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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

Trump's latest plan for saving coal comes from the Cold War

By: Bloomberg     20th April 2018 Months into the Korean War, President Harry Truman capped wages and imposed price controls on the steel industry, seizing authority under a newly passed law to take action in the name of national defense. Now, more than a half century later, Trump administration officials are considering using... 

Malawi seeks funding for new dam to shore up supply to Mzuzu

By: Marcel Chimwala     20th April 2018 Malawi’s Northern Region Water Board (NRWB) is seeking $120-million in financing for a new dam to supply the city of Mzuzu. Mzuzu and surrounding areas rely on the Lunyangwa dam, which can no longer meet increasing water demand from a growing population. 

Haulage company offers discounted rates

By: Paige Müller     20th April 2018 Standard and specialised load transportation company Transcon Haulers is offering a haulage discount rate on specific national routes in South Africa. “The special rates offering is aimed at maximising fleet productivity by securing useful loads for return journeys, for trailers that would... 

New optimisation solution to improve SAG efficiency

     20th April 2018 Danish engineering company FLSmidth has launched a process optimisation solution for semi-autogenous grinding (SAG) milling, SAGwiseTM. The system is designed to optimise the use of the three main consumables in SAG milling: power, media and liners. 

Continuous slab caster modernisation, China

By: Sheila Barradas     20th April 2018 Angang Iron & Steel Group Co is modernising the CMM1 twin-strand continuous slab caster at the Anshan plant No 3 steelworks, in Liaoning province. 

Kusile power plant project, South Africa

By: Sheila Barradas     20th April 2018 General Electric has successfully completed performance tests on Unit 1 of the power plant. 

SKF offers lever-action grease coupler

     19th April 2018 SKF recently released their lever-action coupler. Developed to optimise grease gun lubricant delivery, this coupler is available in two versions – one for battery-powered grease guns and one for manual grease guns. The lever-action coupler tool improves safety and simplifies the manual... 

Bell laments import duties on steel, tyres; Kamaz assembly could start in 2019

By: Irma Venter     19th April 2018 “South African manufacturers are paying 22% too much for their steel; whether you are making lamp posts or electrical cabinets, you are not going to pay what you would pay on the global market,” says Bell Equipment CEO Gary Bell. Bell Equipment manufactures six lines of capital equipment,... 

Nornickel exec says in talks with battery makers on investments, cooperation

By: Reuters     18th April 2018 Russia's Norilsk Nickel, or Nornickel, is in talks with battery makers over possible investment in its mining assets, but is also interested in downstream joint ventures in return, a company executive said on Wednesday. "We might be interested in having some deeper cooperation, say on the... 

Rio Tinto flags changes to 2018 aluminium output after US sanctions

By: Reuters     18th April 2018 Global miner Rio Tinto on Wednesday flagged possible changes to its 2018 aluminium output following US sanctions on its Russian partner Rusal earlier this month. Rio, which reported a 5% rise in first-quarter iron ore shipments in the March quarter, has declared force majeure on some customer... 

Steel demand to grow by 1.8% in 2018

By: Simone Liedtke     17th April 2018 The World Steel Association (worldsteel) has forecast 1.8% year-on-year growth in global steel demand to 1.62-billion tonnes this year. Worldsteel further reports in its April Short Range Outlook (SRO), published on Tuesday, that global steel demand will grow by a further 0.7% to 1.63-billion... 

After setbacks, Anglo American counting on turnaround for Minas-Rio mine

By: Reuters     17th April 2018 Two leaks in a month, a 90-day outage and $58-million in fines is not enough to temper Anglo American's ambition for its long-delayed, multi-billion dollar Minas-Rio iron-ore mine in Brazil. Purchased at the height of the commodities boom a decade ago for $5.5-billion, Anglo American was once... 

Coal India earmarks corpus for CBM foray

By: Ajoy K Das     17th April 2018 State-owned Coal India Limited (CIL) has earmarked $462-million for its foray into exploration and production of coal-bed methane (CBM), following government’s announcement that it will relax rules to allow the company to exploit the resource. Though plans are yet to be finalised, sources have... 

Apex SCP And Sr9000 Traffic Doors For Birchwood Conference Centre

     17th April 2018 Insulated impact traffic doors are often used to shield customers from services areas such ablutions, loading and refuse areas, but when it comes to doorways between hospitality areas and kitchens there is a far more appropriate solution – the Apex SCP Traffic Door. The Birchwood Conference... 

DA calls for each sector to have its own minimum wage

By: News24Wire      17th April 2018 The DA has rejected the idea of a "blanket, universal" minimum wage, calling for each sector to have its own minimum wage instead. DA leader Mmusi Maimane, policy head Gwen Ngwenya and labour spokesperson Michael Bagraim briefed the media on the party's policy outcomes adopted at its seventh... 

Tokyo Steel to keep product prices steady in May

By: Reuters     16th April 2018 Tokyo Steel Manufacturing, Japan's top electric-arc furnace steelmaker, on Monday said it would hold product prices steady in May due to slow local demand. The decision marks three months of price freezes by the company. 

Home-Grown, World Class Mine Winder Manufacture

     16th April 2018 So well regarded is Parnis Manufacturing’s reputation in manufacturing and refurbishing mine winders, that the company recently delivered a 23 tonne, 3 metre single drum winder to a gold mining company in Canada. The unit will be used as a man winder and service hoist, and will be used to reach a... 

South Africa set to play significant role in Congo potash project 

By: Martin Creamer     16th April 2018 South Africa is likely to play a significant role in the development and construction of the large new potash mine and processing plant that is being planned in the Republic of Congo (RoC) at an expected capital cost of $2-billion. Potentially one of the lowest operational cost potash projects in... 

Clamping down on cable theft at major synfuel producer

     13th April 2018 The Ultra-Lok® band-and-buckle clamping system, distributed locally by Banding & Identification (ID) Solutions Africa, has been used to prevent cable theft at a major synfuel producer in Mpumalanga. This is a flagship client for Banding & ID Solutions Africa, which has also supplied ancillary... 

Mining billionaire backs outback gas pipeline to ease power woes

By: Bloomberg     13th April 2018 Billionaire Andrew Forrest is studying a proposed 1 500-mile (2 400-km) transcontinental natural gas pipeline as part of his iron ore company’s strategy to diversify and to boost Australia’s power supply network. Fortescue Metals Group Ltd. confirmed it has undertaken work for a duct that would... 

Excitement as ‘Wits-style’ gold is discovered in iron-ore hub, but geologist urges caution

By: Nadine James     13th April 2018 While there is no doubt that conglomerate gold has been discovered in the Pilbara, the broader understanding of this style of gold mineralisation in the Pilbara remains incomplete and, therefore, any comparisons with the Witwatersrand (Wits) basin are premature, states SRK Consulting geologist... 

BMG provides high performance chains with extended features

     13th April 2018 Engineering components supplier BMG says its Tsubaki high performance chain products incorporate standard and custom attachment chains, which are critical to the efficient movement of products along a production line. “Conveyor chains often fail prematurely because insufficient consideration was... 

SA firm’s high-capacity air hoists making inroads into global oil and gas, marine sectors

By: Schalk Burger     13th April 2018 Industrial pneumatic equipment manufacturer ATS 2000 is reporting significant demand for its high-capacity air hoists in the international oil and gas market and for industrial and marine applications, says ATS 2000 MD Glenton Rebello. The company has manufactured four 60 t air hoists at its... 

UK project could halve titanium parts production costs

By: Rebecca Campbell     13th April 2018 The British Ministry of Defence (MoD) announced late last month that its Defence Science and Technology Laboratory (officially abbreviated to Dstl) had, in cooperation with the University of Sheffield, developed of a radical new method of producing titanium parts. Dstl has so far invested almost... 

Goodbye to copper

By: Terry Mackenzie-hoy     13th April 2018 Copper, the metal, has been around for a very long time. The Copper Age predates the Bronze and Iron ages and ran from about 4500 BC to 3500 BC. Copper has stuck with us – wooden ships were sheathed in copper and the domes of buildings were made from copper – it does not corrode. The Statue of... 

Global trade growth strong but at risk if conflict escalates, WTO says

By: Reuters     12th April 2018 World trade in goods is maintaining a robust recovery, but it still might falter if trade tensions escalate further, the World Trade Organization said in its annual forecast on Thursday. Trade in goods will grow 4.4% this year after a decade averaging 3.0% a year following the financial crisis.... 

Solidarity worried about impact of US tariffs on South African steel industry

By: Simone Liedtke     11th April 2018 South African trade union Solidarity has expressed its concern about the possible impact of the import tariffs on steel and aluminium products recently announced by the US. The 25% import tariff on steel and the 10% tariff on aluminium affects the South African steel industry directly as the... 

S African foundry aims to expand footprint in North America 

By: Donald Makhafola     11th April 2018 The capacity of some aspects of the smelting industry in North America, such as the steel sector, has significantly deteriorated in the past 25 years, as a result of Chinese companies dominating the market and supplying cheaper products, says South Africa-based foundry and engineering company... 

Kin’s share price plunges 40% on Leonora curtailment

By: Esmarie Swanepoel     11th April 2018 The share price of ASX-listed Kin Mining plunged 40% on Wednesday as the company announced that it had curtailed construction work at the Leonora gold project, in Western Australia, on fears of a cost blow-out. The junior on Wednesday told shareholders that the decision was necessitated by an... 

Integrated Pump Rental Adds Stainless Steel Submersibles To Rental Fleet

     11th April 2018 Staying ahead in an industry as competitive as pump rental requires a comprehensive understanding of dewatering application requirements. It also necessitates a pump rental fleet that can meet the needs of different market sectors. Integrated Pump Rental recently bolstered its pump rental fleet... 

JG Afrika successfully repairs the Groot Marico River Bridge to keep traffic moving

     10th April 2018 The swift action taken by JG Afrika on behalf of the Bakwena Platinum Corridor Concessionaire to repair the damaged Groot Marico River Bridge on the N1/N4 prevented further damage to the toll-road and provided road users with a more convenient alternative to a 36 km detour while repairs were... 

Fortescue says miners have shut gates on new iron-ore supply

By: Bloomberg     10th April 2018 Global iron-ore miners have turned off the tap on adding new production capacity to feed China’s steel mills as the world’s largest customer is already awash with supplies, according to Fortescue Metals Group. “The reality is that most of the producers, ourselves included, are not actually... 

Vanadium batteries need 'Elon Musk moment' to kick-start market

By: Bloomberg     10th April 2018 Vanadium needs Elon Musk or another big player in the global battery market to get behind the metal in order to share centre stage with other energy-storage components such as lithium and cobalt. “When we get that moment, we’re off to the races,” Vincent Algar, MD of Australian Vanadium, said in... 

US to lead global crude production as soon as 2023 – IEA

By: Henry Lazenby     10th April 2018 US shale production growth is expected to lift the jurisdiction to being the top oil producer globally by 2023, a report from the International Energy Agency (IEA) has shown. According to the IEA, US output will expand by 3.7-million barrels a day, more than half of the world’s expected... 

Seifsa celebrates transformed companies in metals, engineering sector

By: Simone Liedtke     9th April 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has called on companies that have embraced transformation in the metals and engineering sector to submit entries for the Most Transformed Company of the Year category of this year’s Seifsa Awards for Excellence. The... 

Mathe Group expands tyre recycling facility, despite Redisa demise

By: Irma Venter     9th April 2018 The Mathe Group’s Hammarsdale plant, in KwaZulu-Natal, has quadrupled employment and more than doubled output since coming on stream in 2016, says the tyre recycler. Dr Mehran Zarrebini, head of British investment group PFE International, which is one of the major shareholders in the Mathe Group,... 

LNG to underpin Australia’s export earnings growth

By: Esmarie Swanepoel     9th April 2018 Australia’s resources and energy export earnings are expected to reach a record A$230-billion in 2017/18, as liquefied natural gas (LNG) exports increased. The Department of Industry, Innovation and Science has reported in the March 2018 edition of the Resources and Energy Quarterly that LNG is... 

World's top iron shipper says China import boom to level off

By: Bloomberg     9th April 2018 The world’s largest iron-ore exporter delivered a mixed message on the outlook, raising near-term price forecasts, but combining that revision with a more somber message that China’s gargantuan imports are set to level off as steel production eases in the coming years. Iron-ore will average... 

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