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Carbon Steel News

Tsodilo sets sights on contributing to low-carbon steelmaking in Botswana

By: Simone Liedtke 23rd June 2021 TSX-V-listed Tsodilo Resources has entered into a research collaboration with the Department of Chemical, Materials and Metallurgical Engineering at the Botswana International University of Science and Technology (BIUST) and Morupule Coal Mine (MCM) to undertake metallurgical studies with respect... →

Infrastructure and import substitution at heart of new master plan’s vision for steel revival

By: Terence Creamer 11th June 2021 A new master plan aimed at stabilising South Africa’s steel industry and creating a platform for the revival of the country’s embattled downstream steel fabricators was signed by representatives from business, labour and government on Friday. The ceremony, which took place amid the constant hum... →

Trade, Industry and Competition Minister Ebrahim Patel outlines the main pillars of the Steel Industry Master Plan at a signing ceremony held at Hall Longmore’s factory in Wadeville, in Gauteng. Camera Work: Kutlwano Matala. Editing: Nicholas Boyd.

Iron-ore scales over three-week high on China demand, supply risks

By: Reuters 11th June 2021 Iron-ore futures jumped on Friday to their highest in more than three weeks, as a rebound in steel inventory in top producer China suggested that demand for the raw material remained brisk. The most-traded September iron ore on China's Dalian Commodity Exchange rose as much as 4.1% to 1 226 yuan... →

Contracts awarded on strong foundation work

By: Halima Frost 11th June 2021 Concrete foundation specialist Gauteng Piling’s most recent projects have showcased the company’s diverse capabilities in the concrete piling industry. Gauteng Piling contracts manager Keoatlaretse Tema tells Engineering News that two of the projects include the installation of concrete piling... →

CONCRETE SUPPORT A total of 32 concrete piles were needed on the Mbombela Fresh Produce Market project

Iron-ore jumps on supply concerns, shrugs off China price watch

By: Reuters 9th June 2021 Iron-ore futures rose on Wednesday, with the Dalian benchmark contract gaining up to 5.4% after a three-day slump, as worries over supply boosted prices of the steelmaking raw material. The most-traded September iron-ore on China's Dalian Commodity Exchange ended daytime trading 4% higher at 1... →

Tradecore Steel acquires KZN assets of Gibbsteel Pinetown

By: Simone Liedtke 8th June 2021 An acquisition has increased steel supplier Tradecore Steel’s processing capability in KwaZulu-Natal and further consolidates the company’s sub-Saharan footprint. Tradecore has acquired the KwaZulu-Natal assets of Gibbsteel, a producer of value-added steel products. →

EU’s Green Deal will have wide-ranging impact on SA exports, cautions Van Zyl

By: Irma Venter 8th June 2021 Europe’s Green Deal is not just a vision or an idea, but a well-funded policy that is being implemented, and that is set to have a wide-ranging impact on South African exports, says Toyota South Africa Motors (TSAM) executive chairperson Dr Johan van Zyl. Van Zyl stepped down earlier this year as... →

Johan Van Zyl

Masterplan to position South Africa as ‘globally significant’ renewables manufacturer

By: Terence Creamer 8th June 2021 Department of Mineral Resources and Energy director-general Advocate Thabo Mokoena reports that government intends using the South African Renewable Energy Masterplan (SAREM), which is currently being drafted, to position the country as a “globally significant” producer of inputs used in... →

Iron-ore tumbles as optimism around China demand fades

By: Reuters 7th June 2021 Iron-ore prices tumbled on Monday as China's subdued trade data for May and narrowing steel profit margins dampened the market's enthusiasm about demand prospects for the steelmaking ingredient. China, which accounts for more than half of the world's steel output, imported 89.79 million tonnes of... →

Macsteel seeks reimbursement for ‘unlawful’ duty payments

By: Terence Creamer 3rd June 2021 Macsteel CEO Mike Benfield is confident that the company has a strong legal case against the continued application of an 8% safeguard duty on hot-rolled coil (HRC) and confirms that it is also asking the court for an order granting that it be reimbursed for the duties paid since the extension was... →

Macsteel CEO Mike Benfield

Macsteel launches third Macsteel Express franchise partnership

By: Simone Liedtke 1st June 2021 Steel merchant Macsteel has launched the third of its independently owned Macsteel Express franchise partnerships, in Nelspruit, on June 1. Macsteel launched the first of its two franchise partner concept outlets in February this year in Klerksdorp and Welkom, respectively. →

Steel backlog won’t be solved by eliminating safeguard duties, AMSA avers

By: Terence Creamer 31st May 2021 Steel producer ArcelorMittal South Africa (AMSA) has rebuffed increasingly vociferous calls for the elimination of safeguard duties to ease ongoing supply constraints and price increases in the domestic market. CEO Kobus Verster acknowledges that some backlogs, which began to emerge in late 2019... →

Photo by Creamer Media
AMSA CEO Kobus Verster

Iron-ore benchmarks rise on China's steel output plans

By: Reuters 28th May 2021 Iron-ore futures in Asia rose on Friday, but were set for a third weekly decline on persistent price-control concerns. Top steel producer China's recent statements on steel capacity reforms had sparked worries about tight supply prospects, pushing prices to record highs earlier this month. →

Macsteel confirms court challenge against ‘unlawful’ extension of safeguard duties

By: Terence Creamer 27th May 2021 Opposition to the extension of safeguard duties on steel imports is intensifying, with the country’s leading merchant challenging the extension of the duties in court and with others even questioning the economic benefits of sustaining a primary steel producer in the form of ArcelorMittal South... →

Iron-ore tumbles as China's price warning grips markets

By: Reuters 24th May 2021 Asia's iron-ore futures tumbled on Monday, leading another bout of selling in the metals complex, after China's state planner warned against commodity price manipulation and vowed to clamp down on speculative trading. The most-traded iron-ore contract for September delivery on China's Dalian... →

Hydrogen and natural gas blend steel forging process tested

By: Schalk Burger 21st May 2021 The world’s first test of a 30% natural gas/hydrogen blend in the forging processes used in industrial steelmaking involved using the mixture to heat the furnaces of steelmaker Giva Group's Forgiatura A Vienna plant, in Milan, Italy. The test was successfully carried out on site after a series of... →

Global crude steel production increased 23.3% y/y in April

By: Schalk Burger 21st May 2021 World crude steel production for the 64 countries reporting to industry body the World Steel Association increased by 23.3% year-on-year to 169.5-million tonnes in April. China produced 97.9-million tonnes in April, representing a 13.4% year-on-year increase, while India's output increased by... →

New research shows South Africa well-placed to export ‘green iron’ to EU

By: Terence Creamer 20th May 2021 Initial research conducted for the Deep Decarbonisation Pathways (DDP) project in collaboration with the National Business Initiative (NBI) indicates that there is an emerging opportunity for South Africa to produce so-called “green iron” for export to international steelmakers seeking to... →

Iron-ore slumps as China steps up efforts to curb soaring prices

By: Reuters 20th May 2021 Chinese iron ore and steel futures led a selloff across the nation's metals complex on Thursday after the government sought stricter oversight of commodity markets to curb exorbitant prices, sparking a broad-based correction. September iron ore on the Dalian Commodity Exchange ended daytime... →

The world economy is suddenly running low on everything

By: Bloomberg 17th May 2021 A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously stocking up. Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive... →

Iron-ore rebounds as China mills churn out steel at record pace

By: Bloomberg 17th May 2021 Iron-ore futures climbed back above $200 a ton as soaring steel production in China showed there’s no sign of the industry cooling despite government attempts to rein in output from last year’s record of over one-billion tons. Crude steel output in April rose to 97.9-million tons to hit monthly... →

Iron-ore slumps again as steel hub asks mills to control surge

By: Bloomberg 14th May 2021 Iron-ore futures tumbled as China’s top steel-making hub ramped up efforts to control a dizzying surge in prices. Futures in Dalian dropped the daily limit, while prices in Singapore extended a slump from a record $233.75 a ton on Wednesday amid concerns about the sustainability of the rally. In... →

Iron-ore’s ‘ridiculous’ prices to stay as fear grips commodities

By: Bloomberg 12th May 2021 Iron-ore’s stunning surge won’t fade anytime soon because buyers remain nervous about being caught short as global demand accelerates amid lingering supply threats, according to a veteran commodities trader. The steelmaking material forged new all-time highs this week, soaring past $220 a ton... →

Iron-ore turns ‘very, very hot’ as prices jump 10% in minutes

By: Bloomberg 10th May 2021 Iron-ore futures leaped higher as trading opened on Monday, extending a record run amid rampant Chinese demand and a wider surge in commodity prices as the global economy recovers. Futures in Singapore jumped more than 10% to hit a fresh record high of $226 a ton. The steelmaking raw material is... →

Iron-ore’s blistering rally sets sights on $200 as steel booms

By: Bloomberg 5th May 2021 A surge in steel consumption as the world emerges from its pandemic-induced slump is set to drive iron-ore to an unprecedented high as the biggest miners struggle to keep up with the frenzied pace of demand. Expectations are building that benchmark prices can get to $200/t -- topping the record... →

Desmond Maharaj resigns as AMSA CFO

By: Simone Liedtke 4th May 2021 Desmond Maharaj has resigned as CFO and executive director of steelmaker ArcelorMittal South Africa (AMSA) to pursue personal opportunities outside of the business. AMSA expects Maharaj to step down no earlier than July 31 and no later than September 30, giving it ample opportunity to identify... →

Biden's EU trade dilemma: more pain for Harley, distillers or back off metals tariffs?

By: Reuters 29th April 2021 The Biden administration faces a major dilemma in its dispute with the European Union over Trump-era steel and aluminum tariffs: back down to avoid acute pain for Harley-Davidson Inc and whiskey distillers or stick with the duties even though they are now exacerbating acute shortages for US... →

China boosts bid to cut steel output with import tax changes

By: Bloomberg 28th April 2021 China stepped up its drive to rein in steel production and fight rocketing iron ore prices by canceling import taxes on some steelmaking materials and raising costs for exporters. Import fees on pig iron, semi-finished and scrap steel will be set to zero from May 1, the Ministry of Finance said... →

China steel, iron-ore futures hit record highs on strong demand, supply fears

By: Reuters 26th April 2021 Chinese steel futures closed at all-time highs on Monday, underpinned by robust demand and concerns over production curbs, while benchmark iron ore prices hit record highs, fuelled by structural supply shortage. The northwest Shaanxi province recently urged local departments, as requested by... →

World crude steel production up 15.2% y/y in March

By: Simone Liedtke 23rd April 2021 World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 169.2-million tonnes in March, marking a 15.2% increase year-on-year. Global crude steel production for the first three months of 2021 was 486.9-million tonnes, representing a 10%... →

Iron-ore stretches gains on global steel demand recovery

By: Reuters 19th April 2021 Iron-ore prices in Asia pushed higher on Monday as strengthening global steel demand buoyed sentiment, and as Chinese steel mills continued to ramp up output despite the government's scrutiny of their compliance with stricter anti-pollution rules. The most-traded September iron ore on China's... →

Worldsteel forecasts 5.8% steel demand growth in 2021 and 2.7% growth in 2022

By: Schalk Burger 15th April 2021 Industry body the World Steel Association (worldsteel), in its 'Short Range Outlook for 2021 and 2022', forecasts that steel demand will grow by 5.8% to 1.87-billion tonnes this year. In 2022, steel demand will grow by a further 2.7% to reach 1.92-billion tonnes. →

Multi Alloys to merge with EMVAfrica

By: Schalk Burger 1st April 2021 Special alloys company Multi Alloys will merge with EMVAfrica to become a specialised division of the stainless steel products and valves company on May 1. The merged businesses will give EMVAfrica a widened and enhanced range of long products, from the ferritic and austenitic stainless,... →

Swedish JV will open first fossil-free steelmaking plant in 2026

By: Bloomberg 25th March 2021 A Swedish joint venture that aims to remove fossil fuels from steelmaking is planning on establishing its first demonstration plant in 2026. Hybrit, an initiative run by steelmaker SSAB, iron-ore producer LKAB and energy supplier Vattenfall, will locate the factory in the northern Swedish town of... →

Steel production up 4.1% y/y in February

By: Donna Slater 24th March 2021 Global crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) increased by 4.1% year-on-year to 150.2-million tonnes in February. Worldsteel reports that China produced about 83-million tonnes of steel in February, a 10.9% year-on-year increase. →

Green hydrogen to be phased in to decarbonise steel production – Fitch Solutions

By: Donna Slater 11th March 2021 In the second part of its special coverage on the impact of hydrogen on the mining and metals sector, Fitch Solutions Country Risk & Industry Research (Fitch Solutions) reports that it believes green hydrogen will be adopted in the metals sector, in particular in the steel sector, in the longer... →

Zimbabwe says China's Tsingshan to build iron ore mine, steel plant from May

By: Reuters 10th March 2021 China's Tsingshan Holding Group is set to start developing an iron ore mine and a carbon steel plant in Zimbabwe from May, the African country's information minister said late on Tuesday, three years after the firm first announced the investment deal. Tsingshan signed a $1-billion outline... →

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