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Press Office - Macsteel

Macsteel

Macsteel is Africa’s leading merchandiser and distributor of steel and value-added steel products. Consisting of eight dynamic business units and operating from a network of more than 60 branches and warehouses, Macsteel supplies the entire sub-Saharan geographic region with the full range of carbon steel, special steel, stainless steel, aluminium and value-added steel products and processes to all sectors of industry.

Tel:  011 871 0000
Fax:  011 823 3860
Website:  www.macsteel.co.za
Email:  info@macsteel.co.za

Topic

India’s NMDC firms up capex to lift production by 50%

By: Ajoy K Das     18th February 2020 Indian State-run miner NMDC, the country’s largest iron-ore producer, has firmed up capital investments of $324-million to increase production by 50% to 48-million tons a year by the end of 2020/21. The State miner is committing higher capital expenditure (capex) and is significantly ramping up... 

Minnesota Natural Resources Dept and PolyMet approach Supreme Court

By: Mariaan Webb     17th February 2020 The Minnesota Department of Natural Resources (DNR) and Toronto-headquartered PolyMet Mining have approached the Supreme Court to review last month’s state Court of Appeals decision on permits for the NorthMet project. The DNR is seeking a review of a decision regarding three permits that it... 

Metals, engineering sector set for ‘unremarkable’ growth this year  

By: Tasneem Bulbulia     14th February 2020 Last year was generally challenging for both the domestic and global economy, as weakening demand, manufacturing and trade and investment restrained progress, with extended negative implications for the metals and engineering (M&E) sector, which is poised for “unremarkable” growth this year.... 

Seifsa, Minerals Council react positively to SoNA commitments

By: Marleny Arnoldi     14th February 2020 The mining and metals and engineering sectors have mostly welcomed President Cyril Ramaphosa’s plans around energy and infrastructure, following his State of the Nation Address (SoNA) on Thursday night. The Minerals Council South Africa said in a statement that it was encouraged by the... 

Tribunal approves AMSA’s acquisition of Highveld Structural Mill

By: Tasneem Bulbulia     13th February 2020 The Competition Tribunal has unconditionally approved steel manufacturer ArcelorMittal South Africa’s (AMSA’s) acquisition of the manufacturing and production of structural steel and rail business of Highveld Structural Mill (HSM), a subsidiary of Evraz Highveld Steel and Vanadium. HSM, in... 

First Cut’s Bremsaw acquisition a springboard to the Mpumalanga sawmilling and timber industry

13th February 2020 Mpumalanga, and its capital Mbombela, is the centre of South Africa’s sawmilling and timber industry. When the cutting equipment supplier and blade sharpener Bremsaw was up for sale, First Cut saw this as an ideal opportunity to further its presence in the Mpumalanga timber industry. Since the... 

Keith Pitt appointed as new Australian Resources Minister

By: Esmarie Iannucci     6th February 2020 The Australian resources sector has welcomed the appointment of Keith Pitt as the new federal Minister for Resources, Water and Northern Australia, following the resignation of Matt Canavan earlier this week. The Minerals Council of Australia’s CEO Tania Constable on Thursday said that the... 

Teck CEO unloads on shipper with gripes about costs and cargo

By: Bloomberg     31st January 2020 A rift between between Teck Resources and the company it uses to export its coal widened as the Vancouver-based miner publicly accused the shipper of charging too much and contaminating some freight. The head of Teck, already shifting some steel-making coal freight away from Westshore Terminals... 

Gibela to focus on quality, suppliers as it ramps up to full production 

By: Irma Venter     31st January 2020 The Gibela consortium will spend the next three years ramping up to full production of 62 trains a year, says CEO Hector Danisa. It may prove to be a challenging period, he adds, as Gibela will need to address some quality issues, as well as build capacity within its supply chain. 

Key EV markets to start growing again – WoodMac

By: Creamer Media Reporter      28th January 2020 Following a year characterised largely by disappointing performances from the electric vehicle (EV) and consumer electronics sectors, better days are ahead for battery market participants, with key markets for electric cars set to start growing again. This is according to consultancy firm Wood... 

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