R/€ = 14.22 Change: 0.00
R/$ = 11.56 Change: 0.00
Au 1328.22 $/oz Change: 0.00
Pt 994.52 $/oz Change: 0.00


Steel workers approve Thyssenkrupp-Tata Steel labour deal – source

By: Reuters     5th February 2018 Steel workers at Thyssenkrupp have voted in favour of a labour agreement that will safeguard jobs and plants in a planned joint venture with Tata Steel, a person familiar with the matter told Reuters on Monday. About 20,500 members of German union IG Metall had been asked to vote on the... 

Allied Steelrode supports the ‘sisters of steel’ in serving the Pretoria region

     11th January 2018 The steel business has always been perceived as a male preserve. However, in Rosslyn, north of Pretoria, there are two vibrant women who are challenging this traditionally-held perception on a daily business – literally, the ‘sisters of steel’. Gwen Mahuma and Monika Pretorius are respectively... 

Iron-ore enters bull market as China's curbs supercharge steel

By: Bloomberg     4th December 2017 Iron-ore has rallied back into a bull market. Prices are surging as China’s crackdown on steel output this winter runs down inventories, helping mills’ profitability and stoking demand for high-grade ore even as investors discount signs of ample supply. Spot ore with 62% iron content jumped 3.7%... 

Electric vehicle revolution a rare investment opportunity as metals demand spikes

By: Henry Lazenby     1st December 2017 The rate at which global automotive markets are adopting electric vehicles (EVs) is accelerating at a much faster pace than even some of the keenest market observers estimated at the start of 2017, and is opening up once- in-a-lifetime investment opportunities among the four key ‘energy metals’ –... 

Thyssenkrupp and Tata Steel plan to create powerful new No. 2 in European steel market

     10th October 2017 Memorandum of understanding signed to combine European steel activities in 50/50 joint venture Positioning as strong quality and technology leader Annual synergies of €400 million to €600 million expected Signing of agreement targeted for early 2018 and closing by 2018 year-end thyssenkrupp and... 

Solidarity warns of ‘major impact’ should AMSA proceed with job cuts

By: Terence Creamer     16th August 2017 Trade union Solidarity has confirmed receipt of a Section 189A retrenchment notice from steel producer ArcelorMittal South Africa (AMSA) and has indicated that it will enter negotiations with the company to ensure alternatives to retrenchments are considered. On Tuesday, AMSA announced that it... 

Iron’s surge to $70 draws out sceptics as prices reverse

By: Bloomberg     21st July 2017 Iron-ore’s strong start to the second half and surge above $70 a metric ton will probably fade through the year-end as demand from top buyer China slows and global mine supplies remain robust, according to Sucden Financial and Bank Julius Baer & Co. “Any significant uptick in seaborne cargoes... 

Oz vanadium explorer expands investor base with Frankfurt listing

By: Mariaan Webb     29th May 2017 Western Australia-based Technology Metals Australia is pursuing a dual listing on the Frankfurt Stock Exchange to broaden its European investor base. The ASX-listed company, which is conducting drilling at the Gabanintha vanadium project, near Meekatharra in Western Australia, said on Monday that... 

Global steel market to fall into deficit by 2020 – BMI

By: Anine Kilian     6th April 2017 The global steel market will tighten in coming years and eventually go into a deficit in 2020, says research firm BMI.  Despite the slowing in both global production and consumption growth, larger increases in absolute consumption, compared with production, will lead to a tightening of the market. 

Iron-ore’s party gives way to hangover as China stockpiles surge

By: Bloomberg     21st November 2016 For iron-ore, it is the morning after the night before. Prices have given up most of the gains inspired by Donald Trump’s surprise win and a speculative frenzy in China, with a surge in port stockpiles in the top user reminding investors that fundamentals still count. “The speed of the recent... 

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... 

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... 

Advances in energy-storage technology, burgeoning electric car market driving lithium and graphite uptake

By: Mia Breytenbach     1st July 2016 Advances in energy-storage technology and rising demand for batteries from the global electric vehicle (EV) market are driving the need for technology minerals – such as lithium and graphite – which are increasingly used in lithium-ion batteries. The sectors mining these industries are “young and... 

Import prices on steel not the best solution

By: Robyn Wilkinson     1st July 2016 International trade credit insurer Coface credit analyst Kyle Mason says that government would do better to provide benefits to local entities using locally-produced steel than to further impose import and anti-dumping tariffs. 

More support needed for local steel industry

By: Robyn Wilkinson     1st July 2016 While government has increased import tariffs to protect the local steel market from low-cost Chinese imports, steel products manufacturer and supplier LionSteel CFO Pierre Willemse believes that more needs to be done to support the South African steel market. 

Import tariffs harmful to end-user businesses

By: Robyn Wilkinson     1st July 2016 Fasteners and aligned products manufacturer and supplier Impala Bolt & Nut MD Derek Cohen says attempts to protect the local steel market by introducing import tariffs have introduced additional costs for small end-user businesses that are trying to remain viable in a difficult market. 

Global demand for vanadium growing – Bushveld Minerals 

By: Anine Kilian     10th June 2016 Diversified Aim-listed miner Bushveld Minerals, which is acquiring a vanadium mine in South Africa, is optimistic that global demand for vanadium will continue growing. The company recently partnered with investment company Yellow Dragon to secure $5.2-million to complete the first phase of the... 

Cliffs rallies as strong Q1 performance sees it back in the black

By: Henry Lazenby     28th April 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 attributable to Cliffs' common... 

Creamer Media publishes Steel 2016: A review of South Africa's steel sector research report

By: Creamer Media Reporter      7th March 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 producers and a brief overview of the... 

Goldman says iron-ore rally to be short-lived on weak China steel demand

By: Reuters     7th March 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 more than 22% this year,... 

Steel industry faces toughest year

By: Dylan Slater     26th February 2016 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 even close operations.  

Cliffs narrows Q3 loss, reports significant cost cuts

By: Henry Lazenby     30th October 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 attributable to common... 

Bushveld Minerals not deterred by local steel environment

By: Megan van Wyngaardt     15th October 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 vanadium in the steelmaking process,... 

Wollongong suspends mining at NSW mine

By: Esmarie Swanepoel     1st September 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 facing a tough operating... 

Steel institute to increase presence in Africa

By: Bruce Montiea     14th August 2015 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 current trying economic... 

Steelmakers urged to globalise, customise, digitalise

By: Natalie Greve     27th July 2015 Global steel companies will have to balance efforts focused on globalisation while maintaining an eye on customisation if they are to survive and prosper in a market characterised by excess supply, market concentration and digitalisation, professional services firm EY’s latest yearly global steel... 

Global steel associations take action against steel oversupply

     10th July 2015 Latin America nonprofit steel organisation Latin American Steel Association (Alacero) in June announced that the global steel industry calls on governments to take action against China’s new steel policy, Steel Adjustment Policy, and overcapacity. The association says there is a strong consensus... 

2014 global steel output up 1% to 1.67bn tons

By: Zandile Mavuso     3rd July 2015 The World Steel Association has published the 2015 edition of the World Steel in Figures report, which shows an increase in steel production as well as provides an overview of steel industry activities from crude steel production to apparent steel use. 

SMS group: Inauguration of new manufacturing and service workshop in Bhubaneswar, India

     9th December 2014 The SMS group inaugurated its new manufacturing and service workshop in Bhubaneswar, in the Indian state of Odisha, built for an investment of approximately 31 million euros. In the presence of more than 250 guests from politics and industry, Chief Minister Naveen Patnaik, who attended the event... 

Steel provider strengthens relationship with automotive industry

     21st November 2014 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 marketing manager for product and... 

Steel producer wades through subdued market

By: Ilan Solomons     11th July 2014 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 been on a drive to increase... 

Steel distributor confident of overcoming steel industry challenges

By: Mia Breytenbach     28th February 2014 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 a material increase in... 

‘Concerning’ relapse in Q4 metals, engineering sector growth – Seifsa

By: Natalie Greve     10th January 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 the prior year.  Seifsa chief... 

Garcia speaks on Evraz Highveld’s ‘going concern’ warning

By: Terence Creamer     27th August 2013 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 operations are not currently... 

Stewarts & Lloyds Holdings (Pty) Ltd is celebrating 110 years in South Africa and is very positive about the future of the local industry

     12th July 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 supply from some of the main... 

Focus on adding value, despite depressed steel market

By: Chantelle Kotze     12th July 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 brass. 

SA steel industry to recover moderately, investment unlikely

By: Sashnee Moodley     1st March 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 Berrange. 


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