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Carbon Steel News

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

Numsa says on strike at AMSA

By: African News Agency 12th March 2019 The National Union of Metalworkers of South Africa said on Tuesday it had gone on strike at ArcelorMittal South Africa (AMSA), accusing the steel company of abusing workers through labour brokers. Numsa said the strike would affect all AMSA operations in Vanderbijlpark. →

NDT equipment analyses, measures carbon content in alloys

By: Jessica Oosthuizen 1st March 2019 Vereeniging-based nondestructive testing (NDT) equipment provider GammaTec NDT Supplies is currently introducing the SciAps Z-200 C+, which is the only handheld analyser on the market capable of analysing carbon content in alloys, to the African market. GammaTec is the official distributor for... →

SCIAPS Z-200 C The equipment analyses carbon content in carbon and stainless steels using the technique of a handheld laser-induced breakdown spectroscopy

Aveng outlines piecemeal sale process being pursued at Grinaker-LTA

By: Terence Creamer 26th February 2019 JSE-listed construction and engineering group Aveng says the disposal process for Grinaker-LTA is well advanced, but has also confirmed that the company will not be sold as a single going concern. The R95-million sale of Aveng Water has already been agreed and newly appointed CEO Sean Flanagan... →

Photo by Creamer Media's Dylan Slater
Aveng executive chairperson Eric Diack and CEO Sean Flanagan

Another fuel levy increase lies ahead, carbon tax to be implemented

By: Simone Liedtke 20th February 2019 A carbon tax on fuel of 9c/l on petrol and 10c/l on diesel will become effective from June 5, Finance Minister Tito Mboweni said on Wednesday. Further, the general fuel levy will increase by 15c/l for petrol and diesel from April 3, while the Road Accident Fund (RAF) levy will be increased by... →

Constitutional Court upholds Aquila’s Gravenhage manganese mining right

By: Tasneem Bulbulia 18th February 2019 The Constitutional Court has upheld a High Court judgment granting China-based Baowu Group subsidiary, Aquila Steel, a mining right over its Gravenhage manganese deposit, located in South Africa’s Northern Cape province. Aquila’s planned development of Gravenhage has been delayed for several... →

Steel group to approach Nersa for power-tariff relief

By: Terence Creamer 7th February 2019 Steel producer ArcelorMittal South Africa (AMSA) says it will submit site-specific applications to the National Energy Regulator of South Africa (Nersa) to secure tariff relief from Eskom for its operations in Gauteng, KwaZulu-Natal and the Western Cape. The submissions will be made in line with... →

AMSA CEO Kobus Verster on the threat posed by power hikes and on the group's plan to approach the regulator for relief. Camera Work & Editing: Darlene Creamer. Recorded: 7.2.2019

New graphite factory bolsters mining, foundry product offerings

By: Schalk Burger 7th February 2019 A new graphite facility, Graphite Freezeline Solutions, was opened last month on industrial engineering firm Thos Begbie’s manufacturing campus, in Middelburg. It will reduce the time to manufacture products that include graphite components, especially for the mining and foundry industry, says... →

GFS FACILITY OPENING Hercules van der Merwe at the Graphite Freezeline Solutions facility opening

AMSA reports first profit since 2010 on back of higher steel prices

By: Terence Creamer 7th February 2019 Following years of sustained losses, steel producer ArcelorMittal South Africa (AMSA) reported a full-year profit in 2018, on the back of a 12% rise in average realised prices and a 5% increase in sales volumes, supported by a 21% rise in export sales. The company last reported a full-year profit... →

New AMSA CFO Desmond Maharaj on the contribution made by the sale of Macsteel International Holdings to AMSA's net borrowings. Camera Work & Editing: Darlene Creamer. Recorded: 7.2.2019

AMSA expects to swing to FY18 profit

By: Simone Liedtke 1st February 2019 Steel producer ArcelorMittal South Africa (AMSA) expects to report headline earnings a share of 84c to 94c for the year ended December 31. This compares with a headline loss a share of 203c in 2017. →

Tribunal prohibits merger of steel drum makers Rheem and Greif

By: Schalk Burger 31st January 2019 The Competition Tribunal on Thursday announced that it had prohibited the proposed merger between industrial packaging companies Rheem and Greif, in which Greif would have acquired a majority interest in Rheem. International Greif and local Rheem are suppliers of industrial packaging products,... →

Global crude steel increased by 4.6% in 2018

By: Tasneem Bulbulia 25th January 2019 Global crude steel production reached 1.81-billion tonnes in 2018 – 4.6% year-on-year increase, the World Steel Association (worldsteel) reported on Friday. Worldsteel pointed out that crude steel production had increased in all regions, except for the European Union (EU), which recorded a 0.3%... →

ArcelorMittal's Essar bid delays planned JV with SAIL -official

By: Reuters 23rd January 2019 ArcelorMittal's prolonged bid to buy debt-ridden Essar Steel is delaying the world's biggest steelmaker's joint venture with state-owned Steel Authority of India Ltd (SAIL), India's steel minister and SAIL's chairman said. India's biggest state-owned steel company SAIL and billionaire Lakshmi... →

AMSA extends water treatment contract with Veolia Water Technologies

By: Tasneem Bulbulia 22nd January 2019 Veolia Water Technologies South Africa has been re-awarded the operational and chemical water treatment contract for ArcelorMittal South Africa’s (AMSA’s) Vanderbijlpark Works operation. Veolia has operated the facility’s water-related infrastructure and supplied and managed its chemical dosing... →

The thermal desalination plants ensure optimum salinity of the water cycle at the main water treatment plant

Group Five to sell Everite, Sky Sands subsidiaries for R480m

By: Creamer Media Reporter 17th January 2019 Construction firm Group Five will sell its Everite and Sky Sands subsidiaries to a consortium comprising Trinitas Private Equity and Agile Capital for R480-million. The subsidiaries form part of the firm's manufacturing cluster. →

Transnet to pursue ‘just and equitable’ settlements with rail OEMs awarded ‘unlawful’ contracts

By: Terence Creamer 17th January 2019 Having determined the procurement of 1 064 diesel and electric locomotives to be “irregular and unlawful”, Transnet has communicated its intention to review contracts awarded to four original equipment manufacturers (OEMs) in 2015. The State-owned freight logistics group has also indicated that... →

Photo by Dylan Slater
Transnet chairperson Dr Popo Molefe

EU countries clear steel import curb until July 2021

By: Reuters 16th January 2019 The European Union (EU) will limit imports of steel into the bloc following US President Donald Trump's imposition of metals tariffs after EU governments backed the plan in a vote on Wednesday. It means that all steel imports will be subject to an effective cap until July 2021 to counter concerns... →

China starts new recycling drive as foreign trash ban widens

By: Reuters 15th January 2019 China plans to launch 100 new large-scale recycling "bases" by the end of next year, part of a campaign to make better use of its resources after extending a ban on foreign trash imports. A long manufacturing boom has saddled China with millions of tonnes of waste, much of which is buried in... →

China to focus on improving steel capacity structure – assn chief

By: Reuters 14th January 2019 China's steel industry will shift its focus to optimising capacity structure, including products, location and ownership, in 2019, from reducing overall capacity, said an executive of the country's iron and steel association on Monday. China is entering the fourth year of its supply-side reform... →

Mazda develops world’s first cold-stamped parts using 1 310 MPa-class steel

By: Irma Venter 10th January 2019 Mazda Motor Corporation, working separately with Nippon Steel & Sumitomo Metal Corporation and JFE Steel Corporation, has developed the world’s first cold-stamped vehicle body parts made from 1 310 MPa-class high-strength steel. The parts are used in Mazda’s new-generation Skyactiv vehicle... →

EU expected to clear steel import curb after Trump tariffs

By: Reuters 9th January 2019 European Union countries are expected to next week approve a scheme to limit imports of steel into the bloc following US President Donald Trump's imposition of tariffs on steel and aluminium entering the United States. The vote on Jan. 16 would put in place an effective cap on steel imports for... →

Enforcing local procurement rules would help offset weak demand

By: Terence Creamer 14th December 2018 Steel and Engineering Industries Federation of Southern Africa (Seifsa) wants government to take decisive action in 2019 to ensure that departments and State-owned companies (SoCs) honour their obligations to purchase designated steel products from domestic manufacturers. The organisation is also... →

Seifsa CEO Kaizer Nyatsumba reflects back on 2018 and offer insight into prospects for the metals and engineering sector n 2019. Camera Work & Editing: Nicholas Boyd

South Africa's manufacturing output jumps, boosting rand

By: Reuters 11th December 2018 South Africa's manufacturing output rose more than expected in October to its highest level since June 2016, data showed on Tuesday, lifting the rand as the economy showed further signs of recovering from recession. Africa's most industrialised economy slipped into recession after contractions in... →

Canada's construction steel buyers face tariff 'roulette'

By: Reuters 4th December 2018 Canadian steel buyers are racing to get construction steel into the country to claim first-come, first-serve exemptions from tariffs that were meant to stabilize the country's market in the wake of US President Donald Trump's metals tariffs. With steel prices already high, the companies that... →

EU proposes new WTO reform to safeguard dispute settlement body

By: Bloomberg 26th November 2018 The European Union (EU) unveiled a new proposal that seeks to stave off paralysis of the World Trade Organisation’s (WTO's) dispute settlement system by unblocking the appointment of its appellate body members, according to a statement Monday. The proposal has the backing of Australia, Canada,... →

Firm’s design breathes new life into industry

By: Simone Liedtke 23rd November 2018 Multidisciplinary consulting engineering firm Arup was commended for its finalist entry of the V&A Grain Silo Complex façade in the architectural category at the 2018 South African Steel Awards, held last month. The R500-million V&A Grain Silo project, once an agricultural silo for grain storage... →

CROWN JEWEL The V&A Grain Silo Complex project was once an agricultural silo for grain storage, and is now features prominently in the silo district development

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