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Carbon Steel News

Iberdrola, H2 Green Steel plan mega green hydrogen plant

By: Reuters 2nd December 2021 Global wind power group Iberdrola and Swedish startup H2 Green Steel plan to build a vast renewable hydrogen plant on the Iberian peninsula to power the production of iron used to make steel with drastically reduced carbon emissions. The European Union is pushing the development of a supply chain... →

Steel’s path to go green will cost industry up to $278bn

By: Bloomberg 1st December 2021 The world’s steel industry could eliminate its greenhouse gas emissions by 2050 through ramping up recycling, using hydrogen for fuel and capturing carbon from older plants, according to a BloombergNEF study. But getting there won’t be easy. Steel production generates an estimated 7% of global... →

Zinc anti-corrosion coatings offer long-lasting protection

By: Donna Slater 29th November 2021 Various methods of applying zinc films to steel items offer unique and long-lasting anti-corrosion benefits, according to various zinc experts who spoke during a webinar hosted by Creamer Media Contract Publishing on behalf of the International Zinc Association (IZA) on November 23. IZA... →

Global steel production down 10.6% y/y in Oct - worldsteel

By: Schalk Burger 23rd November 2021 World crude steel production for the 64 countries reporting to industry body the World Steel Association (worldsteel) was 145.7-million tonnes in October, a 10.6% decrease compared with October 2020, the association said on November 23. Africa produced 1.4-million tonnes in October, up 24.1%... →

Green hydrogen could compete with gray in a decade, Engie says

By: Bloomberg 17th November 2021 Green hydrogen, a clean energy source made from water and renewable power, could become competitive in a decade, according to French utility Engie. That relies on Europe setting up the necessary regulatory framework to drive up demand and slash costs, Sebastien Arbola, the company’s head of... →

SKF supporting fossil-free bearing steel through collaboration with Swedish university

By: Donna Slater 16th November 2021 Bearings, seals and lubrication systems company SKF is supporting the development of so-called fossil-free bearing steel through a collaboration with Sweden-based Luleå University of Technology’s Centre for Hydrogen Energy Systems Sweden (CH2ESS) initiative. Hydrogen is the key to a fossil-free... →

Highveld Robusteel to acquire Evraz Highveld's remaining iron, steelmaking assets

By: Simone Liedtke 12th November 2021 Highveld Robusteel will be acquiring the remaining iron and steelmaking assets of Evraz Highveld Steel & Vanadium, business rescue practitioner Piers Marsden confirmed on November 12. The transaction is the first of Robusteel’s strategic acquisitions in the steel, mining, minerals beneficiation... →

Supplier hedge against volatile market

By: Darren Parker 29th October 2021 A significant portion of steel supplier Tradecore Steel’s business stems from the Southern African Development Community (SADC) region, although the company does business in Kenya and Ghana as well. Tradecore Steel director Anthony Hoare says this has been the strategy pursued since the inception... →

Transnet restores some operations at Richards Bay after fire

By: Reuters 19th October 2021 South African monopoly port operator Transnet said on Monday it had restored many of its operations since a fire broke out at its Richards Bay terminal last week, but that it still needed to ensure affected areas where safe before resuming others. Richards Bay Bulk Terminal, Africa's largest coal... →

Govt speeding up plans to designate Sedibeng as SEZ

By: Tasneem Bulbulia 15th October 2021 Trade, Industry and Competition Deputy Minister Fikile Majola says government is working "with great speed" towards designating the whole of Sedibeng into a special economic zone (SEZ) to be named the Vaal SEZ. Majola was speaking at the Sedibeng Investment Conference, hosted in Vanderbijlpark,... →

Steel demand expected to return to pre-pandemic levels this year

By: Schalk Burger 15th October 2021 This year has seen a stronger-than-expected recovery in steel demand, leading to upward revisions in the World Steel Association's (worldsteel's) forecast across the board except for China. "Owing to this vigorous recovery, global steel demand outside China is expected to return to its... →

US revises EU steel proposal as tariff-hike deadline looms

By: Bloomberg 13th October 2021 The US has submitted a new proposal to the European Union to solve a Trump-era dispute on steel tariffs, offering more-generous terms, according to people familiar with the matter. The updated proposal involves so-called tariff-rate quotas that Bloomberg reported last month, but provides for a... →

Iron-ore tumbles as China steel curbs are back in focus

By: Reuters 12th October 2021 Iron-ore futures were under pressure on Tuesday, with the Singapore benchmark retreating nearly 7% after a four-day rally and Dalian contracts erasing early gains, as investor focus shifted back to steel production controls in China. The steelmaking raw material's most-active November contract on... →

ArcelorMittal slaps surcharge on some steel as energy costs bite

By: Bloomberg 8th October 2021 Europe’s biggest steelmaker ArcelorMittal has slapped a surcharge on some products due to surging power prices, according to a person familiar with the matter. Long steel products sold by ArcelorMittal in Europe will be subject to a €50 ($58) a ton surcharge, said the person, who asked not to be... →

Fortescue sets Scope 3 targets, hopes green hydrogen will help

By: Esmarie Iannucci 6th October 2021 Iron-ore major Fortescue Metals this week announced a target to achieve net zero Scope 3 emissions by 2040, addressing emissions across its entire global value chain, including crude steel manufacturing which accounts for 98% of the company’s Scope 3 emissions. The company told shareholders... →

Image shows Fortsescue's iron-ore operations

EU trade chief says time running out to fix US steel dispute

By: Bloomberg 28th September 2021 The European Union’s (EU's) trade chief warned that only about a month remains to resolve a metals dispute with the US, and failure to do so means new EU tariffs will hit American products on Dec. 1. “Allowing for internal decision-making procedures in the EU, we really need an agreement already... →

ArcelorMittal South Africa responds to Itac’s termination of safeguard probe

23rd September 2021 Earlier this month, the International Trade Administration Commission of South Africa (Itac) recommended that an investigation be terminated into the imposition of safeguard duties on certain steel sections manufactured at the Highveld Structural Mill. The application was lodged in June 2020 by... →

Photo by Creamer Media
The Highveld Structural Steel Mill

AMSA appoints Suretha van Wyk as interim CFO

By: Schalk Burger 20th September 2021 Steel producer ArcelorMittal South Africa (AMSA) has appointed its statutory reporting senior manager Suretha van Wyk as interim CFO with effect from October 1. Van Wyk is currently part of the finance team and reports to outgoing CFO Desmond Maharaj, who has resigned as CFO and executive... →

Opinion: Steel Master Plan needs refining if it is to help revive downstream industry

15th September 2021 In this opinion article, Duferco MD Ludovico Sanges argues that the Steel Master Plan is a good start, but that certain key issues still need to be addressed if the embattled downstream steel industry is to be revived. →

Duferco MD Ludovico Sanges

Outlook for metals improves – Moody’s

By: Tasneem Bulbulia 13th September 2021 Credit rating business Moody's Investors Service’s outlook for the global metals and mining industry changed to stable from positive with high prices expected to fade out throughout 2022. In a new report covering iron-ore, steel, coal, aluminium, gold, silver, nickel, copper and zinc, Moody's... →

ArcelorMittal to triple iron-ore production in Liberia

By: Reuters 13th September 2021 ArcelorMittal signed an agreement on Friday to stay for at least 25 more years in Liberia, where it will at least triple its iron-ore production and invest an additional $800-million, the company's executive chairman and Liberia's president said. Annual production will increase to 15-million... →

An image of heavy haul trucks operating in Liberia.

Iron-ore set for second weekly loss on China demand collapse

By: Reuters 10th September 2021 Iron-ore futures in top steel producer China dropped on Friday to head for a second consecutive weekly loss, with the benchmark Dalian price hovering near its lowest in seven months on fears of more steel production curbs. The most-traded January iron-ore on the Dalian Commodity Exchange ended... →

Australia and Canada to benefit from green steel revolution - Fitch

By: Esmarie Iannucci 8th September 2021 Australia, Canada and Brazil all stood to benefit from the emergence of a green steel market, researcher Fitch Solutions said. Speaking at the Hydrogen in Mining virtual conference, Fitch Solutions head of commodities analysis, Aurelia Britsch said on Wednesday that not only would low carbon... →

CSIR develops polymer composite for steel pipe maker for push-fit applications

By: Schalk Burger 3rd September 2021 The Council for Scientific and Industrial Research (CSIR) has developed a polymer composite solution for, and in partnership with, steel pipe manufacturer Hall Longmore. The solution advances Hall Longmore's aim to offer the South African water industry a localised push-fit application for... →

Russian iron-ore miner urges industry to pursue cleaner operations

By: Marleny Arnoldi 30th August 2021 The current trend in reducing carbon dioxide emissions in ferrous metallurgy will become clear with the transition from blast furnace production to the metallisation process in steel production, and with the use of direct reduced iron (DRI) and hot briquetted iron (HBI), says iron-ore and HBI... →

Green Steel? look to hydrogen as the answer, BNEF says

By: Bloomberg 25th August 2021 Hydrogen made from clean power will be the cheapest way to bring emissions from steel production near zero by 2050, according to a BloombergNEF report. While making green steel with hydrogen requires a price premium now, the process will likely be cheaper than coal- or natural gas-based... →

DMRE confirms 102 solar and wind bids as renewables procurement resumes

By: Terence Creamer 20th August 2021 The Independent Power Producer Office (IPPO) has released the project names and technologies bid in response to Bid Window 5 (BW5) of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), the bid deadline for which was August 16. The list released shows that 63 solar... →

Business seeks to nudge localisation debate beyond import substitution

By: Terence Creamer 4th August 2021 Business is aiming to progress ongoing negotiations on the use of local-content regulations to revive manufacturing in South Africa beyond calls for blanket import substitution by identifying specific products or sectors where the country has the competitive advantages in place to increase... →

Botswana begins first iron-ore mining project

By: Reuters 13th July 2021 Botswana has begun work on its first iron-ore mine, a senior government official said on Tuesday, as the country seeks rapid diversification from diamond mining. The African nation's heavy reliance on diamonds, which account for a fifth of the Botswana's GDP and more than two thirds of its... →

Hot dip galvanising offers corrosion-resistance, a long life

By: Donna Slater 5th July 2021 Hot dip galvanising (HDG), a process that has been around for 185 years, offers corrosion-resistance properties found with few other methods, HDG expert Terry Smith has said. In a webinar hosted by Creamer Media on June 30 on behalf of the International Zinc Association, he spoke about the... →

AMSA to report strong interim results

By: Schalk Burger 1st July 2021 Steel manufacturer ArcelorMittal South Africa (AMSA) expects to deliver a strong set of results for the six months ended June 30. In a trading statement, it says it expects to report headline earnings of at least R1.69-billion and headline earnings a share of at least R1.76. →

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 signs the Steel Master Plan as Numsa's Irvin Jim prepares to do likewise

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. →

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