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Metals News

DTI promises fast-tracked support for downstream steel industry

By: Terence Creamer     17th February 2017 The Department of Trade and Industry (DTI) insists that measures to support the downstream steel industry in South Africa are a priority for government and are being fast-tracked. In a statement outlining the various interventions undertaken since 2015 to support a primary steel sector wracked by... 

Pockets of resilience, but SA’s manufacturing outlook remains fragile

By: David Oliveira     17th February 2017 South Africa’s manufacturing sector is expected to grow by 0.5% this year and by 1.2% in 2018, according to data from economic analysis and forecast provider FocusEconomics. Financial institution Barclays’ latest purchasing managers’ index (PMI) released earlier this month indicates that the... 

Pockets of resilience, but SA’s manufacturing outlook remains fragile

German steel federation sees Chinese overcapacity persisting

By: Reuters     16th February 2017 The German steel federation expects Chinese overcapacity for steel production, which puts pressure on global prices, to persist in the coming years, its president said on Thursday. China's overcapacity was 360-million tonnes last year and is likely to remain well above 300-million tonnes in 2020,... 

China iron-ore slips from record high as steel retreats

By: Reuters     15th February 2017 Iron-ore futures in China fell more than 1% on Wednesday after reaching a record high in a rapid rally spurred by rising steel prices that some market participants feel may have been overdone. Both commodities had started their rally shortly after China returned from the Lunar New Year break... 

AMSA keen to tap power tariff deal as Eskom mulls ‘incentive pricing’  

By: Terence Creamer     10th February 2017 Steel producer ArcelorMittal South Africa (AMSA) is optimistic that Eskom, with the support of the energy regulatory, could extend pricing incentives to it and other energy-intensive businesses in light of its surplus position and government’s appeal for interventions to reignite growth in the... 

AMSA keen to tap power tariff deal as Eskom mulls ‘incentive pricing’
AMSA CEO Wim de Klerk makes the case for further protection for domestic steel industry. Video and editing: Darlene Creamer 10.2.2017

AMSA narrows FY losses

By: Reuters     10th February 2017 ArcelorMittal South Africa (AMSA) narrowed full-year losses by 82%, it said on Friday, citing higher steel prices and a reduction in one-off items. The affiliate of ArcelorMittal, the world's biggest steelmaker, reported a basic headline loss per share of 244c for the year end December 31,... 

Call made for intervention to sustain Gauteng’s key industrial heartland

By: Dylan Slater     10th February 2017 Travelling about 60 km south of Johannesburg through Vereeniging and Vanderbijlpark, a general state of decay is visible in the once thriving industrial heartland known as the Vaal Triangle.  

Call made for intervention to sustain Gauteng’s key industrial heartland

Metals, engineering sector to grow 1.4% this year, but risks remain

By: David Oliveira     10th February 2017 South Africa’s metals and engineering sector is expected to grow for the first time in more than three years this year – with growth estimated at 1.4% – amid rising commodity prices and an improved economic outlook globally and domestically. Speaking at the launch of the ‘State of the Metals and... 

Thabazimbi mine to be transferred to AMSA

By: Anine Kilian     9th February 2017 Kumba Iron Ore has agreed to transfer its Thabazimbi mine, in Limpopo, to ArcelorMittal South Africa (AMSA). Until 2014, the mine was a captive mine owned and run by Kumba subsidiary Sishen Iron Ore Company (SIOC), but was funded by and supplied ore exclusively to AMSA. AMSA is, therefore,... 

IDC hopes to salvage wind-tower plant, but warns liquidation can’t be ruled out 

By: Terence Creamer     8th February 2017 The Industrial Development Corporation (IDC) is hoping to salvage the domestic manufacturing capability established to produce wind-tower sections in the Eastern Cape that was set up in response to government’s demand for higher levels of local content in the renewable-energy sector. However, it... 

IDC hopes to salvage wind-tower plant, but warns liquidation can’t be ruled out
Sections being manufactured at DCD Wind Towers plant, which has been shut since December

AMSA to report narrowed FY16 losses

By: Natasha Odendaal     6th February 2017 JSE-listed ArcelorMittal South Africa (AMSA) expects to report narrowed losses for the year to December 31, which is attributed to the nonrecurrence of the 2015 financial year’s R2.55-billion in one-off items and a R4.25-billion impairment, as well as an increase in steel sales prices and... 

Beijing warns US over high taxes on Chinese steel products

By: Reuters     6th February 2017 China is disappointed at continued high US tax rates on Chinese steel products and will take necessary steps to protect the rights of its enterprises, a Ministry of Commerce official said on Saturday. The United States moved closer to slapping duties on imports of stainless steel sheet and strip... 

Ventilation groups team up in new African collaboration

By: David Oliveira     3rd February 2017 Germany-based TLT-Turbo, and local industrial fans and ventilation companies MechCaL and TLT ACTOM, will team up to produce and distribute a full range of ventilation products for the mining, construction, industrial and power markets in South Africa and wider sub-Saharan Africa (SSA). After... 

Worries over US protectionism 'growing every day' – Nippon steel exec

By: Reuters     2nd February 2017 Worries over US President Donald Trump's protectionist policies are "growing every day", a senior executive at Nippon Steel & Sumitomo Metal Corp said, however, any impact on its US steel exports would be limited. Trump has threatened to ditch the North American Free Trade Agreement (Nafta) that... 

China's war on smog not seen as a game-changer for aluminium market

By: Reuters     2nd February 2017 Top aluminium producer China's battle against pollution has raised the prospect of output cuts, causing prices to rise to 20-month highs, but the rally might have gone too far as oversupply remains a problem. The market excitement was sparked by a Chinese government document proposing that about... 

Metals, engineering sector to grow for the first time in over three years in 2017, but risks remain

By: David Oliveira     27th January 2017 South Africa’s metals and engineering sector is expected to grow for the first time in over three years this year – by 1.4% – amid rising commodity prices and an improved economic outlook both globally and domestically. Speaking at the launch of the ‘State of the Metals and Engineering Sector... 

Metals, engineering sector to grow for the first time in over three years in 2017, but risks remain

Construction steel designation confirmed after intensive lobbying effort

By: Terence Creamer     26th January 2017 The long-awaited stipulation that domestic steel, as well as locally made steel products and components, be used in public-sector construction projects has been welcomed by South Africa’s leading steel producer, as well as by the Southern African Institute of Steel Construction (SAISC). It is the... 

Construction steel designation confirmed after intensive lobbying effort

Rehabilitation work begins to prepare Highveld structural mill for restart

By: Terence Creamer     23rd January 2017 Rehabilitation work at Highveld Steel’s heavy structural mill, located at the mothballed steel plant’s expansive site in Mpumalanga, is under way to prepare the facility for recommissioning, following the conclusion of a supply and marketing deal with ArcelorMittal South Africa (AMSA) in... 

Rehabilitation work begins to prepare Highveld structural mill for restart

Tooling capabilities open up new prospects for SA auto-parts firm

By: David Oliveira     20th January 2017 Cable management solutions provider HellermannTyton South Africa’s 2014 acquisition of PVS Engineering has significantly improved the company’s tooling manufacturing capabilities and placed the company in a strong position within the group internationally. HellermannTyton South Africa network... 

IHS Materials Price Index jumps to 18-month high; emergent weakness to undermine momentum

By: Henry Lazenby     23rd December 2016 Analytics firm IHS Markit reports that its Materials Price Index (MPI) rose for a sixth consecutive week, increasing 1.4% to hit a fresh 18-month high. IHS Global Insight Pricing & Purchasing senior economist Ben Orhan pointed out that ferrous metals once again drove the index higher, gaining... 

IHS Materials Price Index jumps to 18-month high; emergent weakness to undermine momentum

AMSA, Highveld conclude manufacturing agreement 

By: Megan van Wyngaardt     22nd December 2016 Steel manufacturer ArcelorMittal South Africa (AMSA) has concluded a contract manufacturing agreement with embattled Evraz Highveld Steel & Vanadium (Highveld) and its HSM subsidiary, whereby AMSA would supply blooms and slabs to HSM for processing into heavy structural steel. This will result in... 

AMSA, Highveld conclude manufacturing agreement

Local engineers have no faith in NDP – survey

By: Megan van Wyngaardt     20th December 2016 Ninety-one per cent of South African engineers, surveyed in financial planning firm PPS’ Graduate Professional Index, do not believe that government will meet its infrastructure objectives as set out in the National Development Plan, it revealed on Tuesday. The survey, conducted among 400 South... 

Local engineers have no faith in NDP – survey

Black-woman-owned steel manufacturing company launched 

By: Anine Kilian     8th December 2016 Despite the difficult economic climate South Africa currently finds itself in, black-woman-owned steel-manufacturing company RSC Avelo, which was officially launched in Roodepoort, Gauteng on Thursday, aims to be a key player in market, according to MD Mayleen Kyster. “Even though we are in a... 

Black-woman-owned steel manufacturing company launched
RSC Avelo, Roodepoort

TFR opens steel hub to encourage rail transport 

By: Natasha Odendaal     5th December 2016 Transnet Freight Rail (TFR), in conjunction with ArcelorMittal South Africa (AMSA), Barloworld and Grindrod Logistics, have launched a ‘steel hub’ at TFR’s Elandsfontein yard to migrate steel volumes that are being transported by road back onto rail. Two years after first deliberations, last week... 

TFR opens steel hub to encourage rail transport

AMSA shareholders back R2.2bn empowerment deal

By: Terence Creamer     18th November 2016 Shareholders in ArcelorMittal South Africa (AMSA) voted on Friday in favour of a R2.2-billion broad-based black economic empowerment transaction, involving Likamva Resources. The approval was carried by 99.9% of the shares that were eligible to vote. The deal will see Likamva initially hold a 17%... 

 AMSA shareholders back R2.2bn empowerment deal

Eastgate Shopping Centre wins Saisc Award 2016

By: Simone Liedtke     18th November 2016 The group of companies responsible for the multimillion-rand refurbishment of Eastgate Shopping Centre, in Bedfordview, were named as overall winners at the 2016 South African Institute of Steel Construction (SAISC) Steel Awards. 

Eastgate Shopping Centre wins Saisc Award 2016
EASTGATE SHOPPING CENTRE The refurbishment project, completed last month, received the award from SAISC

Investments required for positive growth

By: Simone Liedtke     18th November 2016 With the world markets still suffering the after-effects of maladministered and unsustainable macroeconomic policies, there is not much appetite for large capital projects in South Africa. But economic growth will start only once people are investing, which does not happen without a positive... 

Investments required for positive growth
HYDRA ARC Offshore capital investment will reignite the mining industry and new independent power producer projects

Survival of steel construction industry top priority

By: Simone Liedtke     18th November 2016 This year, the Southern African Institute of Steel Construction’s (Saisc’s) focus has been on ensuring that steelwork is sourced locally to save the local steel industry. 

Survival of steel construction industry top priority
2016 STEEL AWARDS The yearly Saisc Steel Awards provide an excellent platform for members to network

Welding shares steel industry standards

     18th November 2016 The quality and standards of welding are critical to the quality and standards of the steel construction industry owing to the role welding plays in joining the steel sections together in the creation of a steel structure, says the Southern African Institute of Welding (SAIW). 

Welding shares steel industry standards
EXPERIENTIAL LEARNING From the left, Wijnberger from In2Structure with Mthebula and Michelle Warmback from In2Structure

Stainless steel industry participants more optimistic about business conditions

By: Megan van Wyngaardt     17th November 2016 Thirty-eight per cent of the 89 Sassda members who participated in the Southern African Stainless Steel Development Association’s (Sassda’s) Short Track survey for October indicated a positive response to the current order situation. Although a slight deterioration on last month’s 40%, Sassda... 

AMSA announces steel price increases from December 1

By: Terence Creamer     15th November 2016 Steel producer ArcelorMittal South Africa (AMSA) announced on Tuesday that it would be increasing prices on flat- and long-steel products from December 1 – a move it attributed to market movements, rising input costs and the need to staunch losses at its Vanderbijlpark Works. The group outlined... 

AMSA announces steel price increases from December 1

Locomotive fleet to benefit from electromotive diesel technology

     4th November 2016 A South African locomotive fleet that is powered by an electromotive diesel two piston V8, V12 and V16 diesel engine configuration will be the first to benefit from comprehensively equipped heavy diesel engine and component remanufacturing company Metric Automotive Engineering’s sophisticated... 

Locomotive fleet to benefit from electromotive  diesel technology
Photo by Duane Daws
IMPERATIVE STRATEGY Localisation of skills have been cited as a strategic imperative for the railway industry

New technology extended to wagon and passenger bogies

By: Simone Liedtke     4th November 2016 Having become the first rolling stock company in the southern hemisphere to pioneer its own fabricated lightweight, cost-competitive locomotive bogie, South Africa-based locomotives company DCD Rolling Stock is extending its technology to wagon and passenger coach bogies aimed at the global market. 

New technology extended to wagon and passenger bogies
DCD ROLLING STOCK The company has moved away from the traditional casting-based bogie construction and designed its own fabricated bogies using hot rolled steel

Subcontractor working on expansion and skills development programmes

By: Simone Liedtke     4th November 2016 Tier-two subcontract manufacturer to original-equipment manufacturers (OEMs) IEC Holden, which supplies electric motors and generators to the railway, power generation, oil and gas, and mining industries, is currently directly contracted to OEMs that supply the Transnet Freight Rail rail... 

Subcontractor working  on expansion and skills  development programmes
PRODUCT SUPPLY A drive for electric freight locomotive, tested and ready for dispatch

H1 performance points to improved FY performance for Hulamin

By: Natasha Odendaal     28th October 2016 Improved operating performance during the first half of the year – and subsequent improvements in the third quarter – have left JSE-listed Hulamin with expectations of a 20%-plus increase in earnings for the full year. In a trading update to shareholders on Friday, Hulamin highlighted predictions... 

South Africa’s crude steel output drops nearly 3% in September

By: Natasha Odendaal     21st October 2016 South Africa’s crude steel production contracted 2.7% year-on-year to 430 000 t during September, with output for the first nine months of the year down some 8.5% year-on-year to 4.6-million tonnes. Global crude steel production by the aggregate 66 countries reporting to industry body, the World... 

South Africa’s crude steel output drops nearly 3% in September

2016 steel awards uptake proves to be the most successful

By: Aarifah Nosarka     21st October 2016 For this year’s Columbus Stainless Steel Awards, the Southern Africa Stainless Steel Development Association (Sassda) has doubled the number of judging panellists, increased the number of awards and winners, having received more than 50 project entries, which followed the addition of ten more... 

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