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Steel Market
 
Metals

SA steel industry to recover moderately, investment unlikely

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...
By: Sashnee Moodley
01 Mar 13
 
 
Metals

World association reports steel production increase

The World Steel Association reports that global steel production increased by 29,1%, in May, to 124,8-million tons of steel, compared with just over 96-million tons of steel produced in the corresponding period of 2009.
By: Loni Prinsloo
09 Jul 10
 
 
STEEL PRODUCTION

Global steel output showing a strong upward trend

The World Steel Association reported on Monday that global steel production increased by 29,1% in May to 124,8-million tons, compared with just over 96-million tons produced in the same month a year earlier. In the first five months of 2010, the...
By: Loni Prinsloo
21 Jun 10
 
 
STEEL

World steel output increases 35,7% y-on-y in April

Global steel production in April was 35,7% higher than a year ago, but 0,4% lower than March, at 121,6-million tons, the Worldsteel Association reported this week. It said in a statement on Thursday that despite the month-on-month decline in...
By: Loni Prinsloo
21 May 10
 
 
STEEL

Highveld Steel posts R41m third-quarter loss

South African steel producer Highveld Steel & Vanadium on Friday reported a net loss of R41-million for the quarter ended September 30, 2009, compared with a net profit of R642-million the year before. Its revenues fell by more than half to...
By: Chanel de Bruyn
20 Nov 09
 
 
Southern African Institute of Steel Construction

Council modifies focus for 2010

The South African International Steel Fabricators (ISF) Council reports that it will modify its focus in 2010 to gain a more significant share of the global steel market, says ISF director Neels van Niekerk.
 
 
CONSTRUCTION & STEEL

Construction major's steel unit takes pain

The manufacturing and processing division of Aveng - more specifically, Trident Steel - marred what was an otherwise solid performance from the JSE-listed construction group in the financial year ended June 30.
By: Irma Venter
25 Sep 09
 
 
STEEL PRICES

Highveld will also raise some steel prices in August

South Africa's second-largest steel producer Highveld Steel & Vanadium would join its larger rival, ArcelorMittal South Africa, in raising steel prices as from the start of August, having refrained from doing so in July. Engineering News Online...
By: Terence Creamer
13 Jul 09
 
 
RETRENCHMENTS

Union hits out at Highveld over plan to cut nearly 300 jobs

South African trade union Solidarity issued a statement of condemnation of the planned retrenchment of nearly 300 of the 2 500 workers at Highveld Steel & Vanadium (Hiveld), based in the Mpumalanga province, arguing that the action was...
By: Terence Creamer
01 Jun 09
 
 
Video of the Week

Daily podcast – May 29, 2009 Audio Available

steel In today's podcast: Highveld Steel & Vanadium initiates retrenchment negotiations with its unions; and the first version of a draft scoping report on national oil and gas company PetroSA's proposed liquefied natural gas offloading facility at...
By: Lindsey Berry
29 May 09
 
 
STEEL PRODUCER

Hiveld in job-cut talks, says outlook for steel still uncertain

South Africa’s second-largest steel producer Highveld Steel & Vanadium (Hiveld) reported on Thursday that it had initiated retrenchment negotiations with its unions and that it expected the process would be completed within three months. The...
By: Terence Creamer
28 May 09
 
 
STEEL PRODUCER

Hiveld will only produce to order as pall falls over steel

South Africa’s second largest steel producer Highveld Steel & Vanadium (Hiveld) said on Friday that the outlook for the steel market in 2009 remained “concerning” and that its board had, therefore, decided not to declare a final dividend in...
By: Terence Creamer
13 Mar 09
 
 
 
 
 
 
 
 
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