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Feb 12, 2016
Updated 42 minutes ago ArcelorMittal South Africa (AMSA) on Friday posted a full-year loss that was 23 times wider than its loss of a year earlier, as the steelmaker grappled with cheap imports from China and rising labour and electricity costs. The ArcelorMittal SA unit, which is...
Feb 11, 2016
Feb 10, 2016
Steel producer Evraz Highveld Steel and Vanadium announced on Wednesday that the Department of Labour had put a “pause” to Training Layoff Scheme (TLS) payments in response to confirmation that the proposed sale of the business to International Resources Limited...
Feb 10, 2016
With confirmation that government and the steel industry are close to finalising a package of measures designed to preserve the future of the embattled primary steel sector, there are concerns that domestic steel consuming industries could be squeezed between...
Feb 08, 2016
The Evraz Highveld Steel and Vanadium business rescue practitioners will now seek to sell individual components of the enterprise as going concerns following a failure to consummate the sale of the entire business to International Resources Limited (IRL), of China....
Feb 08, 2016
Seifsa CEO Kaizer Nyatsumba
The metals and engineering sector, which has been underperforming in recent years, will come under microscopic scrutiny when stakeholders from business, labour and government meet at the second Southern African Metals and Engineering Indaba in May. Former Deputy...
Feb 05, 2016
The practitioners overseeing business rescue proceedings at Evraz Highveld Steel and Vanadium reported on Friday that the proposed transaction to sell the business as a going concern to International Resources Limited, of China, had failed. In an operational and...
Feb 05, 2016
Government is working closely with all stakeholders in the steel sector to secure agreement on a comprehensive package of measures to support South Africa’s primary steel production capabilities, it said on Friday.   The domestic steel sector was struggling amid a...
Feb 05, 2016
Feb 04, 2016
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Feb 04, 2016
Article contains comments
Jan 29, 2016
Article contains comments
 
 
 
Jan 27, 2016
A years-long battle over allegations of a price-fixing cartel in the galvanised wire and wire products industry continued this week as the Competition Tribunal sat down to hear arguments from wire and wire products manufacturers Allens Meshco and Cape Gate, along...
Jan 26, 2016
The World Bank has lowered its 2016 price forecast for 37 of the 46 commodities it monitors and has warned that low prices for oil and other commodities are “likely to be with us for some time”. The bank’s latest ‘Commodity Markets Outlook’ cut its price outlook for...
Jan 25, 2016
While crude steel output from the 66 steel producing countries reporting to industry body worldsteel saw a 2.8% year-on-year drop to 1.62-billion tonnes, South Africa managed to lift its output by 16.3% over the 12 months, delivering 7.6-million tonnes of steel and...
Jan 18, 2016
After announcing in December that it would undertake a R4.5-billion fully underwritten renounceable rights offer, ArcelorMittal South Africa (AMSA) said on Monday that the offer, which closed on January 15, was undersubscribed, with only 68.1% of the offered shares...
Jan 07, 2016
Steel producer ArcelorMittal South Africa (AMSA) confirmed on Wednesday that it had submitted applications to the International Trade Administration Commission of South Africa (Itac) in December for “specific safeguard duties” on bars and rods, rebar, wire rod, hot...
Dec 22, 2015
South Africa has instituted rates on five categories of steel wire rod and steel reinforcing bar, increasing protection for an industry battered by slower demand and dumping from China. Effective December 18, certain steel products would attract a 10% duty.
Dec 14, 2015
Paul O’Flaherty
ArcelorMittal South Africa (AMSA) CEO and executive director Paul O’Flaherty has resigned, citing a wish to “pursue other interests”. He would step down after the announcement of the 2015 year-end results on February 12, 2016, after which he would be appointed as a...
Dec 14, 2015
Aluminium supplier Hulamin has agreed terms with Nampak for the supply of some 110 000 t of rolled aluminium can end, can body and can tab stock over a three-year period, starting in April next year. The previous supply agreement totalled about 50 000 t and...
Dec 11, 2015
Dec 07, 2015
In an attempt to limit the impact of business rescue on employees, Evraz Highveld Steel and Vanadium has inked a deal with trade unions and the Department of Labour (DoL) that would see 600 staff placed on a six-month skills improvement programme. Funded by the...
 
 
 
 
Dec 02, 2015
Creditors have voted in favour of a business rescue plan for Evraz Highveld Steel and Vanadium’s (Highveld’s) 74%-owned Mapochs mine. The mine would thus avoid liquidation and remain in business, Highveld said on Wednesday.
Nov 20, 2015
South Africa’s crude steel production increased by 23.8% year-on-year to an estimated 650 000 t in October. Global crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was down 3.1% year-on-year to 134-million tons.
Nov 20, 2015
Students from the Southern African Institute of Steel Construction (SAISC) School of Draughting at Genrec Engineering, in Wadeville, Germiston, have excelled in the recently held on October 2nd  University of Johannesburg Department of Civil Engineering Technology’s...
Nov 20, 2015
OVERALL WINNER The Square Kilometre Array Africa Radio Antenna Positioner was the overall winner of Steel Awards 2015, as well as the event's Tubular category
Southern African Institute of Steel Construction (SAISC) Awards convenor Spencer Erling says the quality of the entries for this year’s Steel Awards easily matched the outstanding quality of previous years. “We are going through very tough times in the steel...
Nov 20, 2015
PROJECTS OF SUBSTANCE NEEDED The most important issue facing the steel construction today is the lack of meaningful projects
The Southern African Institute of Steel Construction (SAISC) is certainly not pessimistic about the future, even though the steel construction industry is currently under significant pressure, notes CEO Paolo Trinchero. He says: “To consolidate the efforts of...
Nov 20, 2015
KFC RESTAURANT IN UMTATA Several high-profile users, including the leading fast food chains in South Africa, are changing their building philosophy to include the rolling out of sustainable light steel frame building restaurants
It can be argued that light steel frame building (LSFB) is no longer an alternative building method in South Africa as it has become the first choice of many leading contractors and developers, says Southern Africa Light Steel Frame Building Association (Sasfa)...
Nov 20, 2015
KOBUS DE BEER Local content designation indicates government’s commitment to protect the jobs and capabilities in the steel industry
As localisation has become a critical issue in the South African steel industry, government’s recent designation of steel power pylons, monopole pylons, steel substation structures, powerline hardware, street lighting steel poles and steel lattice towers and masts is...
Nov 20, 2015
PAOLO TRINCHERO Many people are not aware that the Association of Steel Tube and Pipe Manufacturers and the Southern African Institute of Steel Construction have been working together over many years
The Association of Steel Tube and Pipe Manufacturers (ASTPM) and the Steel Tube Export Association of South Africa (Steasa) have been absorbed into the Southern African Institute of Steel Construction (SAISC) group. “Both these organisations will retain their...
Nov 20, 2015
NATAL SPRUIT BRIDGE Tass Engineering is building an architectural bridge that is 32 m long, 3.5 m wide and 7.7 m high at its premises for a Natalspruit project, in Heidelberg
Structural engineering company Tass Engineering has streamlined its business by reducing expenses and concentrating on maintaining its skills set to remain competitive, despite a stagnant demand for skills and a lack of development in the steel construction industry...
Nov 13, 2015
Steel wire and wire products producer Hendok, of Durban, has called on ArcelorMittal South Africa (AMSA) to withdraw its application for protection on wire rod, warning that any increase in the cost of the key input material will result in a reduction of domestic...
 
 
 
 
Nov 13, 2015
Nov 12, 2015
Two leading steel processing companies will make a submission to International Trade Administration Commission of South Africa (Itac) to voice their objection to ArcelorMittal South Africa’s (AMSA’s) application for tariff protection of 10% on hot-rolled coil (HRC)....
Nov 10, 2015
Article contains comments
President Barack Obama has placed South Africa on Agoa notice
A senior US Embassy official said on Tuesday that “significant” progress had been made in narrowing the differences between South Africa and the US on the so-called “three meats” issue and that he was optimistic the outstanding differences would be resolved before...
Nov 10, 2015
The battle over the future of Evraz Highveld Steel & Vanadium (Highveld) has intensified with Evraz seeking to urgently interdict the business rescue process, alleging that shareholder and creditor rights have been violated. The business rescue practitioners (BRP),...
Nov 09, 2015
Industry body, the National Employers Association of South Africa (Neasa) has launched a South African Steel Lobby that will advocate for the shelving of the antidumping application by primary steel producers and will look to negotiate an improved model for...
Nov 06, 2015
Nov 06, 2015
Earlier this month the World Steel Association (worldsteel) launched its Steel in a Sustainable World online series and CEO Insights to highlight the role of the global steel industry in creating a sustainable future for the planet. CEOs from seven leading steel...
Nov 06, 2015
Established in 1983, Macneil Steel & Valves (MSV) is involved in the importing, stocking, sales and distribution of many types of industrial valves. It is also the official distributor of South African valve manufacturer, Dynamic Fluid Control (DFC), which includes...
Nov 06, 2015
Nov 05, 2015
Embattled steelmaker Evraz Highveld Steel & Vanadium (Highveld) on Thursday filed a notice of intention to oppose the urgent court proceedings aimed at having its business rescue plan halted and set aside. Two companies linked to Highveld's parent company LSE-listed...
 
 
 
 
Nov 04, 2015
Trade union Solidarity is preparing to challenge an urgent High Court application to have embattled steelmaker Evraz Highveld Steel & Vanadium’s (Highveld’s) business rescue plan halted and set aside. Two companies linked to Highveld's parent company LSE-listed Evraz...
Nov 03, 2015
Anglo American’s Kumba Iron Ore reported on Tuesday that it was considering the legal and practical implications of the conditions proposed by the Department of Mineral Resources (DMR) in relation to an amendment of the Sishen Iron Ore Company’s (SIOC’s) mining...
Oct 30, 2015
The two Evraz-linked companies that recently instituted legal action to have the Evraz Highveld Steel & Vanadium (Highveld) business rescue plan declared invalid and the October 13 creditors vote set aside, are now also seeking an urgent interdict to prevent Highveld...
Oct 23, 2015
Two Evraz-linked companies, East Metals and Mastercroft, have approached the High Court to have the Evraz Highveld Steel and Vanadium (Highveld) business rescue plan declared invalid and for the October 13 vote by creditors supporting the plan to be set aside. East...
Oct 23, 2015
Seifsa economist Henk Langenhoven
Price instability and weak performance have hammered South Africa’s manufacturing sector. All major sectors under the manufacturing umbrella – from paper and publishing and clothing and textiles, to chemicals, automotive, food and metals – were performing below full...
 
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