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May 28, 2014
Article contains comments
South African steel producer ArcelorMittal South Africa (AMSA) is currently lobbying National Treasury around the country’s proposed carbon tax, appealing that large-scale industrial steel manufacturers be exempt from the proposed carbon tax and rather be beholden to...
May 28, 2014
Despite challenging industry conditions, world steel demand grew by 3.6% during 2013, the World Steel Association (worldsteel) said on Wednesday. In its World Steel in Figures 2014 report the association also noted that world crude steel production totalled...
May 23, 2014
Paul O'Flaherty
ArcelorMittal South Africa (AMSA) has appointed former Eskom Holdings FD and group executive Paul Sean O’Flaherty CEO and executive director, effective July 1, replacing Nonkululeko Nyembezi-Heita who stepped down in February. Dr Hans Ludwig Rosenstock, who assumed...
May 21, 2014
JSE-listed steel group Evraz Highveld Steel and Vanadium on Wednesday renewed its cautionary announcement, saying its parent company Evraz is still in negotiations with potential buyers for its 85% shareholding in the South African business. “Shareholders are advised...
May 20, 2014
Creamer Media’s Steel 2014 report provides an overview of the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon steel and stainless steel...
May 13, 2014
Steel, tube and pipe manufacturer Robor has announced the launch of an industry-related mobile phone application (app) that provides users with information regarding the group’s product range as well as providing access to other resources applicable to steel products...
May 09, 2014
Acting CEO Dr Hans Rosenstock
JSE-listed steel producer ArcelorMittal South Africa (AMSA) has shortlisted three potential CEO candidates, who are currently going through a final board-selection process. Acting CEO Dr Hans Rosenstock said on Friday that the board would make an “appropriate...
May 09, 2014
South Africa’s largest steel producer ArcelorMittal South Africa (AMSA) does not expect South Africa’s weak domestic steel market to show any sign of recovery until after June, and has warned that the protracted platinum industry strike is exacerbating already weak...
May 09, 2014
Apr 25, 2014
Apr 22, 2014
Apr 17, 2014
 
 
 
Apr 16, 2014
Michael Garcia
Steel and vanadium producer Evraz Highveld Steel and Vanadium on Wednesday appointed executive director and FD Jan Valenta CEO, with immediate effect, after Michael Garcia stepped down. Olga Luzik would replace Valenta, who was appointed FD and director in 2011.
Apr 15, 2014
Ghana has banned the export of ferrous scrap metal immediately in a bid to make more raw material available to sustain the West Africa country's steel industry, Trade Minister Haruna Iddrisu said on Tuesday. Iddrisu said the government was also drafting legislation...
Mar 31, 2014
AltX-listed steel retailer Alert Steel on Monday reported a 14.7% increase in its headline loss, for the six months ended December 31, to R31.8-million as difficult trading conditions persisted. This translated into an 11.6% increase in the loss a share from 62.1c...
Mar 27, 2014
In the first monthly decrease of the year, the South African Chamber of Commerce and Industry’s (Sacci’s) Copper Theft Barometer dropped from R11.4-million in January to R10.7-million in February, settling at a figure 2.7% lower than a year before. As a result, the...
Mar 21, 2014
NEW COATING The hardness of the new coating ensures no brittleness, flaking or distortions
Local components manufacturer Carlmach Engineering has introduced a new wear-and-impact resistant (WAIR) coating, specifically designed for use in abrasive and slurry applications, for pumps components. “The new coating can triple or quadruple a pump’s life cycle,”...
Mar 20, 2014
Global crude steel production for the 65 countries reporting to worldsteel remained relatively flat in February, increasing by a marginal 0.6% year-on-year to 125-million tonnes. South Africa, however, increased its crude steel output year-on-year by an impressive...
Mar 12, 2014
South African steel producer Evraz Highveld Steel & Vanadium narrowed its loss during the year ended December to R379-million from R943-million in 2012, as its production increased, the company announced in a statement on Wednesday. Evraz also reported earnings...
Feb 28, 2014
CASTING OPPORTUNITY Capital investment programmes, such as the Strategic Integrated Projects, will provide opportunities for the casting industry to supply cast and centrifugally cast products
Specialist foundry Steloy Castings will complete a multimillion dollar order for stanchion support assemblies, this month, which will be sent to a petrochemicals refinery in China. “The order comprised an assembly of castings, the bulk of which consists of tubes,...
Feb 28, 2014
CRANE OPERATION The Konecranes service procedure and service manual has proven to reduce crane operating costs and thus increasing production capacity, reliability and efficiency
Lifting equipment and service company Konecranes Southern Africa (SA) is manufacturing nine overhead cranes, with an estimated value of R8-million, for the steel industry and continues its inspection and service contracts for local and multinational steel...
Feb 28, 2014
LOW MAINTENANCE The Tsubaki Kabelschlepp cable carrier system feature self-cleaning links, and advantages include high-load carrying capacity and high-impact resilience
Engineering components distributor Bearing Man Group (BMG) has recently completed the installation of a new steel cable carrier system, of undisclosed value, at a straightening mill of one of the largest steel producers in Africa. “This project in Newcastle,...
 
 
 
 
Feb 28, 2014
Effective energy management is showing significant cost savings at South Africa’s largest steel producer, ArcelorMittal’s Western Cape plant in Saldahna, says the National Cleaner Production Centre of South Africa (NCPC-SA). Energy savings were achieved at the...
Feb 28, 2014
WARRICK ROBERTSON Although international credit insurer Coface forecasts a modest recovery for the steel industry, the company emphasizes that sub-Saharan Africa is a growing market for South African steel products
International credit insurer Coface noted a 40% increase in the number of steel company liquidations in 2013. “Coface encountered 55 cases of liquidation in the local steel industry last year,” Coface industry analyst Warrick Robertson says, adding that the credit...
Feb 28, 2014
MARKING SMART The new InfoDent 8400-20 pin marking machine can print on uneven surfaces and machine-readable information or two-dimensional code onto hot steel products
The new version of the InfoDent 8400-20 pin marking system, designed for marking hot, primary metals or steel products, which was launched in mid-2013, has an improved controller, which increases the marking speed and can print machine-readable information, or...
Feb 28, 2014
Article contains comments
POLAND SHALE GAS The discovery of and exploration for shale gas and gas finds across the world can reduce gas prices which will benefit steel producing companies that use gas to manufacture steel
Owing to the discovery of and exploration for shale gas in the US and Canada, as well as gas finds off Mozambique and Asia, the global steel industry is set to undergo a radical makeover, but South Africa may not immediately benefit from the lower gas prices, states...
Feb 28, 2014
FUTURE CONFIDENCE BSI Steel is optimistic in its ability to adapt and overcome the challenges currently facing the steel industry
Steel distributor BSi Steel reports that it has fulfilled its aim of reaching growth of 28% in 2013. “Although South Africa’s steel consumption declined by at least 6% in the domestic steel market, BSi Steel has been on a sustained growth drive, which has resulted in...
Feb 28, 2014
Article contains comments
STEEL INCREASE Duferco Distribution Services will introduce new quench and tempered steel materials in a width of 3 m onto the South African market this year
Steel distribution and processing company Duferco Distribution Services’ steel sales have increased by about 300% since January last year, as more industries, such as mining, transport, recycling and cement, are expressing interest and buying its Quard and Quend...
Feb 28, 2014
An industry survey conducted by the Southern African Light Steel Frame Building Association (SASFA) revealed an increase in the use of the light steel frame building (LSFB) method in South Africa.   “Mainly, the survey showed that the mass of steel used in South...
Feb 27, 2014
The value of copper stolen increased for a second consecutive month in January, swelling from R10.5-million in December to R11.4-million for the first month of the year, the South African Chamber of Commerce and Industry’s (Sacci’s) Copper Theft Barometer revealed on...
Feb 25, 2014
Overcapacity in China's steel sector is so severe that it is "probably beyond our imagination", an official at the Chinese steel industry association said on Tuesday. China's iron-ore imports are expected to rise 6% from a year ago to reach 870-million tonnes in...
Feb 24, 2014
JSE-listed aluminium products manufacturer Hulamin has announced a R300-million investment in additional scrap separation, processing and recycling equipment, with start up planned in mid-2015, in a bid to wean the company off its partial dependency on rolling slab...
 
 
 
 
Feb 07, 2014
Feb 07, 2014
Feb 07, 2014
Steel producer ArcelorMittal South Africa (AMSA) reported a R524-million operating-profit turnaround in 2013, with earnings recovering to R47-million from a loss of R477-million in 2012. However, the company still reported a headline loss of R224-million for the...
Feb 04, 2014
AMSA acting CEO Dr Hans Ludwig Rosenstock
Following the December announcement that steel producer ArcelorMittal South Africa (AMSA) CEO and executive director Nonkululeko Nyembezi-Heita would step down on February 18, COO Dr Hans Ludwig Rosenstock has been appointed acting CEO and executive director while...
Jan 29, 2014
Article contains comments
Jan 23, 2014
South Africa lifted its overall steel production by 4.1% in 2013, increasing output from 6.9-million tons in 2012 to 7.2-million tons, making it the twenty-first largest steel producing country in the world. The World Steel Association (worldsteel) revealed on...
Jan 16, 2014
Article contains comments
Aluminium products manufacturer Hulamin has advised shareholders that it has entered into negotiations with BHP Billiton South Africa over the future of slab supply from the Bayside casthouse, in Richards Bay. This followed BHP Billiton having initiated a formal...
Jan 15, 2014
Evraz Highveld Steel and Vanadium posted a near across-the-board narrowing of production volumes for the fourth quarter ended December 31, owing largely to a planned shutdown, which was timed to coincide with customer closures over the festive season. The production...
Jan 10, 2014
Industry body, the Steel and Engineering Industries Federation of South Africa (Seifsa), has expressed concern over the relapse of slower growth in the metals and engineering sector in the last quarter of 2013, with only a 2% increase over the last three months of...
Dec 17, 2013
Article contains comments
TORONTO (miningweekly.com) – US aluminium producer and refine Alcoa this week announced that it had inked a $110-million multi-year agreement with aeroplane manufacturer Airbus to supply value-add titanium and aluminium aerospace parts. NYSE-listed Alcoa said the...
 
 
 
 
Dec 12, 2013
Article contains comments
South Africa’s Constitutional Court delivered its judgment on Thursday relating to the long-running mineral rights dispute involving the Sishen iron-ore mine, in the Northern Cape. The ruling, which is still being studied by the participants, has thrown up a partial...
Dec 09, 2013
Nonkululeko Nyembezi-Heita
In yet another surprise high-profile resignation, ArcelorMittal South Africa (AMSA) CEO Nonkululeko Nyembezi-Heita has announced that she will be leaving the company on February 18, following a six-year stint. Her resignation follows only days after Eskom CEO Brian...
Dec 06, 2013
PAOLO TRINCHERO The steel construction industry is ready to benefit from the employment opportunities and growth that will come with the National Development Plan
To spur the local steel industry to grow by at least 5% a year over the next 10 years, the Southern African Institute of Steel Construction (Saisc) will increase its focus on improving relationships with its counterparts in other African countries. Recently...
Dec 04, 2013
JSE-listed Evraz Highveld narrowed its headline losses during the nine months to September, on the back of increased sales, higher vanadium prices, a reduction in costs and the recovery effect of a 2012 four-week strike. The group's headline losses reached...
Nov 28, 2013
ECIC CEO Kutoane Kutoane
The State-owned Export Credit Insurance Corporation (ECIC) has initiated a process to explore whether or not it would be feasible and beneficial for South Africa to establish an export-import (Exim) bank, to provide one-stop lending and insurance support for...
 
 
 
 
 
 
 
 
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