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Metals News

Scaw may retrench workers as it considers restructuring 

By: Natalie Greve     5th August 2015 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 decision has been... 

AMSA makes yet more submissions to Itac for steel protection

By: Terence Creamer     5th August 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 cover plate, hot-rolled coil,... 

AMSA makes yet more submissions to Itac for steel protection

‘Reasonable’ prospect of Evraz Highveld recovering from business rescue, say practitioners 

By: Natalie Greve     5th August 2015 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 be rescued in accordance with... 

‘Reasonable’ prospect of Evraz Highveld recovering from business rescue, say practitioners

‘Fair’ steel pricing model will cap good-times upside, offer bad-times collar

By: Terence Creamer     31st July 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 used public infrastructure... 

‘Fair’ steel pricing model will cap good-times upside, offer bad-times collar

AMSA flags iron-ore import plan as it seeks new pricing deal with Kumba 

By: Terence Creamer     31st July 2015 Steel producer ArcelorMittal South Africa (AMSA) signalled on Friday that it was aiming to reopen historically fraught iron-ore pricing negotiations with Kumba Iron Ore, with CEO Paul O’Flaherty describing the current cost-plus arrangement as unsustainable in light of dramatic declines in... 

AMSA flags iron-ore import plan as it seeks new pricing deal with Kumba
ArcelorMittal South Africa CEO Paul O’Flaherty on the new iron-ore deal it is pursuing with Kumba. Camera Work & Editing: Nicholas Boyd. Recorded: 31.7.2015

Use of aluminium vehicle body panels on the rise

By: Shirley le Guern     29th July 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 included a greenfield project with... 

Use of aluminium vehicle body panels on the rise

Steelmakers urged to globalise, customise, digitalise

By: Natalie Greve     27th July 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 EY’s latest yearly global steel... 

Steelmakers urged to globalise, customise, digitalise

Weak commodities to weigh on rand, current account and growth 

By: Terence Creamer     27th July 2015 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 Wet highlights that crude oil... 

Weak commodities to weigh on rand, current account and growth

Hulamin focuses on growing local demand amid global headwinds 

By: Megan van Wyngaardt     27th July 2015 Weakened demand from China, paired with the ongoing electricity challenges in South Africa, have led to JSE-listed Hulamin’s headline earnings a share falling to 25c a share for the six months to June 30, compared with 40c in the first half of last year. Further, the company’s earnings before... 

Hulamin focuses on growing local demand amid global headwinds
Hulamin CEO Richard Jacob discusses the company's outlook

‘Poor citizen’ AMSA promises to mend ways as it seeks support to save Vereeniging and company 

By: Terence Creamer     23rd July 2015 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 the same time, CEO Paul... 

‘Poor citizen’ AMSA promises to mend ways as it seeks support to save Vereeniging and company
Photo by Duane Daws
ArcelorMittal South Africa CEO Paul O’Flaherty

All commodity price indices to decline in 2015 – World Bank

By: Terence Creamer     22nd July 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 metals prices, which are now... 

All commodity price indices to decline in 2015 – World Bank

Evraz Highveld sets Aug 21 target date for binding buy-out offers

By: Terence Creamer     21st July 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 bidding phase, which is... 

Evraz Highveld sets Aug 21 target date for binding buy-out offers

Evraz Highveld moves to cut half its workforce

By: Natalie Greve     21st July 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 terms of Section 189 that could... 

Evraz Highveld moves to cut half its workforce

Kumba Iron Ore earnings plunge, dividend dumped, mines rejigged

By: Martin Creamer     21st July 2015 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 company that has been a... 

Kumba Iron Ore earnings plunge, dividend dumped, mines rejigged
Photo by Duane Daws
Norman Mbazima

Cash-hungry steelmaker Evraz Highveld halts operations

By: Natalie Greve     20th July 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 in steel imports from China.... 

Cash-hungry steelmaker Evraz Highveld halts operations

‘Holistic’ steel solution involves ‘fair pricing’ versus protection trade-off

By: Terence Creamer     15th July 2015 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 Engineering News Online that... 

‘Holistic’ steel solution involves ‘fair pricing’ versus protection trade-off
Photo by Duane Daws
ArcelorMittal South Africa CEO Paul O’Flaherty

Govt ready to back steel industry’s bid for tariff protection 

By: Terence Creamer     13th July 2015 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 Administration Commission of South... 

Govt ready to back steel industry’s bid for tariff protection

Metals, engineering sector challenges will affect employment – Seifsa 

By: Sashnee Moodley     13th July 2015 Stagnant demand and high production costs are likely to result in declining employment in the metals and engineering sector.  

Metals, engineering sector challenges will affect employment – Seifsa
Photo by Duane Daws
Henk Langenhoven

Global steel company launches new high-strength product

     10th July 2015 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 metal-based components and... 

Global steel company launches new  high-strength product
IMPRESSIVE RESULTS Strenx steel is delivered with a set of guarantees that ensure trouble-free production consistently

Creamer Media publishes Real Economy Insight: Steel 2015 brief

     8th July 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. 

Creamer Media publishes Real Economy Insight: Steel 2015 brief

Hulamin expects double-digit plunge in H1 earnings

By: Natasha Odendaal     7th July 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 a lagging metal price. Hulamin... 

Hulamin expects double-digit plunge in H1 earnings

2014 global steel output up 1% to 1.67bn tons

By: Zandile Mavuso     3rd July 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. 

SCA judgment sets precedent for public access to enviro information

By: Schalk Burger     22nd June 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 society to environmental... 

SCA judgment sets precedent for public access to enviro information

S Africa’s crude steel output remains flat in May

By: Natalie Greve     22nd June 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. Output from the world’s largest... 

S Africa’s crude steel output remains flat in May

AMSA, Solidarity sign 3-year wage deal 

By: Creamer Media Reporter      18th June 2015 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. Wage increases for 2016 and... 

AMSA, Solidarity sign 3-year wage deal

Proposed electricity hikes will cripple metals sector – Seifsa

By: Natasha Odendaal     17th June 2015 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 sector, which was already... 

Proposed electricity hikes will cripple metals sector – Seifsa
Photo by Duane Daws
Seifsa chief economist Henk Langenhoven

Evraz CFO steps down

By: Megan van Wyngaardt     15th June 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 practitioners (BRPs) had... 

Evraz CFO steps down

Commission gives conditional approval for Hebei, Duferco merger

By: Sashnee Moodley     11th June 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.  

Commission gives conditional approval for Hebei, Duferco merger

New long glass fibres used to manufacture axial impellers

By: Bruce Montiea     5th June 2015 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 the product was introduced to... 

New long glass fibres used to manufacture  axial impellers
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

Bahrain-based group to inaugurate $50m Moz aluminium factory 

By: Natalie Greve     3rd June 2015 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, in Maputo, Mozambique. Midal... 

Bahrain-based group to inaugurate $50m Moz aluminium factory

Hazleton Pumps, Scaw come out top in Seifsa Awards

     29th May 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 Thursday night. Steel products... 

Hazleton Pumps, Scaw come out top in Seifsa Awards

Company attributes success to diverse offering

     29th May 2015 Stainless steel stockist and distributor NDE attributes its business success to catering to a diverse range of customers. 

Company attributes success to diverse offering
ADDING VALUE NDE has long-serving, experienced professionals who are structured into teams dedicated to delivering on product, sales, projects and exports

Company launches new stainless steel processing range

     29th May 2015 Tools company Dormer Pramet has developed a new range of chipbreaker inserts with positive NF geometry for the process of turning stainless steel. 

Company launches  new stainless steel  processing range
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

Large stainless steel localisation potential in power generation industry

By: Dylan Slater     29th May 2015 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). 

Large stainless steel localisation  potential in power generation industry
MARKET POTENTIAL Fischer SA will receive an additional tube mill by 2016 to complement the current five mills at its Centurion-based factory

Stainless steel improves handrailing safety

     29th May 2015 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. 

Stainless steel improves handrailing safety
BENEFICIAL MATERIAL Stainless steel handrailing offers numerous benefits among which is increased safety

Stainless steel motors offer hygienic solution

     29th May 2015 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. 

Stainless steel motors  offer hygienic solution
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

BRPs appoint Evraz Highveld CFO, to publish business rescue plan in Aug

By: Megan van Wyngaardt     28th May 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 chartered accountant with... 

BRPs appoint Evraz Highveld CFO, to publish business rescue plan in Aug

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