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Aug 31, 2015
Updated 16 minutes ago Three formal bids have been received by the practitioners presiding over the business rescue of steel producer Evraz Highveld Steel and Vanadium and a preferred bidder could be named by as early as Wednesday. Business rescue practitioner Piers Marsden told...
Aug 28, 2015
The first applications for protection on several steel products were approved on Friday, with Trade and Industry Minister Dr Rob Davies confirming that duties across eight tariff subheadings would be increased to the World Trade Organisation bound rate of 10%....
Aug 28, 2015
South Africa will introduce a new 10% customs duty on certain steel products, Trade and Industry Minister Dr Rob Davies said on Friday, aimed at protecting the local manufacturing industry from cheaper Chinese steel imports. Following complaints from ArcelorMittal...
Aug 28, 2015
Article contains comments
Aug 28, 2015
MEGAVAC CYCLONE LOADER The unit will be used in South 32’s smelter for the recovery of 90 t/d of bath material
Local furnace and industrial services company Dickinson Group last month delivered its new MegaVac Cyclone Loader to resources company South 32, where the machine will be used for a large basement cleaning project for the company’s Mozal aluminium smelter, in...
Aug 25, 2015
Embattled steel producer Evraz Highveld Steel and Vanadium has granted potential bidders a week’s extension for the submission of binding offers. An initial deadline of August 21 had been set, which has now been extended to August 28 at the request of the bidders....
Aug 25, 2015
Article contains comments
President Jacob Zuma on Tuesday called on government, business, and trade unions to work together to prevent job losses in the struggling iron and domestic steel industry sector. “This is a time for unity in the sector so that this critical industry can be supported...
Aug 24, 2015
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In a rare show of collective force, labour and business in the steel sector appear to have successfully lobbied government to back efforts to raise protection for the embattled sector by hiking import duties on steel imports to the 10% “bound rate” allowed for under...
Aug 24, 2015
Aug 21, 2015
Article contains comments
Aug 21, 2015
Aug 20, 2015
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Aug 19, 2015
Integrated steel and vanadium slag producer Evraz Highveld Steel & Vanadium is seeking to sell its subsidiary Mapochs Mine for $10-million to a buyer that will facilitate the rescue of the Limpopo-based mine. A number of preferred bidders were selected in July and...
Aug 14, 2015
China's yuan devaluation signals that global economic conditions have taken a turn for the worse, creating more downward pressure to come for commodity markets, Goldman Sachs said. "The CNY (yuan) devaluation has been important for commodity markets and we believe it...
Aug 12, 2015
Article contains comments
DTI director-general Lionel October
Department of Trade and Industry (DTI) director-general Lionel October has confirmed that various processes are at an advanced stage to offer greater protection to the domestic primary steel industry, as well as to specify the use of locally produced steel in public...
Aug 12, 2015
Trade unions, the National Union of Metalworkers of South Africa, Solidarity and Uasa on Wednesday threatened to start mass pickets and demonstrations to defend jobs and highlight “the brutal plight” faced by workers in South Africa’s industry. This followed a...
Aug 11, 2015
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Minister in the Presidency Jeff Radebe
Amid calls by the South African steel industry for improved tariff protection against the import of inexpensive Chinese steel, Minister in the Presidency Jeff Radebe has cited overarching trade considerations, political alliances and South Africa’s inclusion in the...
Aug 11, 2015
Numsa general secretary Irvin Jim
National Union of Metalworkers of South Africa (Numsa) general secretary Irvin Jim on Tuesday said the dumping of steel by Chinese producers in South Africa was a “crisis”. He added that customs tariffs would be one of the main issues to be discussed at a meeting...
Aug 07, 2015
Government and business agreed in principle on Friday that the current legal approach to finding resolution to the issue of black economic-empowerment ownership of mines should be halted in favour of consultative process to be held under the aegis of the Operation...
Aug 07, 2015
A record 2 200 companies, taking up almost 87 000 m2 of stand space, attended this year’s Bright World of Metals conference, which took place in Düsseldorf, Germany from June 16 to June 20.
Aug 07, 2015
Italian metallurgical process plant and mechanical construction company SMS Meer was contracted in February by Spanish steel producer ArcelorMittal Asturias to revamp the 150 t/h walking beam furnace, which feeds the steel company’s wire-rod mill.
Aug 05, 2015
Article contains comments
Steel product manufacturer Scaw Metals Group announced on Wednesday that the company was contemplating restructuring and had issued a notice in terms of Section 189A of the Labour Relations Act, which could result in a reduction in employee numbers. "This unfortunate...
 
 
 
 
Aug 05, 2015
Steel producer ArcelorMittal South Africa (AMSA) has confirmed the submission of seven new applications to the International Trade Administration Commission of South Africa (Itac) for an increase of customs duties on certain steel products to 10%. The new submissions...
Aug 05, 2015
Article contains comments
Despite missing an initial three-month deadline to conclude the business rescue proceedings of Evraz Highveld Steel and Vanadium, the South African steelmaker’s appointed business rescue practitioners (BRPs) say there is a “reasonable prospect” that the company will...
Aug 05, 2015
Libya's biggest steel firm, Lisco, has shut production for at least a month due to power shortages, its chairman said on Tuesday, closing down the country's biggest industrial company outside the energy sector. Libya has been hit hard by power outages as fighting...
Aug 03, 2015
China failed to comply with a World Trade Organization ruling that found its tariffs on a type of speciality steel products breached global trade rules, a WTO panel said in a ruling on Friday. The ruling noted, however, that China had stopped applying the tariffs in...
Jul 31, 2015
Embattled South African steel producer ArcelorMittal South Africa (AMSA) has offered insight into the “fair pricing model” it has tabled before government in return for tariff protection and a government stipulation that locally manufactured steel be designated for...
Jul 31, 2015
Jul 29, 2015
Mercedes-Benz South Africa (MBSA) has begun the second phase of its aluminium localisation initiative, the company’s strategic business development, procurement and export manager Philip Jooste, told the National Localisation Indaba, in Durban, on Tuesday. This...
Jul 27, 2015
Global steel companies will have to balance efforts focused on globalisation while maintaining an eye on customisation if they are to survive and prosper in a market characterised by excess supply, market concentration and digitalisation, professional services firm...
Jul 27, 2015
Article contains comments
The sharp decline in commodity prices is, on balance, negative for the outlook for the South African rand, new bank research shows, with lower oil prices being more than offset by lower mineral and metals prices. Standard Bank head of South African research Walter de...
Jul 27, 2015
 
 
 
 
Jul 23, 2015
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ArcelorMittal South Africa CEO Paul O’Flaherty
South Africa’s largest steel producer ArcelorMittal South Africa (AMSA) gave notice on Thursday that it was weighing the partial or full closure of its Vereeniging Works, in southern Gauteng, and would make a decision of the plant’s future by the end of August. At...
Jul 22, 2015
A new World Bank report forecasts that all main commodity price indices will decline in 2015, owing to “abundant supplies and, in the case of industrial commodities, weak demand”. The July Commodity Markets Outlook is particularly pessimistic in the outlook for...
Jul 21, 2015
Embattled South African steel producer Evraz Highveld Steel and Vanadium reports that it has received a number of nonbinding expressions of interest from potential investors and that “several” preferred bidders have been identified to participate in a more detailed...
Jul 21, 2015
After earlier this week confirming that it had temporarily ceased steel production at its steelworks, citing working capital constraints and reduced domestic demand, Evraz Highveld Steel and Vanadium on Tuesday said it had issued a proposed restructuring notice in...
Jul 21, 2015
Norman Mbazima
The earnings of South African iron-ore major Kumba plummeted in the six months to June 30 accompanied by a shattering of the iron-ore price, the closing of Thabazimbi mine, a rejigging of the remaining mines and a decision not to declare an interim dividend in a...
Jul 20, 2015
South Africa’s second-largest steelmaker Evraz Highveld Steel and Vanadium confirmed on Monday that it had temporarily ceased steel production at its steelworks, citing working capital constraints and reduced domestic demand mainly owing to a “significant” increase...
Jul 15, 2015
ArcelorMittal South Africa CEO Paul O’Flaherty
ArcelorMittal South Africa (AMSA) CEO Paul O’Flaherty says he is optimistic that a “holistic” solution will be found by September this year to the sustainability challenges currently being experienced by the domestic steel industry. He confirmed in an interview with...
Jul 13, 2015
Article contains comments
The South African government confirmed on Monday that it would support an application by domestic steel companies for across-the-board tariff protection of 10% – South Africa currently had no duties in place on primary steel imports. The International Trade...
Jul 13, 2015
Article contains comments
Henk Langenhoven
Stagnant demand and high production costs are likely to result in declining employment in the metals and engineering sector.
Jul 10, 2015
IMPRESSIVE RESULTS Strenx steel is delivered with a set of guarantees that ensure trouble-free production consistently
Specialised global steel company SSAB’s new brand of steel, Strenx, is a high strength structural steel in the 600 to 1300 MPa range. Strenx performance steel combines the best properties of the three brands it replaces – Optim, Weldox and Domex – from SSAB and...
 
 
 
 
Jul 08, 2015
This eight-page brief is a synopsis of key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel markets, South Africa’s major steel producers and events that have shaped these markets.
Jul 07, 2015
Revising its initial April trading update for the first half of the 2015 financial year, aluminium manufacturer Hulamin on Tuesday said it now expected earnings to plunge by around 40% on the back of lower volumes, electricity supply curtailments, quality issues and...
Jul 03, 2015
The World Steel Association has published the 2015 edition of the World Steel in Figures report, which shows an increase in steel production as well as provides an overview of steel industry activities from crude steel production to apparent steel use.
Jun 22, 2015
The Supreme Court of Appeal’s (SCA’s) November 2014 judgment, ordering steel producer ArcelorMittal South Africa (AMSA) to hand over the 2003 Environmental Master Plan for its Vanderbijlpark steel plant to environmental pressure groups, confirmed the right of civil...
Jun 22, 2015
Faring better than the global average, which saw international crude steel production by the 65 countries reporting to the World Steel Association slump 2.1% year-on-year to 139-million tons in May, South African output remained flat year-on-year, at 550 000 t....
 
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