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Topic - Steel Market
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Apr 28, 2016
The largest US iron-ore producer Cliffs Natural Resources rallied as much as 35% to $5.38 a share on the NYSE on Thursday, after swinging to a first-quarter profit amid sustained market improvement. For the three months ended March 31, Cliffs recorded net income...
Mar 07, 2016
Creamer Media’s Steel 2016 Report examines South Africa’s steel industry over the past 12 months. The report provides insight into the global steel market and and particularly into South South Africa’s steel sector, including production and consumption, main...
Mar 07, 2016
The rally in iron-ore prices will not last in the absence of a significant improvement in steel demand from top consumer China, Goldman Sachs said, as the investment bank stuck to its bearish take on one of this year's biggest commodity comebacks. Iron-ore has risen...
Feb 26, 2016
SURVIVAL The Southern African Institute of Steel Construction says the local steel construction industry will survive the current challenging environment owing to years of resilience
As local steel demand stagnates and exports decrease, various steel industry role-players and industry analysts have predicted this year will be the toughest one for local steel manufacturers, as companies have been forced to mothball or sell plants, cut jobs and...
Oct 30, 2015
The NYSE-listed stock of US iron-ore miner Cliffs Natural Resources rallied on Thursday after the company's results for the three months to September 30 beat analyst forecasts, as the company's turnaround strategy gained traction. The company narrowed its net loss...
Oct 15, 2015
Despite the challenges facing the domestic steel sector, Aim-listed junior explorer Bushveld Minerals is undeterred from developing its flagship 300-million-ton Mokopane vanadium project, in the Bushveld Complex, as it sees significant potential for the use of...
Sep 01, 2015
Difficult operating and financial conditions have forced coal miner Wollongong Coal to suspend mining operations at its Russell Vale colliery, in New South Wales, and to place the operation on care and maintenance. CEO Milind Oza on Tuesday said the company had been...
Aug 14, 2015
BETTER BUILDING PRACTICES Saisc offers training courses to improve the workmanship of its members
Steel construction industry promoter  the Southern African Institute of Steel Construction (Saisc) believes its renewed strategic focus involving increasing its presence in the rest of the African continent will help the local steel construction industry survive the...
Jul 27, 2015
Jul 10, 2015
Jul 03, 2015
Dec 09, 2014
 
 
 
Nov 21, 2014
HOT ROLLED BARS ArcelorMittal supplies hot rolled steel, pickled and oiled steel, cold rolled steel and electro galvanised steel to the automotive industry
Multinational steel manufacturer ArcelorMittal South Africa supplies around 170 to 180 kiloton of flat steel products to the country’s vehicle manufacturers. “This is as part of our strategy to continue our good relationship with the automotive industry,” says...
Jul 11, 2014
NEWCASTLE UPGRADE ArcelorMittal South Africa is undertaking a R1.6-billion reline of the blast furnace at its Newcastle plant, in KwaZulu-Natal
Steel producer ArcelorMittal South Africa (AMSA) says it is operating in a challenging global steel market, which has been exacerbated by a subdued local market, with low sales volumes and competition from imports, particularly finished goods. “Therefore, we have...
Feb 28, 2014
FUTURE CONFIDENCE BSI Steel is optimistic in its ability to adapt and overcome the challenges currently facing the steel industry
Steel distributor BSi Steel reports that it has fulfilled its aim of reaching growth of 28% in 2013. “Although South Africa’s steel consumption declined by at least 6% in the domestic steel market, BSi Steel has been on a sustained growth drive, which has resulted in...
Jan 10, 2014
Industry body, the Steel and Engineering Industries Federation of South Africa (Seifsa), has expressed concern over the relapse of slower growth in the metals and engineering sector in the last quarter of 2013, with only a 2% increase over the last three months of...
Aug 27, 2013
Evraz Highveld CEO Mike Garcia
South African steel producer Evraz Highveld – whose stock has come under sustained pressure since the release of an interim-results statement last Thursday in which doubts were raised about the company’s ability to continue as a going concern – reports that “daily...
Jul 12, 2013
AN OVERVIEW OF THE LOCAL STEEL INDUSTRY “Volatile times are the norm for the South African steel distribution business” says Derek Franks, Director of the company. “Steel merchants have had to contend with unstable steel prices for several years as well as unreliable...
Jul 12, 2013
US-based laser-cutting and engraving systems manufacturer Kern Laser Systems’ new HSE 150 W and HSE 400 W laser systems can be equipped with technology that enables the laser systems to accurately cut sheet metals made from stainless steel, mild steel, aluminum and...
Mar 01, 2013
Several years of decline in the South African steel industry will come to an end by way of a moderate recovery in steel production over the coming years, forecasts global professional services firm KPMG industrial, automotive and pharmaceutical director Anthony...
 
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