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Saldanha Mill
 
STEEL

Mittal raises SA steel prices despite global price pressure

Steel producer ArcelorMittal South Africa, which slumped to a dramatic third-quarter loss of R460-million on the back of serious operational disruptions and a rise in input costs, said it had increased domestic selling prices from November 1...
By: Terence Creamer
03 Nov 11
 
 
STEEL EARNINGS

Softening steel prices, rising costs cloud Mittal’s outlook Video Available

Nonkululeko Nyembezi-Heita Steel group ArcelorMittal South Africa (Mittal) reported headline earnings of R668-million for the six months ended June 30, 2011, a substantial improvement on the loss of R427-million reported in the previous six months, but still 63% lower than...
By: Terence Creamer
27 Jul 11
 
 
Editorial Insight

Financial turmoil starts to get real

There is much discussion about a possible global recession as the financial crisis, which had its original epicentre in the US, spreads across that world and is now starting to affect the real economy.
By: Terence Creamer
24 Oct 08
 
 
STEEL DEMAND

Saldanha running ‘well below capacity' as export markets slump

Africa's largest steel producer ArcelorMittal South Africa confirmed on Thursday that its export-focused Saldanha Steel mill, in the Western Cape, has been affected by the worldwide slowdown in the demand and that it is running "well below...
By: Terence Creamer
16 Oct 08
 
 
STEEL PRODUCTION

ArcelorMittal aims to stabilise production by the third quarter

Africa's largest steel producer ArcelorMittal South Africa would continue to "allocated" material to its customers until probably the third quarter, when it expected to return its plants to a more normalised level of production. Energy shortages,...
By: Terence Creamer
23 May 08
 
 
STEEL & POWER

ArcelorMittal in move to claw back 5% of power ration

Africa's largest steel producer ArcelorMittal South Africa is seeking to galvanise a joint metals industry dialogue with State power utility Eskom in a bid to secure the same power-rationing dispensation that has been extended to South...
By: Terence Creamer
14 May 08
 
 
All

Mittal Steel South Africa capex programme Restricted

Mittal Steel South Africa is to embark on a capex programme, which will involve a variety of asset-replacement projects, as well as the expansion of existing facilities in addition to the R1-billion already being spent on environmental projects.
By: Sheila Barradas
25 Nov 05
 
 
Breaking News

Iscor earnings seen up on prices, demand

South African steel group Iscor is seen posting a sharp increase in first-half earnings next week, buoyed by higher steel prices and demand and a big contribution from its Saldanha mill, analysts said yesterday.
 
 
 
 
 
 
 
 
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