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Metals News

Evraz inches closer to revealing preferred bidder

By: Megan van Wyngaardt     2nd September 2015 Vertically integrated steel producer Evraz Highveld Steel and Vanadium is one step closer to announcing a preferred bidder to buy the business, which is currently under business rescue. The company’s creditors’ committee met on Tuesday to consider three final binding offers and expected to... 

Preferred Highveld bidder could be named this week

By: Terence Creamer     31st August 2015 Three formal bids have been received by the practitioners presiding over the business rescue of steel producer Evraz Highveld Steel and Vanadium and a preferred bidder could be named by as early as Wednesday. Business rescue practitioner Piers Marsden told Engineering News Online on Monday that... 

Preferred Highveld bidder could be named this week

Price, jobs, investment conditions placed on beneficiaries of first round of steel duties

By: Terence Creamer     28th August 2015 The first applications for protection on several steel products were approved on Friday, with Trade and Industry Minister Dr Rob Davies confirming that duties across eight tariff subheadings would be increased to the World Trade Organisation bound rate of 10%. However, government insisted that... 

Price, jobs, investment conditions placed on beneficiaries of first round of steel duties

Supporting the steel sector  

By: Creamer Media Reporter      28th August 2015 Creamer Media's Chanel de Bruyn speaks to Creamer Media Contributing Editor Online Natalie Greve about government, labour and business efforts to turn the domestic steel sector's fortunes around. 

Supporting the steel sector
Supporting the steel sector

Industrial vacuum delivered to aluminium smelter

By: Sashnee Moodley     28th August 2015 Local furnace and industrial services company Dickinson Group last month delivered its new MegaVac Cyclone Loader to resources company South 32, where the machine will be used for a large basement cleaning project for the company’s Mozal aluminium smelter, in Mozambique. 

Industrial vacuum delivered to  aluminium smelter
MEGAVAC CYCLONE LOADER The unit will be used in South 32’s smelter for the recovery of 90 t/d of bath material

Evraz Highveld bidders given week’s extension to make binding offers

By: Terence Creamer     25th August 2015 Embattled steel producer Evraz Highveld Steel and Vanadium has granted potential bidders a week’s extension for the submission of binding offers. An initial deadline of August 21 had been set, which has now been extended to August 28 at the request of the bidders. The company as well as the... 

Evraz Highveld bidders given week’s extension to make binding offers

Work together to save SA iron and steel industry – Zuma 

By: African News Agency      25th August 2015 President Jacob Zuma on Tuesday called on government, business, and trade unions to work together to prevent job losses in the struggling iron and domestic steel industry sector. “This is a time for unity in the sector so that this critical industry can be supported and emerge from the current... 

Work together to save SA iron and steel industry – Zuma

Govt, business, labour in rare show of unity amid threat of steel jobs ‘bloodbath’  

By: Natalie Greve     24th August 2015 In a rare show of collective force, labour and business in the steel sector appear to have successfully lobbied government to back efforts to raise protection for the embattled sector by hiking import duties on steel imports to the 10% “bound rate” allowed for under South Africa’s World Trade... 

Govt, business, labour in rare show of unity amid threat of steel jobs ‘bloodbath’

South32 sees opportunity to work with Eskom on further coal supply

By: Martin Creamer     24th August 2015 New diversified mining company South32, which on Monday reported 56%-higher underlying earnings of $1-billion, sees an opportunity to work with Eskom on additional coal supply.   The demerged BHP Billiton entity, which is fast-tracking the implementation of its regional operating model in South... 

South32 sees opportunity to work with Eskom on further coal supply
Photo by Duane Daws
Graham Kerr

Labour, business in bid to stop steel jobs bloodbath 

By: News24Wire      21st August 2015 Labour and business were scheduled to meet with government representatives in Pretoria on Friday in a bid to stem massive job losses the steel sector faces in the coming months. "The meeting was requested by labour and business amidst the looming jobs loss bloodbath" in the steel sector, said the... 

Labour, business in bid to stop steel jobs bloodbath
Photo by Duane Daws
Numsa general secretary Irvin Jim

S Africa lifts July crude steel output 41% y/y

By: Natalie Greve     21st August 2015 While world crude steel production for the 65 countries reporting to the World Steel Association dropped 3.8% year-on-year to 133-million tons in July, South African output rose 41% year-on-year to 645 000 t. China’s crude steel production for July narrowed 4.6% year-on-years to 65.8-million... 

S Africa lifts July crude steel output 41% y/y

Evraz Highveld looks to sell Mapochs mine for $10m

By: Megan van Wyngaardt     19th August 2015 Integrated steel and vanadium slag producer Evraz Highveld Steel & Vanadium is seeking to sell its subsidiary Mapochs Mine for $10-million to a buyer that will facilitate the rescue of the Limpopo-based mine. A number of preferred bidders were selected in July and due diligence would be finalised... 

Evraz Highveld looks to sell Mapochs mine for $10m

Steel protection cannot lead to price hikes, govt warns 

By: Terence Creamer     12th August 2015 Department of Trade and Industry (DTI) director-general Lionel October has confirmed that various processes are at an advanced stage to offer greater protection to the domestic primary steel industry, as well as to specify the use of locally produced steel in public infrastructure projects. He... 

Steel protection cannot lead to price hikes, govt warns
Photo by Duane Daws
DTI director-general Lionel October

Trade unions threaten strike action over looming steel job cuts

By: Megan van Wyngaardt     12th August 2015 Trade unions, the National Union of Metalworkers of South Africa, Solidarity and Uasa on Wednesday threatened to start mass pickets and demonstrations to defend jobs and highlight “the brutal plight” faced by workers in South Africa’s industry. This followed a bilateral meeting with steel... 

Trade unions threaten strike action over looming steel job cuts

Radebe cautious on higher tariffs on Chinese steel 

By: Natalie Greve     11th August 2015 Amid calls by the South African steel industry for improved tariff protection against the import of inexpensive Chinese steel, Minister in the Presidency Jeff Radebe has cited overarching trade considerations, political alliances and South Africa’s inclusion in the Brazil, Russia, India, China... 

Radebe cautious on higher tariffs on Chinese steel
Photo by Duane Daws
Minister in the Presidency Jeff Radebe

Numsa, steel companies discuss job losses

By: Megan van Wyngaardt     11th August 2015 National Union of Metalworkers of South Africa (Numsa) general secretary Irvin Jim on Tuesday said the dumping of steel by Chinese producers in South Africa was a “crisis”. He added that customs tariffs would be one of the main issues to be discussed at a meeting between Numsa, the management of... 

Numsa, steel companies discuss job losses
Photo by Duane Daws
Numsa general secretary Irvin Jim

Govt, business choose talks ahead of courts to resolve mine empowerment logjam

By: Terence Creamer     7th August 2015 Government and business agreed in principle on Friday that the current legal approach to finding resolution to the issue of black economic-empowerment ownership of mines should be halted in favour of consultative process to be held under the aegis of the Operation Phakisa Mining Lab. Cabinet... 

Govt, business choose talks ahead of courts to resolve mine empowerment logjam

Record number of exhibitors attend metals trade fair

     7th August 2015 A record 2 200 companies, taking up almost 87 000 m2 of stand space, attended this year’s Bright World of Metals conference, which took place in Düsseldorf, Germany from June 16 to June 20. 

Steel company’s walking beam furnace modernised

     7th August 2015 Italian metallurgical process plant and mechanical construction company SMS Meer was contracted in February by Spanish steel producer ArcelorMittal Asturias to revamp the 150 t/h walking beam furnace, which feeds the steel company’s wire-rod mill. 

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... 

Scaw may retrench workers as it considers restructuring

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

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