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Metals News

Govt, AMSA reach accord on steel price basket

By: Kim Cloete     23rd August 2016 Steel producer ArcelorMittal South Africa (AMSA) and government have agreed to remove import parity pricing with immediate effect in a bid to boost South Africa’s steel industry. The local price for flat steel products will be based on an import-weighted basket. 

South Africa not surrendering its steel industry, says Davies

By: Kim Cloete     23rd August 2016 South Africa’s steel industry is facing some serious challenges, brought on by a global steel glut of 44-million tons a year, but it is vital for the country to do everything possible to maintain a sustainable, competitive steel industry as it is of strategic importance to the country, says Trade... 

South Africa not surrendering its steel industry, says Davies
Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies

‘Transformational’ deal to change Aveng Grinaker-LTA’s look-and-feel, not tick BEE boxes 

By: Terence Creamer     23rd August 2016 South African construction and engineering group Aveng expects to conclude an empowerment transaction within months to further transform its Aveng Grinaker-LTA business, which is on the cusp of moving into the black for the first time since 2011. CEO Kobus Verster believes the transaction to be... 

 ‘Transformational’ deal to change Aveng Grinaker-LTA’s look-and-feel, not tick BEE boxes
Aveng CEO Kobus Verster on the thinking behind a planned 'transformational' deal involving Aveng Grinaker-LTA. Camera Work: Nicholas Boyd. Editing: Lionel da Silva. Recorded: 23.8.2016

New unit to be set up to oversee rail local-content push

By: Terence Creamer     22nd August 2016 The Department of Public Enterprises and National Treasury will consolidate procurement for locomotives into a single institution, under Transnet, to ensure “efficiency and compliance with the localisation requirements”. The decision to set up the unit was made at the recent Cabinet lekgotla,... 

New unit to be set up to oversee rail local-content push

CompComm approves AMSA’s R1.5bn settlement proposal

By: Samantha Herbst     22nd August 2016 The Competition Commission has approved steel producer ArcelorMittal South Africa’s (AMSA’s) proposal to pay R1.5-billion to the commission for its involvement in long steel and scrap metal cartels. This will be the largest competition-related fine ever paid by a single South African entity and... 

CompComm approves AMSA’s R1.5bn settlement proposal
Competition Commissioner Tembinkosi Bonakele

Top steel firms' debt level totals record $150bn – EY

By: Reuters     18th August 2016 Debt in the world's top 30 steel companies totals a record $150-billion, international accountancy firm EY said on Thursday, adding governments' action to support the sector would work only if matched with more radical industry restructuring. Overcapacity and weak steel prices have piled pressure... 

Top steel firms' debt level totals record $150bn – EY

AMSA chief says rising rand to take gloss off recovery

By: Terence Creamer     17th August 2016 ArcelorMittal South Africa (AMSA) CEO Wim de Klerk says he still expects the steel group to enjoy a better second half than was the case in the six months to June 30, but admits that the recent strengthening in the rand against the US dollar is likely to weigh on financial performance. The... 

AMSA chief says rising rand to take gloss off recovery
Photo by Duane Daws
AMSA CEO Wim de Klerk

DTI's absence on steel price committee questioned

By: News24Wire      16th August 2016 Parliament is still waiting for a response from Trade and Industry Minister Dr Rob Davies on why no one from his department is being represented on the recently established steel price committee. At the end of June, Economic Development Minister Ebrahim Patel announced the members of the... 

IDC, BAIC set to unveil plans for new Eastern Cape auto plant

By: Terence Creamer     16th August 2016 South Africa’s State-owned Industrial Development Corporation (IDC) has indicated that it and the BAIC Automotive Group, of China, will announce details of a new multibillion-rand motor vehicle manufacturing plant in Eastern Cape later this month. The development financier will host its annual... 

IDC, BAIC set to unveil plans for new Eastern Cape auto plant
Photo by Duane Daws
Economic Development Minister Ebrahim Patel

EU to boost steel trade defences as imports surge

By: Reuters     15th August 2016 The European Commission is expected to further strengthen its steel trade defences, possibly as early as October, industry leaders say, as a global trade war in the alloy intensifies and imports keep flooding into the bloc. The Commision has ramped up trade defences over the past year, slapping... 

Enamel steel cladding supplied to new ATC tower

By: Victor Moolman     12th August 2016 South Africa-based Vitrex’s vitreous enamel steel cladding has been used at the new air traffic control (ATC) tower in Muscat, in Oman, and can withstand the corrosive, abrasive and high saline coastal conditions. 

Enamel steel cladding  supplied to new ATC tower
OMAN AIR TRAFFIC CONTROL TOWER The new air traffic control tower, in Oman, has been cladded with vitreous enamel steel cladding

Deep Space Industries joins race to mine asteroids

By: Henry Lazenby     10th August 2016 Deep Space Industries (DSI) has entered the race to launch spacecraft that will identify and mine near-earth asteroids, in the hope of establishing a new space economy. The California-based company on Tuesday announced plans to fly the world’s first commercial interplanetary mining mission. Its... 

Deep Space Industries joins race to mine asteroids
Photo by Bryan Versteeg/Deep Space Industries
A conceptual image of Deep Space Industries' Prospector X prototype satelite

China July iron-ore imports hit 2016 high, steel exports ease-customs

By: Reuters     8th August 2016 Chinese iron-ore imports rose 8.3% in July from the previous month to hit its second-highest on record, customs data showed on Monday, as underlying demand for the raw material in the world's top buyer remained strong. Shipment climbed to 88.4-million tonnes in July, the highest since December... 

China July iron-ore imports hit 2016 high, steel exports ease-customs

Company supplies single chamber melting, casting furnace

     5th August 2016 Mechanical engineering company Hertwich Engineering will supply a melting and casting furnace with a capacity of 55 000 t of aluminium a year, as well as a charging machine, to Austrian aluminium product supplier AMAG. Commissioning of the new furnace is scheduled for mid-2017. The move to... 

Company supplies single chamber melting, casting furnace
DUAL FURNACE The new aluminum melting and casting furnace will have a capacity of 55 000 t a year

WTO confirms South Africa’s cold-rolled steel safeguards probe 

By: Terence Creamer     4th August 2016 The World Trade Organisation (WTO) has confirmed that South Africa has notified its committee on safeguards about the initiation of a safeguard investigation on certain cold-rolled steel products. In the notification, dated July 29, the International Trade Administration Commission of South... 

WTO confirms South Africa’s cold-rolled steel safeguards probe

New steel chief seeks dialogue on power-tariff risks

By: Terence Creamer     29th July 2016 New ArcelorMittal South Africa (AMSA) CEO Wim de Klerk views the prospect of ongoing electricity tariff increases as among his chief anxieties as he settles in at a company that is edging towards recovery, having not shown a profit since 2010. Addressing shareholders for the first time on Friday,... 

New steel chief seeks dialogue on power-tariff risks

Steel designations, Highveld supply to shore up AMSA demand amid weak market

By: Terence Creamer     29th July 2016 Steel producer ArcelorMittal South Africa (AMSA) expects a proposed deal to reopen the heavy-section mill at Evraz Highveld Steel & Vanadium (Highveld), together with recent moves by government to stipulate the use of local steel when calculating local content on certain infrastructure... 

Steel designations, Highveld supply to shore up AMSA demand amid weak market
Photo by Duane Daws
AMSA CEO Wim de Klerk

AMSA calls for more support as loss increases

By: African News Agency      29th July 2016 ArcelorMittal South Africa (AMSA) called for more state support for the steel sector as it reported a loss of R450-million for the six months to the end of June, a hefty increase on the loss of R111-million recorded for the corresponding period a year before. The company acknowledged the support... 

AMSA calls for more support as loss increases

Itac seeks input on steel duties after HRC probe finds imports causing ‘serious injury’ 

By: Terence Creamer     25th July 2016 The International Trade Administration Commission of South Africa (Itac) has concluded that the domestic steel industry is “suffering serious injury” as a result of a surge of imports of hot-rolled coil (HRC). However, it has decided not to impose provisional measures until it has received... 

Itac seeks input on steel duties after HRC probe finds imports causing ‘serious injury’

Hulamin weathers weak H1 with strong exports

By: Megan van Wyngaardt     25th July 2016 JSE-listed aluminium producer Hulamin’s earnings a share increased to 48c apiece for the six months ended June 30, compared with the 24c a share recorded in the six months to June 30, 2015. Headline earnings a share increased to 48c apiece in the six months under review, compared with the 25c... 

AMSA seeks more protection as it warns of bigger H1 loss

By: Terence Creamer     22nd July 2016 Steel producer ArcelorMittal South Africa (AMSA) warned on Friday that its loss for the six months to June 30 could be up to 64% higher than the loss of 28c a share reported for the same period in 2015. However, the interim loss of between 42c and 46c a share represented a significant improvement... 

AMSA seeks more protection as it warns of bigger H1 loss

Severe rate of job losses reflects declining metals and engineering sector

By: David Oliveira     22nd July 2016 First-quarter employment data recently released by Statistics South Africa reflected a total loss of 15 553 jobs since the beginning of 2015. This downward trend is getting cumulatively worse, with 3 550 job losses being recorded in the third quarter and 6 902 for the fourth quarter of 2015, and... 

Global steel production down 1.9% y/y in H1

     20th July 2016 Global steel production was flat month-on-month at 136-million tonnes in June, but production for the six months ended June 30 was down 1.9% year-on-year at 794.8-million tonnes. The World Steel Association on Wednesday reported that production by the Commonwealth of Independent States increased... 

Global steel production down 1.9% y/y in H1

DTI sets up Africa-focused trade unit in bid to grow exports beyond R300bn

By: Terence Creamer     15th July 2016 The South African government believes the launch of a new one-stop-shop to facilitate higher levels of trade and investment in the rest of Africa will help consolidate the continent as the country’s most important market for value-added goods and create the platform for an expansion in exports... 

DTI sets up Africa-focused trade unit in bid to grow exports beyond R300bn

Possible change in NDT training

By: Simon Sonnekus     15th July 2016 The harmonisation of second and third part assessment certification schemes found in the South African non-destructive testing (NDT) industry could result in continuous skills development and enhanced personnel competence, with companies and employees also retaining a stronger development... 

Possible change in  NDT training
NON-DESTRUCTIVE TESTING South Africa and many other African countries have sustainable market capacity for only one NDT industrial sector

Role of 3D printing in development of aircraft components rising

By: Dylan Slater     15th July 2016 The rise of additive manufacturing technology, or three-dimensional (3D) printing, is spurring accelerated levels of development in a broad range of items, as concepts can be manufactured at a fraction of the costs and time it would otherwise have taken to develop parts using conventional... 

Role of 3D printing in development of aircraft components rising
AHRLAC PART 3D Solids have helped developed service parts from engineering thermoplastics for the Ahrlac aircraft

New header designs to be showcased at Power-Gen Africa

By: Robyn Wilkinson     8th July 2016 Engineering, manufacturing, construction and maintenance services provider Steinmüller Africa will showcase two header models at this year’s Power-Gen Africa event, which will be held at the Sandton Convention Centre from July 19 to 21. 

New header designs  to be showcased at  Power-Gen Africa
FLUCTUATING COAL QUALITY Steinmüller Africa has been investigating the impact of varying coal quality on boiler operations at Hendrina power station

Severe rate of job losses reflects declining metals and engineering sector 

By: David Oliveira     6th July 2016 First-quarter employment data recently released by Statistics South Africa reflected a total loss of 15 553 jobs since the beginning of 2015. This downward trend is getting cumulatively worse, with 3 550 and 6 902 job losses being recorded in the third and fourth quarter of 2015 respectively, and... 

Severe rate of job losses reflects declining metals and engineering sector

Fibre laser technology on the rise in steel industry

By: Robyn Wilkinson     1st July 2016 Cutting solutions provider First Cut is supplying fibre laser cutting machines to South Africa, which are greatly improving the efficiency and cost effectiveness of laser-cutting operations in various industries, including the steel industry, in a difficult economic climate 

Fibre laser technology on the rise in steel industry
BLM TUBE LASER Fibre laser technology is a cost-effective option for the steel industry

Import prices on steel not the best solution

By: Robyn Wilkinson     1st July 2016 International trade credit insurer Coface credit analyst Kyle Mason says that government would do better to provide benefits to local entities using locally-produced steel than to further impose import and anti-dumping tariffs. 

Import prices on steel not the best solution
KYLE MASON Incentives and rebates would better encourage support of local steel producers

Import tariffs harmful to end-user businesses

By: Robyn Wilkinson     1st July 2016 Fasteners and aligned products manufacturer and supplier Impala Bolt & Nut MD Derek Cohen says attempts to protect the local steel market by introducing import tariffs have introduced additional costs for small end-user businesses that are trying to remain viable in a difficult market. 

Import tariffs harmful to end-user businesses
GOVERNMENT INTERVENTION Government incentives have supported development in the automotive sector, and could similarly benefit the steel sector if implemented

Industry top performers celebrated amid challenging times

     1st July 2016 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) announced the winners of its second Annual Awards for Excellence at a breakfast that took place before the commencement of the second day of the Southern African Metals and Engineering Indaba, which was held in Sandton in... 

Industry top performers celebrated amid challenging times
HENK LANGENHOVEN Viability of the South African steel industry remains under pressure

Light steel frame building advantageous for the SADC

     1st July 2016 Light steel frame building (LSFB) is increasingly becoming the preferred building method in the Southern African Development Community, says Southern African Light Steel Frame Building Association (Safsa) director John Barnard. 

Light steel frame building advantageous for the SADC
LIGHT STEEL FRAME BUILDING LSFB methods allowed for the construction of an out-patient hospital without interfering with the operations of the neighbouring main hospital

Modernisation of steel plants crucial in South Africa  

By: Robyn Wilkinson     1st July 2016 Global metallurgical processing plant supplier SMS group’s South African MD, Pieter Bezuidenhout, says the modernisation of South African steel plants is crucial in boosting the industry’s ability to remain internationally competitive in a difficult economic environment. 

Modernisation of  steel plants crucial  in South Africa
Global metallurgical processing plant supplier SMS group South Africa MD Pieter Bezuidenhout, senior processing engineer Peter Sanders and key accounts manager Samuel Gounden discuss the company’s solutions for the modernisation of South African steel plants. Camerawork and Editing: Nicholas Boyd.

More support needed for local steel industry

By: Robyn Wilkinson     1st July 2016 While government has increased import tariffs to protect the local steel market from low-cost Chinese imports, steel products manufacturer and supplier LionSteel CFO Pierre Willemse believes that more needs to be done to support the South African steel market. 

More support needed for local steel industry
SUCCESSFUL ACQUISITION LionSteel CFO Pierre Willemse and Captial Star Steel CEO David Scheepers at the Capital Star Steel mill in Mozambique

New earth roll conveyor for stainless steel recovery

     1st July 2016 Global separation technologies provider Eriez unveiled its rare earth roll conveyor at the Institute of Scrap Recycling Industries’ 2016 Trade Show, which took place in Las Vegas from April 2 to 7. This product allows customers to reliably recover and concentrate stainless steel from material... 

Steel exporter adapts for changing steel landscape

By: Victor Moolman     1st July 2016 Owing to the global economic downturn, and tough and volatile trading conditions, steel distributor Building System Integration (BSi) Steel has continually adapted and modified its handling of the supply of steel products, to meet the demand in the sub-Saharan African markets. 

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