Name of the Project
Scaw Metals hot-strip steel mill.

Location
Gauteng, South Africa.

Project Owner/s
Scaw Metals.

Project Description
The project entails the construction of a state-of-the-art hot-strip steel mill.

The mill will produce 300 000 t/y of thin gauge hot-rolled coil, and introduce a domestic flat steel alternative to ArcelorMittal South Africa.

Potential Job Creation
Not stated.

Capital Expenditure
R2-billion.

The project is fully funded, with Scaw Metals financing 25% of the project from in-house cash resources and 75% using a club loan jointly arranged by Absa and Investec. The two banks, along with the State-owned Industrial Development Corporation, will contribute equally to the loan.

Planned Start/End Date
The mill is scheduled for commissioning in December 2023.

Latest Developments
Scaw reported in April 2022 that civil works on the project had started at its Union Junction factory, in Germiston.

Key Contracts, Suppliers and Consultants
Danieli (steel mill technology).

Contact Details for Project Information
Scaw Metals public affairs and communications, Dudu Ndlovu, tel +27 11 621 1524 or email d.ndlovu@scaw.co.za.