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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

Amid low prices and weak demand, steel protectionism goes global

By: Bloomberg     Updated 3 hours ago From the US to India, regulators around the world are pushing harder than ever to shield local steel industries from foreign competition. Nations imposed 85 new duties and other taxes on steel imports in the first half, according to the Russian Steel Association, which counted preliminary and... 

New tug fleet will enable SA ports to handle larger vessels

By: David Oliveira     Updated 3 hours ago As part of parastatal Transnet’s Market Demand Strategy (MDS), Transnet National Port Authority (TNPA) will spend about R56-billion by 2019 to improve efficiencies of South Africa’s ports, including a R1.4-billion tugboat replacement project. The contract, which was awarded to local shipbuilding... 

Process Pipe

By: Zandile Mavuso     Updated 3 hours ago With 47 years’ expertise in the pipes industry, wholesale carbon and mild steel pipes, fittings and flanges wholesaler Process Pipe has established a national footprint in South Africa, with branches in Gauteng (Alrode), KwaZulu-Natal (Jacobs) and two branches in the Western Cape (Belville and... 

Product alignment and refinery project, Zambia

By: Sheila Barradas     Updated 3 hours ago The project was commissioned in July this year. 

One of the most modern facilities worldwide for high productivity, cost efficiency and product quality

     25th August 2016 PT Krakatau Steel in Indonesia places order for high-performance hot strip mill with SMS group PT Krakatau Steel, Indonesia, has placed a turnkey order with SMS group (www.sms-group.com) for the supply of a high-performance hot strip mill. The order comprises the entire process equipment, ranging... 

The new Kubria® cone crusher from thyssenkrupp

     25th August 2016 The Kubria® cone crusher from thyssenkrupp (see Fig. 1) has proved effective for many years under the toughest application conditions in the field for hard-rock crushing. It is used mainly in the aggregates industry for the secondary and tertiary crushing of granite, basalt, gneiss and other hard... 

Iron-ore at risk as China veteran warns steel output to drop

By: Bloomberg     25th August 2016 Steel production in China, the world’s biggest supplier, will probably contract this year and shrink further in 2017 as local demand slows, hurting the outlook for iron-ore, according to Li Xinchuang, a vicechairperson at the China Iron & Steel Association. “There will be significant declines in... 

Tightening supply should bode well for commodity prices – Glencore

By: Martin Creamer     24th August 2016 Diversified mining and marketing company Glencore, now with a significantly reduced debt profile, is producing its key commodities at exceptionally low operational cost, exemplified by the unit cost of the zinc it produced in the six months to June 30 coming in at the negative unit cost figure of... 

Think zinc: miners bet big on revival in key base metal market

By: Reuters     24th August 2016 Resource companies are racing to dig zinc mines, betting that markets for the metal used to rust-proof steel and protect noses from sunburn have finally turned after a decade in the doldrums. A supply glut is evaporating as big zinc mines run dry, commodity analysts say, helping drive up prices... 

Govt, AMSA reach accord on steel price basket

By: Kim Cloete     23rd August 2016 Steel producer ArcelorMittal South Africa (AMSA) and government have agreed to remove import parity pricing with immediate effect in a bid to boost South Africa’s steel industry. The local price for flat steel products will be based on an import-weighted basket. 

South Africa not surrendering its steel industry, says Davies

By: Kim Cloete     23rd August 2016 South Africa’s steel industry is facing some serious challenges, brought on by a global steel glut of 44-million tons a year, but it is vital for the country to do everything possible to maintain a sustainable, competitive steel industry as it is of strategic importance to the country, says Trade... 

‘Transformational’ deal to change Aveng Grinaker-LTA’s look-and-feel, not tick BEE boxes 

By: Terence Creamer     23rd August 2016 South African construction and engineering group Aveng expects to conclude an empowerment transaction within months to further transform its Aveng Grinaker-LTA business, which is on the cusp of moving into the black for the first time since 2011. CEO Kobus Verster believes the transaction to be... 

Citigroup says this ‘hot commodity’ is destined to cool off soon

By: Bloomberg     23rd August 2016 Iron-ore, dubbed by Citigroup as one of the hot commodities of 2016, looks set to cool off. Prices may sag toward the end of the year and into 2017 as supply rises and steel demand fades, the bank said, adding to the list of banks that are calling time on an unexpected rally. The raw material... 

Dramatically reduce Weld Purging times with QuickPurge®

     22nd August 2016 Time after time, welders, supervisors, quality control personnel and others are kept waiting, sometimes for many hours, for stainless steel or titanium pipes to be purged of oxygen ready for welding. In addition, all involved are watching the expensive inert argon gas flow away to waste after it... 

Construction of Gibela train manufacturing complex progresses

By: Megan van Wyngaardt     22nd August 2016 Two of the seven construction packages for Gibela’s R1-billion train manufacturing complex at Dunnottar, in Gauteng, are under way. The project, being undertaken by Gibela, Trencon Construction and Black Jills Engineers, will be completed by November 2017. The complex has a geographical footprint... 

Sasol’s Shondoni mine nearing completion

By: Megan van Wyngaardt     22nd August 2016 Construction of energy and chemical company Sasol’s R15.3-billion Shondoni mine, near Secunda, is approaching completion, with operations at three coal production sections expected to start this month through the new incline conveyor. The mine, which is set to replace the ageing Middelbult mine,... 

CompComm approves AMSA’s R1.5bn settlement proposal

By: Samantha Herbst     22nd August 2016 The Competition Commission has approved steel producer ArcelorMittal South Africa’s (AMSA’s) proposal to pay R1.5-billion to the commission for its involvement in long steel and scrap metal cartels. This will be the largest competition-related fine ever paid by a single South African entity and... 

Glencore ‘vindicated’ on zinc supply cuts, Morgan Stanley says

By: Bloomberg     22nd August 2016 Glencore’s decision to cut zinc output to fight a rout in prices last year has been vindicated as the metal has rallied in 2016, according to Morgan Stanley, which held out the possibility that the commodity trader may order restarts. “It turns out, cutting/waiting was a good plan,” Morgan... 

Fit-For-Purpose Wear Solutions

     22nd August 2016 Pressure on maintenance budgets coupled with the need to increase productivity while reducing unplanned downtime in the mining, quarrying and power sectors of the market presents a unique set of challenges. One of the most obvious ways to cut costs is to look at areas in the plant where excessive... 

We did it, you should too: Ore-ban talk gathers pace in Asia

By: Bloomberg     22nd August 2016 The Philippines should follow Indonesia’s lead and prohibit the export of raw metal ores, according to National Development Planning Minister Bambang Brodjonegoro, who said he was a big supporter of the curbs imposed by his country and results so far have been a success. The restrictions have... 

Fortescue profit jumps threefold to $985m

By: Mariaan Webb     22nd August 2016 Australian iron-ore miner Fortescue Metals posted a threefold increase in net profit for the year ended June 30, driven by a strong operational performance and an unwavering cost-reduction strategy. Fortescue, which has four mine sites in the Pilbara, increased net income to $984-million, a 212%... 

WBHO to report higher earnings

By: Natasha Odendaal     19th August 2016 JSE-listed Wilson Bayly Holmes-Ovcon (WBHO) expects an increase in earnings for the year ended June 30. Headline earnings a share are expected to increase 20% to 30% to between 1 309c and 1 418c for the 12 months under review, compared with the restated 1 090.7c a share reported in the 2015... 

A commodities rebound is accelerating right on China’s doorstep

By: Bloomberg     19th August 2016 China may be slowing, but a commodities rebound is under way and the world’s biggest miner knows where the next growth story is building – emerging economies in Southeast Asia. Combined gross domestic product in the ASEAN-5 nations – Indonesia, Thailand, Malaysia, the Philippines and Vietnam –... 

New fire door in high demand

     19th August 2016 Fire and security doors producer Bitcon Industries has been contracted to supply doors to an array of new shopping centres throughout sub-Saharan Africa. Jet Park-based Bitcon director Bill Vollmer comments that the company is supplying its Rubidor fire doors for the upgrading and construction of... 

Rising uptake of vanadium-based batteries bodes well for market as price turns a corner 

By: Henry Lazenby     18th August 2016 A more than 40% increase in the price of vanadium pentoxide (V2O5) since December lows is invigorating the industry, just as it is poised to see significant new demand for the steel-strengthening ingredient coming from the increasing adoption of vanadium-redox flow batteries (VRBs). The commodity... 

PT Krakatau Steel in Indonesia places order for high-performance hot strip mill with SMS group

     18th August 2016 PT Krakatau Steel, Indonesia, has placed a turnkey order with SMS group (www.sms-group.com) for the supply of a high-performance hot strip mill. The order comprises the entire process equipment, ranging from the slab yard to the coil yard, the electrical and automation systems, the auxiliary... 

Three-decade iron-ore veteran says 2017 to bring challenges

By: Bloomberg     18th August 2016 Iron-ore strayed well off-script in 2016 as a rally surprised the bears. Michael Zhu, former global sales director at Vale SA, says the commodity will probably face a tough year in 2017 as supply keeps on expanding while China’s steelmakers struggle to sustain output at current levels. “I’m not... 

Top steel firms' debt level totals record $150bn – EY

By: Reuters     18th August 2016 Debt in the world's top 30 steel companies totals a record $150-billion, international accountancy firm EY said on Thursday, adding governments' action to support the sector would work only if matched with more radical industry restructuring. Overcapacity and weak steel prices have piled pressure... 

AMSA chief says rising rand to take gloss off recovery

By: Terence Creamer     17th August 2016 ArcelorMittal South Africa (AMSA) CEO Wim de Klerk says he still expects the steel group to enjoy a better second half than was the case in the six months to June 30, but admits that the recent strengthening in the rand against the US dollar is likely to weigh on financial performance. The... 

‘Walk the walk’ is miners’ mantra as Philippines cracks down

By: Bloomberg     17th August 2016 Toe the line. That’s the call from the mining association in the world’s biggest nickel ore supplier where members are facing a crackdown led by Philippine President Rodrigo Duterte, who’s said the Southeast Asian nation can live without the industry’s contribution entirely if need be. Members... 

DTI calls for more to be done to boost local manufacturing

By: Shirley le Guern     16th August 2016 Significant successes characterise the national industrial effort but much more needs to be done to achieve the required scale and a higher impact industrial policy, Department of Trade and Industry (DTI) chief director Nigel Gwynne-Evans told delegates at the Manufacturing Indaba, in Durban, on... 

Zinc deficit looms, prices up, but output restarts unlikely

By: Reuters     16th August 2016 Zinc's sharp rally and looming market deficit has fed speculation that major producers such as Glencore may reverse output cuts, but analysts caution that is unlikely to happen soon. Only when stocks of concentrate and metal sink to levels where higher prices can be sustained will large producers... 

Chinese housing market to impact on minerals, metals prices

By: Megan van Wyngaardt     16th August 2016 Still-low metal prices will stabilise this year, edging gradually higher thereafter, as dollar strength and strong production growth begins to wane and provide a base to metal prices, analysis firm BMI Research said in its Commodities Outlook report on Tuesday. It added that it did not expect a... 

DTI's absence on steel price committee questioned

By: News24Wire      16th August 2016 Parliament is still waiting for a response from Trade and Industry Minister Dr Rob Davies on why no one from his department is being represented on the recently established steel price committee. At the end of June, Economic Development Minister Ebrahim Patel announced the members of the... 

Over 2 000 new prefabricated classrooms installed to quell overcrowding in schools

     16th August 2016 In light of the recent spates of educational crises, the Department of Education has made great efforts to curb overcrowding and insurgent damage to schools at a national level. This has seen the popular rise of a new accommodation solution.    Addressing the need for the development of suitable... 

Iron-ore seen back at $40 by Morgan Stanley as seasons shift

By: Bloomberg     16th August 2016 Iron-ore’s 2016 rally may be about to face a challenge from the changing of the seasons. Morgan Stanley has forecast that prices may tumble back to $40 a metric ton this half as the approach of winter in China typically blunts steel demand and output. “Our short-term forecast still features a... 

Cliffs secures new 20-year energy agreement for core Tilden mine

By: Henry Lazenby     16th August 2016 North American iron-ore products producer Cliffs Natural Resources has secured a new 20-year energy agreement with fellow NYSE-listed WEC Energy Group to provide the company’s core Tilden mine with a long-term, reliable and affordable source of electric power in Michigan. “Our Tilden Mine... 

On track with a dependable air partner - Atlas Copco

     15th August 2016 Atlas Copco Compressor Technique’s GAR 5-37 oil-injected, air-cooled, screw compressors are specially designed and custom-built to meet dedicated railway applications. With built-in features including proven reliability, compact dimensions as well as low weight and noise levels, these units... 

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