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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
Article contains comments
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 23, 2015
Africa's biggest steel maker ArcelorMittal South Africa flagged as much as 14-fold wider half-year loss on Thursday, citing tough trading conditions and higher finance costs. Steel makers across the world are suffering from weak prices due to a global oversupply of...
Jul 23, 2015
Global crude steel output fell 2% in the first half of the year, mainly due to continued weakness in top producer China and elsewhere in Asia, figures from the World Steel Association showed on Wednesday.      Global steel output in the first six months of the year...
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
Jul 21, 2015
Jul 21, 2015
Jul 20, 2015
 
 
 
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 13, 2015
Article contains comments
ArcelorMittal South Africa CEO Paul O'Flaherty
Africa's largest steel maker, ArcelorMittal South Africa, has asked the government to impose a 10% import duty on steel and in return it may offer shares to black empowerment partners, a newspaper reported on Sunday. Shares in the unit of the world's largest producer...
Jul 09, 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 06, 2015
Article contains comments
Most commodity prices suffered falls on Monday, compounding worries about oversupply, after Greece rejected terms for a bailout and top consumer China unleashed emergency measures over the weekend to prevent a full-blown stock market crash. Brent crude fell below $60...
Jul 02, 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.
Jul 02, 2015
ArcelorMittal, the world's largest producer of steel, will cut 2 800 jobs at its Mexico unit as global prices slump, it said in a joint statement with local competitors on Wednesday, while accusing Russia, China and Turkey of dumping steel on markets at levels below...
 
 
 
 
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....
Jun 18, 2015
Article contains comments
Trade union Solidarity and ArcelorMittal South Africa (AMSA) have signed a three-year wage deal. Solidarity metal industry head Marius Croucamp said AMSA employees would receive an increase of either 6.2% or 6.5%, depending on the employee’s job level, for this year....
Jun 17, 2015
Seifsa chief economist Henk Langenhoven
Yielding to State-owned power utility Eskom’s “massive” tariff hike requests will cripple a critical engine of the South African economy – the metals and engineering sector, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has warned. The...
Jun 15, 2015
Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium announced on Monday that Valery Borisov had resigned as executive director and CFO, effective immediately. The company had, however, announced last month that its business rescue...
Jun 11, 2015
The Competition Commission has given its approval for the intermediate merger between Chinese-owned Hebei Iron and Steel Group and Swiss steel trader Duferco International Trading Holding SA, with conditions.
Jun 04, 2015
FIBRE-GLASS REINFORCEMENT BASF’s new long glass fibre-reinforced polyamide Ultramid Structure B3WG10 LFX is used in the production of mixed flow fan hubs
Denmark-based axial impellers developer Multi-Wing International A/S has been using chemical company BASF’s new long glass fibre-reinforced polyamide Ultramid Structure B3WG10 LFX material in the production of the hubs of its new mixed flow fans since January, when...
Jun 02, 2015
Article contains comments
Describing Mozambique as an “excellent” platform from which to serve key markets in Africa, Bahrain-based industrial group Midal Cables would on Wednesday launch a $50-million, 14 500 m2 aluminum factory located adjacent to the Mozal joint venture aluminium smelter,...
May 29, 2015
South African pump manufacturer Hazleton Pumps International took top honours in the Most Innovative Company and Customer Service of the Year categories of the Steel and Engineering Industries Federation of Southern Africa’s (Seifsa’s) Awards for Excellence, on...
May 28, 2015
ADDING VALUE NDE has long-serving, experienced professionals who are structured into teams dedicated to delivering on product, sales, projects and exports
Stainless steel stockist and distributor NDE attributes its business success to catering to a diverse range of customers.
 
 
 
 
May 28, 2015
THREAD MILLING CUTTERS The new cutters of the tread milling range are recommended for machining steel, stainless steel, cast-iron, titanium, nickel, copper, aluminium and plastics
Tools company Dormer Pramet has developed a new range of chipbreaker inserts with positive NF geometry for the process of turning stainless steel.
May 28, 2015
MARKET POTENTIAL Fischer SA will receive an additional tube mill by 2016 to complement the current five mills at its Centurion-based factory
The production of specialised products, such as stainless steel heat-exchanger tubing, for the industrial power generation industry could hold significant benefits for local stainless steel manufacturer Fischer South Africa (SA).
May 28, 2015
BENEFICIAL MATERIAL Stainless steel handrailing offers numerous benefits among which is increased safety
Stainless steel handrailing can be used in various industries to ensure the safety of personnel and compliance with hygiene standards, says precision engineering company Andrew Mentis.
May 28, 2015
ADVANCED LINE The robust, sealed design of this motor line's external parts in noncorrosive stainless steel means that the vane motors are predestined for use in the food industry
Stainless steel air motors are a good option for the food and beverage industry, which has to focus on hygiene when implementing automated production processes, says automation and air-motor company Deprag.
May 28, 2015
Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium’s business rescue practitioners (BRPs) have appointed nonexecutive director Andrew Phillip Maralack acting CFO of the company, with immediate effect. Maralack was a qualified...
May 28, 2015
Article contains comments
DTI deputy director-general Garth Strachan
A senior Department of Trade and Industry (DTI) official has admitted that the roll-out of South Africa’s industrial policy has, to date, been “suboptimal”, partly owing to a lack of coordination within government on key elements of the policy, including local...
May 27, 2015
Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium on Wednesday announced that a dispute with financial services provider Sasfin Bank had been resolved. On Monday, Evraz Highveld said it had launched an urgent High Court...
May 25, 2015
Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium has launched a High Court application against financial services provider Sasfin Bank. The JSE-listed company on Monday said that, in the application, which was submitted to the...
May 22, 2015
South Africa’s crude steel production dropped by a sizeable 17.2% year-on-year to an estimated 530 000 t in April, amplifying a global trend that saw world steel production decline by a comparatively marginal 1.7% to 135-million tons in the fourth month of the year....
May 20, 2015
Energy and chemicals group Sasol has expanded the production capacity of its alumina spheres plant in Brunsbüttel, Germany, to 4 000 t/y. “The expansion marks another step in strengthening our position in the alumina market to meet growing market demand for carrier...
 
 
 
 
May 20, 2015
The local metals and engineering sector cannot grow as a result of South Africa’s unreliable energy supply and the fact that, on average, energy costs in the sector account for about 8% of intermediary input costs, Steel and Engineering Industries Federation of...
May 19, 2015
Article contains comments
Economic data released during the first quarter of the year show alarming trends in the metals and engineering sector, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Tuesday. The data also confirmed the organisation’s forecasts...
May 11, 2015
The Department of Trade and Industry (DTI) has announced a further set of product designations for local procurement by the public sector and has indicated that efforts will be stepped up during 2015 to improve compliance across all government departments and...
May 07, 2015
AMSA CEO Paul O’Flaherty
South Africa’s leading steel producer ArcelorMittal South Africa (AMSA) reported a 4.9% fall in sales for the quarter ended March 31, 2015, when compared with the same period in 2014. The decrease was attributed to lower exports, which declined by 156 000 t period on...
May 05, 2015
 
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