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Carbon Steel News

Steel production up 5.4% y/y in May

By: Creamer Media Reporter 24th June 2019 Global crude steel production increased by 5.4% year-on-year to 162.7-million tonnes in May, the World Steel Association (worldsteel) reported on Monday. Its data shows that China's crude steel output had increased by 10% year-on-year to 89.1-million tonnes in May, while India's output had... →

Insimbi to acquire metals trading firm Treppo

By: Tasneem Bulbulia 21st June 2019 JSE-listed Insimbi Industrial Holdings will see ISB acquire Treppo, which is involved in the sourcing, trading and buying of recycled metals – mainly ferrous metals or steel – in the greater Gauteng area. Through this transaction, Insimbi will expand its ferrous business and its client base,... →

Company to supply fasteners for Woodbridge upgrade

By: Khutso Maphatsoe 21st June 2019 Stainless steel fasteners importer and distributor Fastenright is supplying stainless steel fasteners for the upgrading of the wooden bridge on Woodbridge Island in Milnerton, Cape Town. The fasteners that have been supplied on this project include extra-long hexagon bolts, nylock nuts and wood... →

WOODRIDGE ISLAND Fastenright supplied extra-long hexagon bolts, nylock nuts and wood screws for the wooden bridge

Local steel exporters suffering amid lower US steel demand

By: Marleny Arnoldi 20th June 2019 Trade union Solidarity says South African exporters of steel and aluminium products are under severe pressure after the US recently granted Canada and Mexico exemption from steel and aluminium tariffs. The US in May lifted the 25% tariff on steel and the 10% tariff on aluminium for Canada and... →

Photo by Creamer Media's Dylan Slater
Solidarity deputy general secretary Marius Croucamp

Steel Awards attracts record number of sponsors, entries

By: Marleny Arnoldi 13th June 2019 The South African Institute of Steel Construction (Saisc) says a record number of sponsors, as well as entries, have been received for this year’s Steel Awards, which will be hosted on October 10. Fourteen steel companies have pledged their support for this year’s event, a 40% increase... →

Saisc CEO Paolo Trinchero

ArcelorMittal boss says EU must respond further to Trump's steel tariffs

By: Reuters 12th June 2019 Europe urgently needs to take further measures to offset the impact of import tariffs imposed by US President Donald Trump, the chief executive of steelmaker ArcelorMittal told a German newspaper in an interview published on Wednesday. The European Commission is currently reviewing its... →

Guinea iron-ore prospectors set sights on ArcelorMittal rail

By: Reuters 6th June 2019 The race to mine Guinea's iron-ore has started although the focus is not on its giant Simandou deposits but on smaller finds whose output could be transported via Liberia if ArcelorMittal shares its railway, banking and industry sources said. Guinea's aspirations to develop Simandou, the world's... →

Bidders scramble to break up British Steel ahead of June 12 deadline – sources

By: Reuters 5th June 2019 Steelmakers and private equity are working on proposals for only parts of the collapsed British Steel pending a June 12 deadline for binding bids, sources close to the process said. None of the potential buyers, which include GFG Alliance and former owner Greybull, would be willing to take on the... →

ANC says ten sectors to be prioritised under ‘re-imagined industrial strategy’

By: Terence Creamer 4th June 2019 The African National Congress (ANC) has unveiled what it describes as a “re-imagined industrial strategy” as part of a broader five-year programme of action agreed at the party’s three-day lekgotla, which concluded in Gauteng on Tuesday. In a statement released following the gathering, the ANC... →

EU needs to act on steel imports in wake of US tariffs – industry

By: Reuters 4th June 2019 Steel is being diverted to Europe as a result of US 25% tariffs and the European Union needs to act, European steel industry chiefs say a letter sent to EU leaders and EU institutions. There has been a sudden downturn in the European steel industry's prospects, underpinned by long-term trends, 45... →

AMSA to face emissions charges

By: Reuters 3rd June 2019 ArcelorMittal South Africa said on Monday it had received a summons instituting criminal proceedings for three charges relating to transgressions of its atmospheric emissions licence at its Vanderbijlpark operations. The charges relate to allegedly conducting certain activities without the... →

Powder coating for corrosion launched

31st May 2019 Global industrial coating supplier PPG has introduced its PPG Envirocron Extreme Protection Edge powder coatings for corrosion protection. PPG is represented in South Africa by paint manufacturer Prominent Paints, based in Alrode, Gauteng. →

LAY IT ON THIN The sprayable powder is a one coat application

Association highlights advantages of hot dip galvanising

By: Halima Frost 31st May 2019 The steel industry has not been immune to the pressures of the recent global and domestic economic challenges and, as a result, a notable reduction in local consumption has been filtering through to the hot dip galvanizing industry. Hot dip galvanizing is a corrosion-control process for steel or... →

TAKE A DIP Dipping steel into molten zinc allows for an effective corrosion barrier

New coatings range launched in S Africa

By: Halima Frost 31st May 2019 Specialised construction product manufacturer a.b.e. Construction Chemicals announced its partnership last month with coatings supplier Rustopak to launch the a.b.e. Rustopak range. The range consists of the a.b.e Rustopak Red Penetrant Sealant, and the Rustopak Top Coat. →

a.b.e. Construction Chemicals CEO Warren Trew & Watsons Coatings president Gary Watson discuss the Rustopak range. Camerawork: Nicholas Boyd. Editing: Christo Greyling.

Company drives new stainless steel applications

By: Cameron Mackay 31st May 2019 Owing to stainless steel being 100% reusable, local stainless steel distributor Stalcor is engaged in a drive to find new applications for stainless steel in which the metal can be used as an alternative to materials such as plastic, thereby providing a green solution, says Stalcor projects... →

CRUCIAL SAVINGS Cost-effective solutions and savings have become crucial as local and global markets contract, and as profitability in the sales cycle becomes more difficult

Adjudicator says any security defence of US auto tariffs at WTO 'very difficult'

By: Reuters 28th May 2019 The US will find it "very difficult" to defend President's Donald Trump's proposed car tariff against any challenge at the World Trade Organization (WTO), a veteran trade adjudicator who has ruled on a related case told Reuters. Trump said this month that some imported vehicles and parts pose a... →

India to surpass China as largest importer of coking coal by 2025

By: Marleny Arnoldi 23rd May 2019 Fitch Solutions maintains its forecast for an average coking coal price of $195/t for this year, stating that prices will remain elevated, with strong demand from China’s steel sector, as US–China relations continue to deteriorate and the probability rises of further economic support from the... →

Minerals Council welcomes safety improvements, but warns of continuing policy concerns

By: Nadine James 22nd May 2019 The Minerals Council South Africa will, later this year, launch a new health and safety initiative called Khumbela iKhaya, council chaiperson Mxolisi Mgojo revealed on Wednesday. Addressing the council's annual general meeting, he noted that appreciable improvements in the health and safety... →

Photo by Creamer Media's Dylan Slater
Minerals Council chairperson Mxolisi Mgojo

Egypt's Sisi opens huge suspension bridge over the Nile

By: Reuters 15th May 2019 Egyptian President Abdel Fattah al-Sisi on Wednesday opened a suspension bridge over the Nile touted as the world's widest, one of a series of military-led, megaprojects designed to improve infrastructure and provide jobs. The bridge, which crosses the Nile just north of central Cairo, is a key... →

Swedish Foreign Minister outlines goal to be 100% reliant on renewables

By: Kim Cloete 14th May 2019 The Nordic countries have brought their renewable energy expertise to South Africa for African Utility Week and shown how serious they are about reducing carbon emissions. Sweden’s State Secretary for Foreign Affairs, Niklas Johansson, on Tuesday said the European country had the most stringent... →

World's coal miners may be digging themselves into another glut

By: Bloomberg 13th May 2019 A global push to dig new mines for steelmaking coal is drawing warnings that a supply glut could push the industry from a boom to a bust, mirroring the brutal 5-year price slump that ended in 2016. Coal’s use to generate electricity has declined precipitously in the US despite a revival push by... →

Sandvik eyes listing of specialty steel business

By: Reuters 6th May 2019 Swedish engineering group Sandvik is considering listing its Materials Technology (SMT) business after announcing plans on Monday to separate it from the rest of the group. SMT, Sandvik's specialty steel business, has been seen as a spin-off candidate for many years, and has lagged far behind the... →

Global steel production increases to 444 Mt in first quarter

By: Schalk Burger 29th April 2019 Global crude steel production for the first quarter of this year increased by 4.5% year-on-year to 444.1-million tonnes, global industry body, the World Steel Association (worldsteel), said in a statement on Monday. Asia produced 312.9-million tonnes of crude steel during the first three months... →

China's Tsingshan expands plans for Zimbabwe steel plant

By: Reuters 24th April 2019 China's Tsingshan Holding Group has expanded its plans for a steel plant in Zimbabwe to include a power plant and a lithium concession, Zimbabwe's Mines Minister Winston Chitando said on Tuesday. President Emmerson Mnangagwa's government is trying to woo foreign investors, especially in mining,... →

Global Witness welcomes LME’s new responsible sourcing rules

By: Marleny Arnoldi 23rd April 2019 International nongovernmental organisation (NGO) Global Witness has welcomed the London Metal Exchange’s (LME’s) new responsible sourcing rules, which were published for public consultation on Tuesday. The exchange’s responsible sourcing roadmap is intended for LME-listed brands and builds on a... →

Miners behind pre-poll South African stock rally not done yet

By: Bloomberg 17th April 2019 South African mining stocks have had their best start to the year since 2016 and there’s every chance they are not done yet. The FTSE/JSE Africa Mining Index has gained 22% as of April 16 and is close to an eight-year high, helping South Africa’s benchmark gauge advance 12% as investors show few... →

Steel demand growth rates to moderate in line with slowing global economic growth

By: Nadine James 16th April 2019 Global steel demand is expected to increase by 1.3% year-on-year to 1.74-billion tonnes this year, the World Steel Association’s (worldsteel’s) ‘April 2019 Short Range Outlook’ shows. Demand is projected to grow by a further 1% in 2020 to 1.75-billion tonnes, the association added. →

Egypt imposes temporary duties of 15% on iron billets, 25% on steel rebar

By: Reuters 15th April 2019 Egypt has imposed temporary import fees of 15% on iron billets and 25% on steel rebar for 180 days from Monday, the finance ministry said. The ministry said the import fees aim to protect national industry against unfair competition. →

Numsa cancels planned strike at AMSA

By: African News Agency 12th April 2019 The National Union of Metalworkers of South Africa (Numsa) on Friday cancelled its planned march to ArcelorMittal South Africa in Johannesburg. "This is because the company is threatening to interdict the march if we proceed. It is in the best interests of our members to protect the strike and... →

Numsa strike at AMSA enters fifth week

By: African News Agency 10th April 2019 The National Union of Metalworkers of South Africa said on Wednesday it was forging ahead with a month-long strike at the local subsidiary of multinational steel manufacturer ArcelorMittal. The union said this after its members handed over a memorandum of demands to the UK Embassy, in Pretoria,... →

Canada tribunal recommends tariffs for 2 types of steel, exclusion for others

By: Reuters 4th April 2019 The Canadian International Trade Tribunal (CITT) said on Wednesday that tariffs should stay on two types of steel originating from many countries other than the United States, and those on five other steel products should be lifted. The Canadian government had argued the special tariffs, called... →

Iron-ore thunders higher as mine dams closed, exports collapse

By: Bloomberg 3rd April 2019 Iron-ore’s supply-driven rally picked up pace on Wednesday, with futures topping $90 a ton, amid increasing concern the crisis at Brazil’s Vale will be drawn out as regulators ordered dozens of dams to be shut. Futures for benchmark material rallied as much as 4.1% in Singapore, while spot ore... →

Tariff war will hammer global trade growth this year, WTO says

By: Bloomberg 2nd April 2019 The World Trade Organization (WTO) slashed its global trade growth projection for 2019 to the lowest level in three years, citing the impact of rising commercial tensions and tariffs. World merchandise trade growth will slow to 2.6% this year and 3% next year, after notching 3% in 2018, the WTO... →

LME waives listing fees for cobalt brands for six months

By: Reuters 26th March 2019 The London Metal Exchange (LME) on Tuesday suspended listing fees for new cobalt brands for six months to encourage interest from producers of the element widely used in rechargeable batteries. The LME, the oldest and largest market for industrial metals, launched a cash-settled cobalt contract... →

AMSA disputes Numsa’s claims

By: Marleny Arnoldi 20th March 2019 ArcelorMittal South Africa (AMSA) expressed its disappointment on Wednesday, following the publication of a statement by National Union of Metalworkers of South Africa (Numsa) on Tuesday, that claimed that some AMSA employees are forced to work even if conditions are dangerous. Numsa, which has... →

Numsa members continue strike at AMSA

By: Marleny Arnoldi 19th March 2019 The National Union of Metalworkers of South Africa (Numsa) has met with the Commission for Conciliation, Mediation and Arbitration (CCMA) to help resolve the strike at steel producer ArcelorMittal South Africa (AMSA). The union said in a statement on Tuesday that it had been unable to reach an... →

AMSA says contingency plans in place as Numsa strikes over ‘labour brokers’

By: Terence Creamer 12th March 2019 Steel producer ArcelorMittal South Africa (AMSA) says it has introduced contingency plans at its various plants to minimise the potential impact on production of a National Union of Metalworkers of South Africa (Numsa) strike. The union indicated on Tuesday that a strike had been declared, owing... →

Photo by Creamer Media
AMSA's Vanderbijlpark steel mill

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