAYER Coatings produced with thermal spraying are formed when millions of particles are deposited on top of each other and are bonded to the substrate

New Transnet, DBSA finance scheme set up to support African rail exports

By: Terence Creamer     28th August 2017 State-owned entities Transnet and the Development Bank of Southern Africa (DBSA) have agreed to create a new facility that will extend favourable financing to African and Middle Eastern buyers of Transnet Engineering’s (TE’s) rail rolling stock and port equipment. The financing scheme will be... 

New Transnet, DBSA finance scheme set up to support African rail exports
Photo by Duane Daws
Transnet chief officer in advanced manufacturing Thamsanqa Jiyane

AMSA’s new incubator to develop industrialists for its procurement supply chain 

     24th August 2017 ArcelorMittal South Africa has completed the first phase of its new 1 600 m2 Matlafatso steel industry incubation hub, in Vanderbijlpark, to help develop and absorb young emerging industrialists into its procurement supply chain. Natasha Odendaal tells us more. 

AMSA’s new incubator to develop industrialists for its procurement supply chain
Amsa’s new incubator to develop industrialists for its procurement supply chain

Global steel production up 6.3% y/y in July

By: Creamer Media Reporter      24th August 2017 Global steel production increased by 6.3% year-on-year to 143.2-million tonnes in July. The World Steel Association (worldsteel) on Thursday reported that China’s crude steel production had increased by 10.3% year-on-year to 74-million tonnes, while India’s output increased by 3.5% year-on-year... 

Carbon capture tech will recycle ferroalloys sector’s emissions

     18th August 2017 South African green-technology company Swayana is collaborating with US-based carbon recycling company LanzaTech to introduce its proprietary carbon capture technology to South Africa. Swayana, a level 2 broad-based black economic-empowerment company established in 2016, uses carbon-footprint... 

Carbon capture tech will recycle ferroalloys sector’s emissions
IMMITATION GAME LanzaTech’s Chinese facility will produce fuel grade ethanol from captured steelmaking off-gas and Swayana hopes to implement this strategy in South Africa

Solidarity warns of ‘major impact’ should AMSA proceed with job cuts

By: Terence Creamer     16th August 2017 Trade union Solidarity has confirmed receipt of a Section 189A retrenchment notice from steel producer ArcelorMittal South Africa (AMSA) and has indicated that it will enter negotiations with the company to ensure alternatives to retrenchments are considered. On Tuesday, AMSA announced that it... 

Solidarity warns of ‘major impact’ should AMSA proceed with job cuts

Cliffs Natural Resources reverts to original Cleveland-Cliffs name

By: Henry Lazenby     15th August 2017 US iron-ore specialist Cliffs Natural Resources has renamed the company to its historical name Cleveland-Cliffs, as part of celebrating its 170th anniversary, the company announced on Tuesday. Under the name Cleveland-Cliffs, the company has been operating for decades as an important part of the... 

AMSA initiates retrenchment talks as it pushes ahead with restructuring plan

By: Terence Creamer     15th August 2017 Steel producer ArcelorMittal South Africa (AMSA) announced on Tuesday that it had initiated consultations with employees regarding its proposed business-restructuring programme, which could result in job losses. CEO Wim de Klerk said in a statement that it was premature to provide an estimate as... 

AMSA initiates retrenchment talks as it pushes ahead with restructuring plan
Photo by Duane Daws
AMSA CEO Wim de Klerk

Highveld to pursue safeguard protection on heavy structural steel products 

By: Terence Creamer     14th August 2017 Highveld Steel, which recently reopened its heavy structural mill in Mpumalanga despite still being in business rescue, has welcomed the institution of 10% import-duty protection on certain heavy steel sections and shapes. However, CEO Johan Burger tells Engineering News Online that Highveld... 

Highveld to pursue safeguard protection on heavy structural steel products
Photo by Duane Daws
Highveld's recently reopened structural mill

Safeguard duties on hot-rolled steel coil and plate officially come into force

By: Terence Creamer     11th August 2017 Safeguard duties of 12% have been officially placed on hot-rolled coil (HRC) and plate entering South Africa following publication of the August 11 Government Gazette, which amends schedule two of the Customs and Excise Act. The safeguard duties have been signed by Finance Minister Malusi Gigaba... 

Safeguard duties on hot-rolled steel coil and plate officially come into force

Furnaces and kilns manufacturers are feeling the heat

By: Tasneem Bulbulia     11th August 2017 Furnaces and kilns manufacturers are taking strain, as with many other industries, owing to financial difficulties amid the current economic climate, says furnaces and kilns manufacturer Van Tuyls director and owner Richard McCullough. McCullough indicates that the number of manufacturers in the... 

Furnaces and kilns manufacturers are feeling the heat
UNDER PRESSURE Manufacturers of furnaces and kilns are are changing their products and diversifying into new markets both locally and internationally
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