R/€ = 15.08 Change: -0.21
R/$ = 12.36 Change: -0.26
Au 1324.70 $/oz Change: -16.40
Pt 919.75 $/oz Change: -12.24


Protection plea

By: Terence Creamer     14th August 2015 South Africa’s leading steel producer ArcelorMittal South Africa (AMSA) has made a strong case for increasing tariffs for an industry that is somewhat unique among its global peers in not enjoying import protection. Its argument, articulated forcefully by CEO Paul O’Flaherty, is that there is a... 

AMSA makes yet more submissions to Itac for steel protection

By: Terence Creamer     5th August 2015 Steel producer ArcelorMittal South Africa (AMSA) has confirmed the submission of seven new applications to the International Trade Administration Commission of South Africa (Itac) for an increase of customs duties on certain steel products to 10%. The new submissions cover plate, hot-rolled coil,... 

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... 

SA to host OECD steel conference in Dec

By: Natalie Greve     21st November 2014 South Africa will become the first African country to host the Organisation for Economic Cooperation and Development’s (OECD’s) Steel Committee Conference when the committee’s seventy-seventh session takes place in Cape Town between December 11 and 12. The committee’s participants accounted for... 

South African steel industry needs protection policies  

By: Mia Breytenbach     28th February 2014 Owing to the discovery of and exploration for shale gas in the US and Canada, as well as gas finds off Mozambique and Asia, the global steel industry is set to undergo a radical makeover, but South Africa may not immediately benefit from the lower gas prices, states advisory company Deloitte... 

China’s steel growth has not yet peaked

By: Natasha Odendaal     11th April 2013 China’s steel industry has experienced explosive growth over the past decade – overtaking the rest of the steel-producing countries – that shows no sign of easing in the short term. China had built a “fearsome” low-cost steel manufacturing industry as the world battled with the financial crisis,... 


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