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Press Office - Macsteel

Macsteel

We have updated our “about Macsteel” editorial.  Kindly replace old and use the attached where is needed/necessary/appropriate.

Contact details:  Ronnie Jacobs – Group Executive:  Marketing & Business Development
Tel:  011 871 0000
Fax:  011 823 3860
Website:  www.macsteel.co.za
Email:  info@macsteel.co.za

Topic

Global steel production, consumption growth to slow – Fitch

By: Tasneem Bulbulia     18th September 2018 Growth in global production and consumption of steel in expected to slow over 2018/19, following a significant rebound since early 2016, Fitch Solutions Macro Research’s recently published ‘Global Steel Outlook’ report states. The global market will post a narrowing deficit of 7.4-million tonnes... 

Sitatunga Resources branches out into manganese

By: Marleny Arnoldi     18th September 2018 Exploration and mining project development company Sitatunga Resources has bought the East Manganese project, in Hozatel, Northern Cape, from Southern Ambition, marking the first step in the company’s strategy to build a manganese portfolio in the province. The deal, which was signed on August... 

Helping innovate to improve service delivery in outlying areas of South Africa

By: Creamer Media Reporter      18th September 2018 While ageing infrastructure remains a significant challenge in rural areas, this is an opportunity for smaller municipalities and their supply-chain partners to find innovative ways of developing and maintaining the assets they need to provide services to the poor. Shaun Hadkinson, CoreSlab’s... 

Mining, construction and automotive sectors critical for M&E sector’s survival

By: Creamer Media Reporter      18th September 2018 The link between the metals and engineering (M&E) sector and the mining, construction and auto manufacturing industries will come under scrutiny at the fourth Southern African Metals and Engineering Indaba taking place at the IDC Conference Centre in Sandton on Thursday and Friday this week. “The... 

Top miner sees US-China trade tensions limiting global growth

By: Bloomberg     18th September 2018 Rising US-China trade tensions threaten to curb consumer purchasing power, crimp productivity growth and limit global economic expansion, according to the world’s biggest mining company. The confrontation between the world’s top two economies, “along with an increasingly unpredictable policy... 

US gives rare earths reprieve in revised $200bn China tariff list

By: Reuters     18th September 2018 The United States did not include rare earth elements, metals used in magnets, radars and consumer electronics, from its final list of tariffs on $200-billion of Chinese goods, underscoring its reliance on China for the strategic minerals. China is the world's largest producer of rare earths and... 

Commercial coal mining in India potentially heading for backburner

By: Ajoy K Das     17th September 2018 Signs are emerging that commercial coal mining in India, sans any end-use restrictions and permitting free merchant sale, will be put on the backburner, if not die a slow death altogether. Although no official acknowledgement of the same is forthcoming from any of the departments involved in... 

Transnet, Eskom and PWC bosses to discuss administered prices affecting South Africa’s international competitiveness

By: Creamer Media Reporter      17th September 2018 Transnet and ESKOM Chief Executive Officers Siyabonga Gama and Phakamani Hadebe will discuss administered prices such as logistics costs, electricity prices and port tariffs, which are negatively affecting South Africa’s international competitiveness on the second day of the fourth Southern... 

World’s first hydrogen fuel cell train enters commercial service

By: Simone Liedtke     17th September 2018 The world’s first hydrogen fuel cell train, the Coradia iLint, made its debut this past weekend. The train is equipped with fuel cells that convert hydrogen and oxygen into electricity, thereby eliminating pollutant emissions related to propulsion. 

Poultry industry takes on US chicken quota as court case brews

By: News24Wire      17th September 2018 The South African Poultry Association (SAPA) wants government to review the quota of US poultry imports, following the imposition of tariffs on local aluminium and steel products. In court papers filed in the North Gauteng Court, the organisation argues that US tariffs on SA steel and aluminium... 

Jupiter declares healthy dividend for H1 2019

By: Marleny Arnoldi     17th September 2018 ASX-listed Jupiter Mines has declared an interim unfranked dividend of $0.05 apiece, to be paid on October 10, equating to a near 100% payout ratio post South African withholding tax and Jupiter income tax payment. Jupiter owns 49.9% of the Tshipi openpit manganese mine, in the Kalahari... 

Large Bridges Showcase Concor Infrastructure Expertise On N2 Road Contract

17th September 2018 Concor Infrastructure has made solid progress constructing and extending more than eleven structures, including two large bridges and four overpass bridges, on the exciting N2 highway upgrade between Mtunzini and Empangeni in KwaZulu-Natal. This substantial South African National Roads Agency SOC... 

Lianxin Steel and Shandong Laigang Yongfeng order TMbaR mill from SMS group

By: Creamer Media Reporter      17th September 2018 For decades, SMS group (www.sms-group.com) has been a pioneer in and promoter of thermomechanical rolling. Now, two Chinese companies, Lianxin Steel and Shandong Laigang Yongfeng Steel, have decided to employ TMbaR, the process developed by SMS group for thermomechanical rolling of rebar. With... 

voestalpine contracts SMS group to supply main melting-area components for new stainless steel plant in Kapfenberg, Austria

By: Creamer Media Reporter      17th September 2018 Voestalpine BÖHLER Edelstahl, a subsidiary of the international technology and capital goods group voestalpine and located in Kapfenberg, Austria, has placed an order with SMS group (www.sms-group.com) to supply an electric arc furnace, an AOD converter and secondary metallurgical facilities for... 

JSW orders high-speed billet caster from SMS Concast

By: Creamer Media Reporter      17th September 2018 JSW Steel Ltd. in Toranagallu, India, belonging to Jindal Group, has awarded SMS Concast, a company of SMS group (www.sms-group.com), an order covering a 5(6)-strand high-speed billet caster. This project is part of a bigger expansion plan, and the main objective is a productivity increase. The... 

Association expects lower tin consumption this year

By: Simone Liedtke     14th September 2018 Tin consumption is expected to be weaker this year, as a result of escalating trade tensions and macroeconomic developments, especially in China, where other factors are hindering growth, the International Tin Association (ITA) has found. ITA analyst Tom Mulqueen pointed out that the latest... 

Coal crunch faced by Indian nonpower sector to ease, not end

By: Ajoy K Das     14th September 2018 The coal shortage faced by the nonpower sector is expected to continue, although a reversal of the trend may emerge toward the end of the month, Coal India Limited (CIL) chairperson Anil Kumar Jha has said. “A surge in demand for coal at the start of the summer months this year forced CIL to... 

Nickel producers eye Indonesia to plug into EV battery market

By: Reuters     14th September 2018 Several global metals producers have set their sights on Indonesia's nickel reserves to tap an expected surge in demand for the metal for electric vehicle batteries. Sumitomo Metal Mining (SMM) said on Thursday that it and nickel miner PT Vale Indonesia are conducting a feasibility study to... 

Tailored road-freight solutions for SA’s strategic steel industry

By: Creamer Media Reporter      14th September 2018 Cargo Carriers, the Johannesburg Stock Exchange-listed supply-chain solutions specialist, remains committed to providing a cutting-edge road-logistics solution to the South African steel manufacturing industry. About 190 000 South Africans earn their livelihood in the steel value chain, spanning... 

US iron miner helps launch ad campaign to sing tariff praises

By: Bloomberg     14th September 2018 Some US companies have reacted to the divisive issue of metal tariffs by saying as little as possible. Cleveland-Cliffs, on the other hand, has not only publicly backed the levies, now it’s putting up money to sing their praises. The US iron-ore producer says it’s deploying a promotional... 

Vitaglass - ‘reinforcing’ the trend toward maintenance-free, glass fibre reinforced gratings

13th September 2018 For nearly 80 years, Vital Engineering has been providing clients across various industry sectors – from food and beverage, marine exploration, minerals sands processing, architectural, construction, petrochemical, mining, and power generation – with a range of products. This comprises non-slip... 

Bushveld increases indirect interest in Vametco to 75%

By: Simone Liedtke     13th September 2018 Aim-listed Bushveld Minerals has increased its indirect beneficial interest in Vametco Alloys to 75%, from 59.1%, through the acquisition of Sojitz Noble Alloys’ 21.22% interest in Vametco’s intermediate holding company Strategic Minerals Corporation (SMC), for $20-million. Following completion... 

How the tender processes in South Africa works

13th September 2018 Careful and accurate preparation can help you land that big tender but it can also be a time-consuming and costly exercise, especially if you do not understand the tender bidding process or adhere to the necessary requirements (i.e. submitting all the tender forms). When an organisation such as a... 

India's steel minister wants import duty on coking coal scrapped

By: Reuters     13th September 2018 India's steel minister said on Thursday he wanted the finance ministry to scrap the 2.5% duty on imports of coking coal, a key steelmaking raw material, to limit input costs. "We are pursuing a cut," Chaudhary Birender Singh told reporters. "We want to make it zero. It cannot be 2.5% to 2%." 

Professional team toasts success at state-of-the-art brewery

By: Creamer Media Reporter      13th September 2018 Work forged ahead as planned on a fast-track reservoir-construction project for a sophisticated brewery in Sedibeng, Gauteng. Heineken owns more than 70% of the brewery and Diageo the balance of the facility, where millions of hectolitres of premium beers are brewed and bottled for the South... 

Nickel price to benefit from short supply, strong steel demand through 2019

By: Reuters     12th September 2018 Slower production increases in leading supplier Indonesia and continued growth in stainless steel demand are forecast to extend a supply shortage in the global nickel market, supporting price gains through 2019. Nickel, which recently hit its lowest since December, could climb as high as $16 000... 

VIPs attending Infrastructure Africa attest to big infrastructure opportunities on the continent

By: Creamer Media Reporter      12th September 2018 Infrastructure Africa is bringing together global and regional infrastructure leaders and experts to attend the 7th annual event, kicking off in Sandton Convention Centre, Johannesburg on the 9 -10th October 2018. Africa’s premier infrastructure event continues to grow its line-up of stellar... 

Record production boosts Atalaya’s H1 Ebitda

By: Marleny Arnoldi     12th September 2018 Aim- and TSX-listed copper miner Atalaya Mining delivered earnings before interest, taxes, depreciation and amortisation (Ebitda) of €34.4-million for the six months ended June 30, compared with €24.5-million in the first half of 2017, on the back of record production at the company’s Proyecto... 

European miners enter bear market with more pain seen for sector

By: Bloomberg     12th September 2018 A sixth consecutive day of declines took European miners to a bear market, and analysts predict more tough times for the sector that has lost more than 20 percent since June. “We have the beginning of a bearish trend,” Valerie Gastaldy, technical strategist at Day By Day, wrote in a note. “The... 

Environmentally-Friendly Augmented-Reality Welding Simulators For Welding Students At TVET Colleges

11th September 2018 The new augmented-reality welding training solution from Sangari Education The blue collar skills shortage in South Africa is estimated at around one million jobs.  To meet this demand, training is essential, but the machinery needed is expensive.  Providing theory and no practical training is... 

Afrox achieves double-digit HEPS growth amid subdued economic environment 

By: Simone Liedtke     10th September 2018 Despite low economic growth in the six months to June 30, JSE-listed African Oxygen (Afrox) achieved double-digit growth in its headline earnings per share (HEPS) to 104c, representing an increase of 11.5% from the HEPS of 93.3c recorded for the six months to June 30, 2017. Referring to the... 

Reduced future effort for maintenance and repair in tube production

10th September 2018 Železiarne Podbrezová places order with SMS group to modernize existing push bench Železiarne Podbrezová has placed an order with SMS group (www.sms-group.com) covering the upgrade of its existing pushbench plant in Podbrezová, Slovakia. 

High-performance production plant for stainless steel strip in Belgium

10th September 2018 Aperam orders annealing and pickling line for stainless steel cold strip from SMS group Aperam Stainless Belgium has contracted SMS group (www.sms-group.com) to supply an annealing and pickling line for stainless steel cold strip to its Genk plant in Belgium. Production start is scheduled for... 

Unprotected strike halts production at Vametco vanadium mine

By: Tasneem Bulbulia     7th September 2018 Production has been temporarily stopped at the Vametco vanadium mine, near Brits, in the North West, owing to unprotected industrial action, Aim-listed Bushveld Minerals reported on Friday. The industrial action, which started on September 5, is in relation to historic legacy issues and... 

On-The-Air (07/09/2018) 

By: Martin Creamer     7th September 2018 The planned imposition of carbon tax on South Africa’s smelters is going to put thousands of people out of work and lose South Africa billions of rands in lost export revenue. The promising new gold recovery project on the Far West Rand is another example of the private sector working together... 

Easy-to-read identification system keeps ‘tag’ of valuable assets

7th September 2018 An easy-to-read and install identification system for everything from hoses to heavy equipment is available from Banding & Identification (ID) Solutions Africa. Easy Read means maximum tagging effectiveness for enhanced traceability. Such has been the success of the Easy Read system locally that... 

Aveng expects to wrap up noncore disposals by June 2019

By: Terence Creamer     7th September 2018 Embattled construction group Aveng expects to finalise the disposal of all noncore businesses by June 2019. Following a strategic review, the JSE-listed company identified Aveng Trident Steel, Aveng Grinaker-LTA, Aveng Manufacturing, as well as certain properties and other assets, for sale. 

R2.7bn approved for Gloria project – Assore

By: Martin Creamer     7th September 2018 Capital expenditure (capex) of R2.7-billion has been approved for the modernisation and optimisation of Assmang’s Gloria Manganese Mine at Black Rock in the Northern Cape, Assore CEO Charles Walters told Mining Weekly Online on Thursday. Assore owns 50% of Assmang, which it controls jointly with... 

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