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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

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Steel Authority of India Limited joins globalCOAL

     27th July 2016 GlobalCOAL® announced today that Steel Authority of India Limited, SAIL, joined its international trading community. Headquartered in New Delhi, SAIL is one of the largest steel producing companies based in India; they have five integrated steel plants, three special plants, and one subsidiary... 

IHS PEG ECCI Materials Sub-index Reaches Highest Level since December 2014

     27th July 2016 Construction costs almost hit the neutral mark in July, according to according to IHS Markit (Nasdaq: INFO) and the procurement Executives Group. The headline current IHS PEG Engineering and Construction Cost Index registered 49.8 this month, up from 48.1 in June. The headline index has been... 

Australian mining group denies iron-ore being dumped in China

By: Reuters     27th July 2016 A leading mining group in Australia on Wednesday denied allegations by Chinese iron-ore miners that Australian counterparts were dumping ore at cheap prices to push them out. "Australian iron-ore producers do not engage in dumping of their product," the Minerals Council of Australia said in... 

Fortescue production costs to fall even further in FY17

By: Mariaan Webb     27th July 2016 Australia’s third-largest iron-ore producer, Fortescue Metals, has lowered its cash production costs (C1) for the tenth consecutive quarter to $14.31/wmt in the three-months ended June 30, while hitting another shipping record. Fortescue shipped 43.4-million tonnes in the final quarter of the... 

Philippines will not allow Tampakan mine to operate as openpit – Minister

By: Reuters     27th July 2016 The Philippine minister in charge of mining said she will not allow the $5.9-billion Tampakan gold and copper mine in southern Mindanao island to operate as an open-pit site and vowed to shut more operations causing environmental destruction. The Tampakan project is the biggest stalled mining... 

Fortescue sees Vale ore blending plan completed in near future

By: Bloomberg     27th July 2016 Fortescue Metals Group Ltd. is optimistic its iron ore blending project with Brazil’s Vale SA, the world’s top iron ore exporter, may be completed soon as better demand in China supports a price rally this year. “We’ve completed a lot of laboratory test work and that has been very positive and we... 

Supply, demand fundamentals remain challenging – Kumba Iron Ore 

By: Martin Creamer     26th July 2016 While iron-ore prices seem to have stabilised, supply and demand fundamentals remain challenging, outgoing Kumba Iron Ore CEO Norman Mbazima said on Tuesday. Speaking at the Anglo American group company's presentation of interim results for the six months to June 30, Mbazima said that the global... 

Wood here, plastic there ...

     26th July 2016 Redevelopment, renovation, urban reuse; these are the types of interventions that are helping many construction companies in public and private sector whilst in almost total absence of new built. These are usually small activities which are ideally suited for construction companies specialized on... 

Wood here, plastic there ...

     26th July 2016 Redevelopment, renovation, urban reuse; these are the types of interventions that are helping many construction companies in public and private sector whilst in almost total absence of new built. These are usually small activities which are ideally suited for construction companies specialized on... 

Iron-ore’s rally seen endangered by UBS as supply stacks up

By: Bloomberg     26th July 2016 Iron-ore’s revival in 2016 has prompted mine restarts in Brazil, West Africa, Australia and China, adding to global supplies and potentially contributing to a weakening of prices into next year, according to UBS Group AG. “Supply that had left the market is returning,” analysts including Daniel... 

Zinc, the metal investors love this year, has an ugly sister

By: Bloomberg     26th July 2016 They come from the same mines and are called sister metals, but investors are showing more affection for zinc than lead. Zinc, used to rustproof steel, has jumped 40% this year to become the best-performing industrial metal. It has gained on concerns about shortages, while steel prices rose as... 

Itac seeks input on steel duties after HRC probe finds imports causing ‘serious injury’ 

By: Terence Creamer     25th July 2016 The International Trade Administration Commission of South Africa (Itac) has concluded that the domestic steel industry is “suffering serious injury” as a result of a surge of imports of hot-rolled coil (HRC). However, it has decided not to impose provisional measures until it has received... 

Monitor your Weld Purge at a Low Cost

     25th July 2016 Weld Purge Monitors® are essential instruments to help obtain non-oxidised, zero colour welds. By measuring the oxygen content before, during and after welding, high quality welds are achieved when welding metals such as stainless, chrome and duplex steels as well as titanium and nickel alloys.... 

SMS group modernizes thermal process technology at ArcelorMittal’s continuous annealing line

     25th July 2016 SMS group (www.sms-group.com) upgrades the furnace of the continuous annealing line at ArcelorMittal in Kessales near Liège, Belgium. Goal of the modernization is the production of 3rd generation AHSS steel grades for the automotive industry. The thermal process will be extended by one flexible... 

A Fresh Approach to Rubber

     25th July 2016 Redefining how rubber tyres can be transformed after their initial use has opened new doors for Durban-based carpet manufacturer Van Dyck Carpets, aiming to implement the well-renowned blue ocean strategy business approach, to launch an innovative paving brick and paver product.   Family-owned... 

First equipment delivered for Kazchrome Aksu ferroalloys plant renovation and upgrade

     25th July 2016 Tenova Pyromet announced today it has delivered the first equipment to Kazchrome's Aksu ferroalloys plant in Kazakhstan as part of a contract awarded in July 2014 for the renovation and upgrade of shop 6.  Tenova Pyromet is on target to deliver all the equipment by September 2016, with... 

G20 officials vow to tackle steel, industrial overcapacity

By: Reuters     25th July 2016 The world's top economies will work to tackle excess production capacity in steel and some other industries, including government subsidies that have distorted markets, G20 finance officials said on Saturday. In a draft statement obtained by Reuters, the G20 finance ministers and central bank... 

AMSA seeks more protection as it warns of bigger H1 loss

By: Terence Creamer     22nd July 2016 Steel producer ArcelorMittal South Africa (AMSA) warned on Friday that its loss for the six months to June 30 could be up to 64% higher than the loss of 28c a share reported for the same period in 2015. However, the interim loss of between 42c and 46c a share represented a significant improvement... 

WTO head says China accession deal must be fully applied in market status debate

By: Reuters     22nd July 2016 China's World Trade Organization accession deal must be fully applied, the head of the trade governing body said on Friday, after the European Commission said it would adopt a new method to assess whether China's exports are priced unfairly low. The European Union has been debating whether to... 

Sable tight-lipped on CEO’s grand jury indictment, promises own investigation

By: Ilan Solomons     22nd July 2016 Aim-listed exploration company Sable Mining Africa says it cannot comment on the situation regarding the indictment of its CEO Andrew Groves by a grand jury in Liberia, last month, in relation to a corruption investigation. President Ellen Johnson Sirleaf last month ordered an inquiry into London... 

Severe rate of job losses reflects declining metals and engineering sector

By: David Oliveira     22nd July 2016 First-quarter employment data recently released by Statistics South Africa reflected a total loss of 15 553 jobs since the beginning of 2015. This downward trend is getting cumulatively worse, with 3 550 job losses being recorded in the third quarter and 6 902 for the fourth quarter of 2015, and... 

End of Australia’s iron-ore supply rush seen aiding prices

By: Bloomberg     21st July 2016 The largest iron-ore producers in Australia, the world’s No. 1 exporter, are raising supply at the slowest pace in years, drawing a line under more than a decade of expansions and lending potential support to prices that are rebounding this year. BHP Billiton, the third-largest shipper, said... 

India sets up another committee to review iron-ore pricing

By: Ajoy K Das     21st July 2016 The Indian Steel Ministry will soon conduct a review of iron-ore pricing, which will include a probe of the country’s largest miner, NMDC Limited, and the e-auction processes for price discovery. The Steel Ministry plans to set up a committee of experts to complete the pricing review. 

Global steel production down 1.9% y/y in H1

     20th July 2016 Global steel production was flat month-on-month at 136-million tonnes in June, but production for the six months ended June 30 was down 1.9% year-on-year at 794.8-million tonnes. The World Steel Association on Wednesday reported that production by the Commonwealth of Independent States increased... 

Stanmore reports production results from Isaac Plains 

By: Mariaan Webb     20th July 2016 The Isaac Plains coal mine, which Stanmore Coal reopened earlier this year, has managed to produce 231-million tonnes in the June quarter, which marked the ramp-up phase of operations. Stanmore reported on Wednesday that it had sold 156-million tonnes from the Queensland mine, which it bought... 

Ferrobamba and Tenova sign a cooperation agreement for the Aymaraes (Peru) iron ore development project

     20th July 2016 Ferrobamba has signed a cooperation agreement with Tenova to develop its iron ore mine in the Aymaraes region of Peru. The company has chosen Tenova HYL Micro Module technology in order to oversee the technological design and provide the equipment to develop and build a 500,000 t/y pelletization... 

Belmet And 3c Metal Formalise A Shareholding Relationship

     19th July 2016 Following a long history of successful collaboration and joint ventures between Belmet and 3C Metal, the French-based head office of 3C Metal has officially taken the decision to invest in a shareholding percentage of Belmet Namibia and Belmet South Africa. The shareholding agreement is effective... 

SMS group delivers first fully automated 25-MN closed-die forging press with automatic walking beam to PARSAN in Turkey

     19th July 2016 Turkish manufacturer of high-quality forged products, PARSAN Makina Parçaları Sanayii A.Ş. in Pendik-Istanbul, Turkey, has commissioned SMS group (www.sms-group.com) to supply a fully automated closed-die forging press. The new press of the type AMP 2500 will feature a pressing force of 25 MN and... 

Weld Backing Tape™ for Weld Purging

     19th July 2016 It is important when welding metals such as stainless steel, titanium and zirconium that the welding zone is purged of oxygen even as low as 10 parts per million (ppm) before, during and immediately after welding, in order to achieve a clean, oxide free, zero colour weld. During a recent trip to... 

Zinc climbs to highest in more than a year on shortage worries

By: Bloomberg     19th July 2016 Zinc extended its advance to the highest level in more than a year on concerns over a looming supply deficit. The metal used to galvanize steel rose as much as 1.3% to $2 246 a metric ton on the London Metal Exchange, the highest since May last year, and traded at $2 241 by 3:03 p.m. Shanghai... 

Magnetite inks letter of intent with Chinese steelmaker

By: Samantha Herbst     18th July 2016 ASX-listed Magnetite Mines and Lodestone Equities are collaborating with Shandong Iron and Steel Group, to develop the magnetite resources of South Australia’s Mawson iron province, following a non-binding letter of intent (LoI) signed on Friday. Shandong currently produces 22-million tonnes a... 

Nickel rally to lose strength by year-end; aluminium settles into lower-for-longer pattern

By: Henry Lazenby     15th July 2016 New forecasts by BMI predict nickel prices will rise in the short term, however, the rally will taper off by year-end, as heightened Chinese refined nickel imports and ore supply disruptions from the Philippines buoy prices. However, the Fitch group research firm says positive long-term... 

Weba Chute Systems Reduce Material Degradation, Dust And Noise In Steel Plant

     15th July 2016 The recent installation of three Weba Chute Systems at the Isdemir Steel Plant in Turkey has significantly reduced noise levels as well as material degradation and dust levels. Alwin Nienaber, technical director of Weba Chute Systems, says that the custom engineering of the transfer points... 

Global nickel market deficit widens to over 11 000 t in May – INSG

By: Reuters     15th July 2016 The global nickel market deficit widened to 11 200 t in May, as low prices weighed on refined output from top producer China while demand slowly improved, data from the International Nickel Study Group showed on Friday. But strong yearly production from mines in Indonesia and a revival in output... 

Chinese consortium to invest $2.8bn in South Africa industrial zone

By: Reuters     15th July 2016 A group of Chinese investors will pump more than R40-billion ($2.81-billion) into the South African economy to build an industrial park, government said on Thursday. The trade ministry said a consortium of Chinese investors led by Hong Kong Mining Exchange would invest in power, pig iron and... 

US, China clash over market economy status at WTO

By: Reuters     15th July 2016 The US warned China on Thursday that it had not done enough to qualify for market economy status, especially in steel and aluminium, sowing the seeds for a trade battle between Washington and Beijing at the end of 2016. Upon China's admission to the WTO in 2001, it was told by other members that... 

Acquisition ensures lean manufacturing expertise at all operation stages

     15th July 2016 Project management consultancy Turner & Townsend acquired UK-based operational consultancy Suiko in June, to position the company as the first independent construction consultancy to offer lean expertise at all stages of capital project delivery and operations. 

Expansion of LPG coating range imminent

     15th July 2016 Retail, trade, industrial and furniture coatings markets supplier Kansai Plascon launched its liquid petroleum gas (LPG) coating for the LPG market in May 2015, and expansion of the range is imminent, as interest this year has exceeded expectations. Kansai Plascon industrial and protective... 

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