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Carbon Steel News

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. 

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... 

A photo of a utility scale solar farm

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... 

A photo of a worker welding

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
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
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... 

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

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... 

Iron-ore tumbles as optimism around China demand fades

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 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... 

AMSA CEO Kobus Verster
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... 

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

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... 

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

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 slumps again as steel hub asks mills to control surge

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’s ‘ridiculous’ prices to stay as fear grips commodities

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