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Metals News

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... 

Public Works thanks outgoing ECSA council 

By: Megan van Wyngaardt     27th September 2016 The Department of Public Works (DPW) will ensure that the Engineering Council of South Africa (ECSA) and its registered members continue to play an important role in the implementation of government’s National Development Plan. Speaking on behalf of Public Works Minister Thulas Nxesi at ECSA’s... 

Public Works thanks outgoing ECSA council

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... 

New technology optimises manufacturing process

By: Simone Liedtke     23rd September 2016 Cape Town-based aluminium-frame structure manufacturer Speed Structures is adapting skill sets to enhance adaptability of temporary structures for a variety of applications, such as military, warehousing and agriculture, as well as the traditional event, exhibition and festival industry. 

New technology             optimises manufacturing process
Photo by Speed Structures
CLEAR-SPAN MARQUEE An example of a clear-span marquee, with clear spaces between the vertical columns

South32 aluminium production unchanged in FY2016

By: Simone Liedtke     23rd September 2016 Mining resources company South32 announced in its full report for the 2016 financial year that South Africa aluminium saleable production was largely unchanged in, as the impact of electricity load-shedding events were lower than expected, particularly in the December 2015 half-year. 

South32 aluminium  production unchanged  in FY2016
Photo by Bloomberg
ALUMINIUM SMELTING Aluminium being smelted for semi-finished products

Uncompetitive scrap metal prices causing further decline in industry

By: Simone Liedtke     23rd September 2016 Unless strong action is immediately taken to stem the export of scrap metal and keep it in South Africa at competitive prices, the scrap beneficiating industry will further decline, and directly affect the aluminium sector, says aluminium foundry alloys producer Zimco Aluminium Company (Zimalco)... 

Uncompetitive scrap metal prices causing further decline in industry
Photo by Bloomberg
ALUMINIUM SMELTING PLANT Scrap and aluminium metals are being processed further into semi-finished products

Global steel production rises 1.9% y/y in August

By: Megan van Wyngaardt     21st September 2016 World crude steel production for the 66 countries reporting to the World Steel Association rose 1.9% year-on-year to 134.1-million tonnes in August. China’s crude steel production for August was 68.6-million tonnes, an increase of 3%, while Japan’s production was up 1.5% to 8.9-million tonnes. 

UIF commits nearly R12m to training scheme for Scaw Metals employees

By: Megan van Wyngaardt     19th September 2016 The Unemployment Insurance Fund (UIF) has committed R11.9-million to the Manufacturing Engineering and Related Services Sector Education and Training Authority to fund the training of 325 Scaw Metals employees for six months. This follows the approval of Scaw Metals’ application to the Commission... 

UIF commits nearly R12m to training scheme for Scaw Metals employees

SMS group contracted to revamp aluminium plant

By: Zandile Mavuso     16th September 2016 Plant supplier SMS group has been contracted by aluminium processing company Impol Seval to revamp its aluminium hot rolling mill in Serbia. 

Polyflat belt an alternative to steel ropes

     9th September 2016 Technical rubber supplier ContiTech notes that the Polyflat can be used as an alternative to steel ropes in lifting and conveying technology as it extends service life, lasting up to three times longer than a comparable steel rope. The company details that the Polyflat consists of steel cords... 

Wire products’ importance in the microworld emphasised

     9th September 2016 Progress in areas such as transport and power engineering are closely related to ongoing developments in the wire and wire-processing industry and the increasing miniaturisation in many areas of technology is only possible with the help of suitable wire products. These are based on wire made from... 

Wire products’ importance in the microworld emphasised
Photo by Duane Daws
WIRE-PROCESSING The wire in wre-processing is made from a variety of metals and with a diameter between 0.5 mm and 2.5 mm

Seifsa welcomes G20 leaders’ decision to address steel glut

     6th September 2016 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) welcomes the decision by the Group of 20 (G20) leaders to address excess global steel capacity. Seifsa CEO Kaizer Nyatsumba on Tuesday said the decision, announced at the G20 leaders’ summit in Hangzhou, China, on Monday,... 

G20 pledges to tackle global steel glut, quell China tensions

By: Reuters     5th September 2016 G20 leaders have pledged to work together to address excess steel capacity that has punished the global industry with low metal prices for years while raising tensions between China and other major producers. A statement from the White House said that leaders at the G20 summit in Hangzhou,... 

G20 pledges to tackle global steel glut, quell China tensions

Preventative measures necessary to stop China dumping steel – Solidarity 

By: Natasha Odendaal     30th August 2016 Trade union Solidarity on Tuesday raised an alarm about the potential collapse of South Africa’s already-strained steel industry as cheap imports and “unfair trade practices” threaten the sustainability of local steel producers. Presenting its views to the International Trade Administration... 

Preventative measures necessary to stop China dumping steel – Solidarity 

IDC seeks strategic partner for struggling Scaw unit

By: Terence Creamer     30th August 2016 The Industrial Development Corporation (IDC) has initiated a process to find a strategic equity partner for its struggling steel subsidiary Scaw Metals, which reported a loss of over R1-billion for 2016. Speaking at the IDC’s financial results at the Coega Industrial Development Zone, in the... 

IDC seeks strategic partner for struggling Scaw unit
Photo by Duane Daws
IDC CEO Geoffrey Qhena

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. 

Govt, AMSA reach accord on steel price 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

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

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
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