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Press Office - Macsteel

Macsteel

With a proud history spanning more than 110 years, Macsteel Service Centres SA continues to develop and expand, reinforcing its position as the leading merchandiser and distributor of steel and value added steel products in Africa. Consisting of 8 dynamic Business Units and operating from a network of 79 service centres, branches and warehouses, Macsteel supplies the entire Sub Saharan geographic region with the full range of carbon steel, special steel, stainless steel, aluminium products and value added steel processes to all sectors of industry.  Macsteel invites You to test their mettle and forge an enduring partnership with them as Your preferred steel supplier of choice

Topic

High Risk Inland Mini Substations Mitigate Against Vandalism And Copper Theft

     Updated 13 minutes ago Electrical substations pose a number of unique challenges including vandalism and the theft of copper. This is especially true for mini substations, which are often located in residential areas and in remote rural areas, and applies to those owned by power utilities as well as private owners.... 

Vimy starts early works at Mulga Rock

By: Esmarie Swanepoel     Updated 22 minutes ago Uranium developer Vimy Resources has received backing from the Western Australian Environmental Protection Authority (EPA) to start preliminary work at its Mulga Rock project. The preliminary work would involve an upgrade to the existing site access road to allow for heavy equipment to be... 

Brazil's CSN, CBSteel in talks over ore unit stake – sources

By: Reuters     26th September 2016 Cia Siderúrgica Nacional is considering selling part of its stake in Congonhas Minérios, Brazil's No 2 iron-ore producer, to China Brazil Xinnenghuan International Investment, two people familiar with the deal said on Monday. According to the people, the Chinese mill known as CBSteel is... 

SMS group to supply third six-high cold mill to Nam Kim Steel

     26th September 2016 Vietnamese steel producer Nam Kim Steel Joint Stock Company has reiterated their trust in SMS group technology (www.sms-group.com) by ordering a third cold rolling mill from Esmech Equipment Pvt, Ltd., an Indian joint venture company of SMS group. Nam Kim Steel has been systematically expanding... 

Ferrochrome price in sharp rise

By: Martin Creamer     26th September 2016 The European benchmark ferrochrome price for the fourth quarter of 2016 has been settled at 110c a pound, 12.2% up on the 98c-a-pound price of the third quarter. Johannesburg Stock Exchange-listed Merafe Resources said last month that it expected to benefit from renewed positive ferrochrome... 

Wide-Inlet Bulk Bag Filler Handles Chunks, Semi-Solids

     23rd September 2016 A new Wide-Inlet Bulk Bag Filler from Flexicon allows rapid filling and passage of large, moist or dense chunks and semi-solid materials into open or duffle-top bulk bags.   The unit features powered height adjustment of the cantilevered fill head to accommodate all popular bag heights,... 

Coal India plans to re-enter Mozambique

By: Ajoy K Das     23rd September 2016 Less than a month after formalising its exit from developing coal blocks in the Tete province of Mozambique, Coal India Limited (CIL) is planning to re-enter the African country in search of a new project. According to a CIL official, the Indian miner will approach the Mozambique government for... 

Elevator manufacturer to supply 183 electric elevators

     23rd September 2016 Diversified holding group Sunriver Holding Group will purchase 183 Otis Electric elevators for its new residential and recreational developments in Anhui province, China. 

Limpopo’s proposed SEZ attracts R40bn investment

     23rd September 2016 A significant investment is already expected to be injected into the proposed Musina-Makhado Special Economic Zone (SEZ) - a boost for the energy and metallurgical industries. A consortium of Chinese investors led by Hong Kong Mining Exchange, will be investing more than R40-billion into an... 

Stalcor

By: Zandile Mavuso     23rd September 2016 Established in 1973, Stalcor is one of the top three South African distributors and processors of stainless steel, aluminium and carbon steel products sourced both locally and globally. 

Uncompetitive scrap metal prices causing further decline in industry

By: Simone Liedtke     23rd September 2016 Unless strong action is immediately taken to stem the export of scrap metal and keep it in South Africa at competitive prices, the scrap beneficiating industry will further decline, and directly affect the aluminium sector, says aluminium foundry alloys producer Zimco Aluminium Company (Zimalco)... 

Babcock invests in fully automatic CNC bending machine for their high pressure pipe fabrication facility

     22nd September 2016 Babcock is focused on rapidly responding to customers’ challenges by delivering trusted solutions and investing in best in class technology. With boiler experience dating back to 1891, Babcock is Africa’s most established and experienced boiler supplier, and offers a full range of specialised... 

BKT Reveals The Tires Starring At This Year’s Event

     22nd September 2016 At Eima 2016, BKT will stage along with its Italian distributor for agricultural and agro-industrial tires, Univergomma. The company reveals as preview all top-of-the-range products on display: Agrimax Force, Agrimax Sirio, Agrimax Spargo, Agrimax RT 600, Ridemax FL 693 M, Multimax MP 527,... 

Train plant construction ‘on track’, says Gibela 

By: Irma Venter     22nd September 2016 The construction of Gibela’s R1-billion train factory at Dunnottar, in Ekurhuleni, is on schedule, says the rail consortium in a project update. Gibela has been contracted to supply the Passenger Rail Agency of South Africa with 600 new passenger trains, in a deal worth R51-billion. The first 20... 

Multi-Disciplinary Design Solutions Through Parametric Modelling Paper Presented at SEMC

     22nd September 2016 Arup façade engineer, Rudolf le Roux, presented a paper on ‘Multi-Disciplinary Design Solutions Through Parametric Modelling’ at the Sixth International Conference on Structural Engineering, Mechanics and Computation (SEMC 2016) recently held in Cape Town. The conference, hosted by the University... 

New research data set to stimulate trade growth for Stainless Steel sector

     22nd September 2016 Two years of intensive research by the Southern Africa Stainless Steel Development Association (sassda) in association with the Steel and Engineering Industries Federation of Southern Africa; now gives local stainless steel fabricators insight into growth opportunities in new export markets as... 

Ex-limo firm, billionaires bet on iron-ore with mines, M&A

By: Bloomberg     22nd September 2016 The global iron-ore market is awash with supply and prices remain volatile, but a former Chinese limousine rental service and a billionaire New Zealand family are among producers and developers wagering new mines will be needed. Their focus is Western Australia, the industry heartland in the... 

Ontario strikes deal with Bedrock to restructure US Steel Canada

By: Reuters     21st September 2016 The province of Ontario said on Wednesday that it has signed an agreement with equity fund Bedrock Industries LP to restructure US Steel Canada, but the deal still requires approval from other stakeholders and a Canadian court. The plan, in a memorandum of understanding, must still be accepted... 

Global steel production rises 1.9% y/y in August

By: Megan van Wyngaardt     21st September 2016 World crude steel production for the 66 countries reporting to the World Steel Association rose 1.9% year-on-year to 134.1-million tonnes in August. China’s crude steel production for August was 68.6-million tonnes, an increase of 3%, while Japan’s production was up 1.5% to 8.9-million tonnes. 

Pallinghurst suffers H1 losses as market strains continue

By: Megan van Wyngaardt     21st September 2016 Diversified investment company Pallinghurst Resources on Wednesday reported another interim loss of $32-million for the six months ended June 30. This was, however, a significant improvement on the loss of $149-million incurred in the six months to June 30, 2015, owing to improved commodity... 

‘Better-than-Canada’ is Philippine reform cry as mines shut

By: Bloomberg     21st September 2016 The Philippines deepened a crackdown on its mining industry on Wednesday as world’s top nickel shipper announced it will suspend more than 10 mines in addition to 10 halts that have already been made, saying it wants to surpass Canadian and Australian standards. The government is finalising... 

Glencore sees nickel price rising on global supply shortage

By: Bloomberg     21st September 2016 Glencore, the commodities trader and miner, expects nickel prices to climb through 2018 as demand outstrips supply, assuming Indonesia continues its policy of curbing ore exports and encouraging local processing. “We believe we’ve seen the bottom, both in terms of the actual spot prices... 

Ningxia Iron & Steel orders high-speed equipment from SMS group for new wire rod mill

     20th September 2016 Ningxia Iron & Steel based in Zhongwei City, China, is expanding its product portfolio and increasing its capacity with new high-speed wire rod mill equipment from SMS group www.sms-group.com . The core equipment supplied by SMS group for the new one-strand mill will include a ten-stand wire rod... 

SA’s cost-of-doing-business ranking badly down – Chamber

By: Martin Creamer     20th September 2016 South Africa has plummeted to an abysmally low level in the World Bank’s 160-country cost-of-doing-business rankings. On the bank’s Doing Business scale, which measures the fitness of a country’s economy to grow and compete, South Africa has tumbled 15 notches since 2007, from position number 58,... 

China to proceed with biggest steel merger in almost a decade

By: Bloomberg     20th September 2016 Two of China’s biggest steelmakers agreed to merge their listed units, moving a step closer to a union that would create the nation’s biggest mill and a company with the scale to rival ArcelorMittal. The publicly traded arm of Shanghai Baosteel Group, the second-biggest Chinese mill by output,... 

High efficiency, safety and quality in local build of dragline base

     19th September 2016 Vereeniging-based DCD Heavy Engineering is nearing completion of a 380 ton base for a Caterpillar dragline excavator destined for a coal project in Mpumalanga. At 18 meters in diameter, and comprising 16 individual sections, the contract to manufacture the base locally was awarded to the company... 

DCD completes winder build for Zambian mine

     19th September 2016 Vereeniging-based specialist manufacturer DCD Heavy Engineering – part of the DCD Group’s mining and energy cluster – is nearing completion on a two-year project to produce winder drums for a copper mine in Zambia. The contract was for two double-drum winders for hoisting rock and two single-drum... 

UIF commits nearly R12m to training scheme for Scaw Metals employees

By: Megan van Wyngaardt     19th September 2016 The Unemployment Insurance Fund (UIF) has committed R11.9-million to the Manufacturing Engineering and Related Services Sector Education and Training Authority to fund the training of 325 Scaw Metals employees for six months. This follows the approval of Scaw Metals’ application to the Commission... 

Japan steelmakers suffer from China cuts as coal tops $200

By: Bloomberg     19th September 2016 Japan’s steelmakers are set to pay for China’s effort to manage its coal industry as a surge in metallurgical prices flow through to quarterly supply contracts. Spot hard coking coal has more than doubled this year to trade above $205 a metric ton and the gain will be taken into consideration... 

Chryso Southern Africa To Supply Cwa 10 Integral Waterproofing Admixture For Temba Waterworks Project

     19th September 2016 Construction chemicals specialist CHRYSO Southern Africa supplied its CHRYSO® CWA 10 integral waterproofing admixture at the Temba Waterworks project undertaken by Group Five Civil Engineering. The readymix supplier for the project was Chromecrete. Deon Klopper, technical sales consultant CHRYSO... 

Sanitary Drum Tipper With Roller Conveyor

     16th September 2016 A new TIP-TITE™ Sanitary Drum Tipper allows dust-free transfer of bulk materials from drums to downstream equipment, and rapid sanitising between changeovers.  Constructed of stainless steel and suitable for wash-down, the tipper is pneumatically powered and certified for use in areas with... 

Prices are flying for the commodities Anglo wants to ditch

By: Bloomberg     16th September 2016 Anglo American, the century-old mining firm seeking to cut debt, is getting an unexpected windfall from the commodities it wants to ditch. When Anglo announced a plan in February to shrink its business by more than half to weather a crisis in raw-material prices, it put coking and thermal coal... 

US mining industry in flux as policy, economic and enviro challenges force change

By: Henry Lazenby     16th September 2016 The outcome of the November 2016 US Presidential election will not reverse the decline in the US mining industry’s value, as the beleaguered coal industry continues to face market headwinds. Rather, the results will determine the trajectory of environmental regulations and, therefore, raise or... 

Policy environment failing South African mining – professor

By: Martin Creamer     15th September 2016 South Africa’s policy environment is failing its mining industry, which is suffering an inability to attract investment. In terms of the weighted average cost of capital (WACC), South Africa is trailing many other mining jurisdictions owing to its unstable political economy. 

First Cut – celebrating 60 years at the ‘cutting-edge’ of South African industry

     15th September 2016 From a cool-drink can to an oil tanker, before something is manufactured or fabricated, each component needs to be cut from raw material. However, the speed, accuracy, precision and reliability with which that cutting is done all has a profound impact on a manufacturer’s ultimate profitability.... 

PEM® Type MSO4™ microPEM® Self-Clinching Standoff Fasteners

     15th September 2016 PEM® Type MSO4™ microPEM® self-clinching standoff fasteners from PennEngineering® enable components to be mounted and/or spaced in compact electronic assemblies, especially suiting applications where space may be extremely limited for attachment hardware.  These stainless steel fasteners install... 

Rinehart’s iron-ore mine won’t reach capacity this year

By: Bloomberg     15th September 2016 Billionaire Gina Rinehart’s iron-ore producer said its mine in Western Australia won’t reach full capacity this year following issues at its port and processing plant. The target of 55-million metric tons a year is now expected to be reached early in 2017, instead of late this year, Roy Hill... 

Ford sees 'substantial headwinds' from 2017 commodity costs

By: Reuters     14th September 2016 Ford Motor Co CFO Bob Shanks said that the company sees "substantial headwinds" in 2017 on North American commodity costs. Shanks was not specific on those costs, which may include higher prices for aluminium and steel that goes into its vehicles. Ford on Wednesday said its pre-tax profit in... 

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