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Newcastle Mill
 
STEEL

Mittal warns of more losses in Q3 on weak market conditions

Steel producer ArcelorMittal South Africa (Mittal) reported weaker headline earnings of R106-million for the six months to June 30, 2012, a sharp decline from the R668-million reported for the corresponding period of 2011. But the performance did...
By: Terence Creamer
25 Jul 12
 
 
CORPORATE ACTIVITY

Cisco sale at an 'advanced' stage

Construction group Murray & Roberts (M&R) reported on Friday that it has reached an agreement in principle with a prospective buyer of its Cape Town Iron & Steel Works (Cisco) steel mill, in the Western Cape. The identity of the buyer was not...
By: Terence Creamer
29 Jun 12
 
 
STEEL & MINING

Mittal seeks govt approval for N Cape iron-ore acquisition

Africa's largest steel producer ArcelorMittal South Africa (Mittal) has completed its due diligence of an unnamed iron-ore exploration prospect in the Northern Cape and would move to buy the resources once it had received the necessary approvals...
By: Terence Creamer
07 Feb 12
 
 
STEEL

Rebar shortages cause companies to default on contracts – Sarcea

A nationwide shortage of raw material from South African steel mills has resulted in reinforcing steel (rebar) suppliers and manufacturers now having to default on their contracts with construction companies, said the South African Reinforced...
By: Loni Prinsloo
08 Apr 11
 
 
STEEL PRODUCTION

Queensland floods may affect SA steel output as demand ticks up

South Africa’s largest steel producer ArcelorMittal South Africa (Mittal) – which is currently ramping up production following the summer holiday slowdown, as well as following unplanned operational setbacks at Vanderbijlpark and Newcastle in...
By: Terence Creamer
21 Jan 11
 
 
STEEL PRODUCTION

Coal shortfall may affect Mittal’s SA steel output if floods delay future Queensland shipments

South Africa’s largest steel producer ArcelorMittal South Africa (Mittal) – which is currently ramping up production following the summer holiday slowdown, as well as following unplanned operational setbacks at Vanderbijlpark and Newcastle in...
By: Terence Creamer
12 Jan 11
 
 
STEEL PROJECT

Newcastle project will have to be remotivated to the board

Steel producer ArcelorMittal South Africa – whose board had previously provided “in principle” backing for a brownfield expansion of its long-product-focused Newcastle mill, in Kwazulu-Natal – had not merely delayed the R3-billion project...
By: Terence Creamer
27 Feb 09
 
 
Real Economy Report

Real Economy Report Video Available

RER 40 This is the Real Economy Report. Our top stories this week: Nicky Oppenheimer speaks on the new Voorspoed diamond mine, we speak to Africa's largest steel producer about the so-called ‘perfect storm' battering the industry, and a Northern Cape...
By: Creamer Media Reporter
13 Nov 08
 
 
STEEL & POWER

SA steel giant mulls 260-MW cogen plan

Steel group ArcelorMittal South Africa is mulling over two cogeneration projects that could yield 260 MW of electricity capacity by 2012 at its Vanderbijlpark and Newcastle mills, which are situated in the Gauteng and the KwaZulu-Natal provinces...
By: Terence Creamer
30 Jul 08
 
 
COGENERATION & STEEL

Mill’s R1,2bn power plan hinges on improved Eskom price offer

Electricity afflicted steel producer Arcelor Mittal South Africa has confirmed that it is preparing to submit a R1,2-billion, 110-MW cogeneration project, to be sited at its Vanderbijlpark works, to power utility Eskom by the May 31 tender...
By: Terence Creamer
22 Feb 08
 
 
COGENERATION & STEEL

Steel group says R1,2bn power plan hinges on improved Eskom price offer

Electricity afflicted steel producer Arcelor Mittal South Africa confirmed on Wednesday that it was preparing to submit a R1,2-billion, 110-MW cogeneration project, to be sited at its Vanderbijlpark works, to power utility Eskom by the May 31...
By: Terence Creamer
13 Feb 08
 
 
Metals

Steel major will endeavour to buy local as it gears up to invests R8,9bn

Steel producer Mittal Steel South Africa, part of the world’s largest steel company, says it is committed to incorporating as high a level of local content as possible as it moves to implement its R8,9-billion capital expenditure plans.
By: Terence Creamer
10 Mar 06
 
 
 
 
 
 
 
 
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