Metals
Aluminia
Guinea alumina output fell 70% in 2012
Guinea's alumina production fell nearly 70% in 2012 compared with the previous year owing to a prolonged shutdown of the 630 000 t Fria refinery operated by RUSAL, the finance ministry said on Thursday.Work at the Fria refinery was suspended since...
By: Reuters
07 Feb 13
CORPORATE ACTIVITY
Formal process initiated for sale of Macsteel’s African business
A formal process was initiated on Wednesday for the sale of Macsteel Service Centres SA (MSCSA), which is one of South Africa’s most substantive privately owned enterprises.
The current shareholders include steel industry doyen Eric Samson and...
By: Terence Creamer
06 Feb 13
STEEL MARKET
SA steel prices rise in early 2013 on weak rand, global uptick
Steel group ArcelorMittal South Africa (Mittal), which slumped to a R518-million headline loss in 2012, has confirmed that it has already raised prices twice in 2013 to compensate for a weakening rand and higher international steel prices.
Chief...
By: Terence Creamer
06 Feb 13
IRON-ORE
N Cape iron-ore drilling campaign at advanced stage - Mittal
Steel producer ArcelorMittal South Africa is moving ahead with iron-ore exploration on three Northern Cape farms in the coming few months and expects to be in a position to provide a reserve estimate in the coming months.
The company, which is...
By: Terence Creamer
06 Feb 13
POWER & STEEL
Mittal cuts capacity as power surges, takes buy-back knock
JSE-listed steel producer ArcelorMittal South Africa (Mittal) has again warned that further sharp increases in South Africa’s electricity prices could be “catastrophic” for both its operations, as well as the downstream industries that it...
By: Terence Creamer
06 Feb 13
STEEL
Alert Steel CEO resigns
AltX-listed Alert Steel on Wednesday said its CEO Johan du Toit had resigned and would serve his notice until February 28. The share price of the embattled steel retailer, which reported a loss and headline loss a share of 5.4c and 4.3c...
06 Feb 13
STEEL
Mittal slumps to R518m 2012 loss, looking to break even in Q1
Steel group ArcelorMittal South Africa (Mittal) slumped to a R518-million headline loss for the year ended December 31, 2012, on weak market conditions – a sharp pullback from the headline loss of R52-million recorded in the previous financial...
By: Terence Creamer
06 Feb 13
METAL RECYCLING
Comments sought on SA’s proposed metal scrap restrictions
The South African Institute of Foundrymen (SAIF) has come out in support of a draft government proposal to restrict the export of ferrous and nonferrous scrap metal through a mechanism stipulating that domestic consumers are given first right of...
By: Terence Creamer
05 Feb 13
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Metals Multimedia
Kumba considers terminating supply to ArcelorMittal SA, as iron-ore dispute heats up
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