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Carbon Steel News

 AfCFTA holds opportunities for South African industry

By: Tasneem Bulbulia     20th May 2022 With progress being made on negotiations for the implementation of the African Continental Free Trade Area (AfCFTA), South Africa’s steel industry could capitalise on opportunities emanating from AfCFTA agreement, once it is implemented. Tralac Trade Law Centre executive director Trudi... 

Steel master plan conference reveals action areas that need urgent attention

By: Tasneem Bulbulia     20th May 2022 There are a number of areas with clear to-do lists and action plans that the industry must collaboratively undertake to ensure the successful implementation of the steel industry master plan. Steel and Engineering Industries Federation of Southern Africa (Seifsa) COO Tafadzwa Chibanguza told... 

Forum set up to improve cooperation between Eskom, Transnet and domestic industrialists 

By: Terence Creamer     20th May 2022 A new forum comprising Eskom, Transnet and domestic industrialists is to be established to improve collaboration between the two large infrastructure-focused State-owned companies and domestic manufacturers and suppliers. The initiative was unveiled by Ministers Pravin Gordhan and Ebrahim Patel... 

Trade, Industry and Competition Minister Ebrahim Patel
Photo by Creamer Media Chief Photographer Donna Slater
Trade, Industry and Competition Minister Ebrahim Patel

Is the steel master plan delivering?  

By: Creamer Media Reporter      20th May 2022 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about whether the steel master plan is delivering; the lack of demand that is negatively impacting on the industry and how localisation could help to boost demand; and the electricity supply and rail and port... 

Photo of Terence Creamer
Is the steel master plan delivering?

Steel Master Plan presents immediate opportunities for industry, govt

By: Tasneem Bulbulia     19th May 2022 There are a number of opportunities for both government and industry to capitalise on immediately while pursuing the implementation of the Steel Master Plan, speakers agreed during a panel discussion at the Mainstreaming the Steel Master Plan Conference on May 19. Manufacturing Circle executive... 

Steel industry carbon emissions to drop nearly a third by 2050 – WoodMac

By: Reuters     17th May 2022 Carbon dioxide emissions from the world's steel sector will fall 30% by 2050 compared with last year as more mills turns to less-polluting electric arc furnaces (EAF), consultancy Wood Mackenzie (WoodMac) said in a study on Tuesday. Around 48% of global crude steel will be made via EAF by 2050,... 

Seifsa to host conference on Steel Master Plan

By: Tasneem Bulbulia     13th May 2022 The Steel and Engineering Federation of Southern Africa (Seifsa) will hold a Mainstreaming the Steel Master Plan Conference, at Emperors Palace, in Kempton Park, on May 19 and 20. “Steel forms the foundation of any modern economy and is essential to every single industry sector. Our steel sector... 

Court bars some AMSA workers from strike – union

By: Reuters     12th May 2022 South Africa's labour court has ordered workers at ArcelorMittal South Africa's (AMSA's) steel plants, blast furnaces and coke batteries to be excluded from an ongoing job boycott, after the company argued these are essential services barred from striking by law, the metal-workers union said. The... 

Numsa to embark on strike at AMSA’s operations from May 11

By: Donna Slater     10th May 2022 The National Union of Metalworkers of South Africa (Numsa) says it has served steelmaker ArcelorMittal South Africa (AMSA) with a 48-hour notice to strike after the union rejected AMSA’s wage increase offer. Numsa intends to start the strike at AMSA’s Vanderbijlpark, Pretoria and Newcastle... 

Gordhan calls for ban on sale of scrap metal to protect SA's infrastructure

By: News24Wire      5th May 2022 Public Enterprises Minister Pravin Gordhan says in order to to alleviate the risk of continued damage, theft and vandalism of freight rail infrastructure in the country, government should consider a temporary ban on the sale of scrap metal. Gordhan was replying to questions in the National... 

ArcelorMittal sees global steel demand drop on Ukraine war

By: Bloomberg     5th May 2022 ArcelorMittal expects global steel consumption to contract this year as Russia’s invasion of Ukraine slows the economic rebound from the pandemic. Demand for steel -- a key barometer for global economic growth -- will fall by as much as 1% this year, the company said in a statement Thursday.... 

Mining leader in S Africa’s 4IR transformation

By: Tracy Hancock     22nd April 2022 While the South African mining industry in many aspects is leading the country’s Fourth Industrial Revolution (4IR), the manufacturing sector is not as quick to adopt to new ways of working and the use of technology, says professional services firm PwC South Africa industrial manufacturing and... 

BEYOND TECHNOLOGY
Companies often believe that the Fourth Industrial Revolution is all about technology, failing to see that it is actually about a new way of working
BEYOND TECHNOLOGY Companies often believe that the Fourth Industrial Revolution is all about technology, failing to see that it is actually about a new way of working

Siemens Gamesa buffeted by rising costs as turbine launch problems deepen

By: Reuters     20th April 2022 Siemens Gamesa is discussing raising prices for its wind turbines by more than a high single-digit percentage in some cases as it grapples with stubbornly lofty raw materials prices, CE Jochen Eickholt said on Wednesday. "For specific materials … steel, copper, others, we continue to observe... 

Seifsa’s Trentini says government needs to roll out infrastructure spend

By: Darren Parker     13th April 2022 Government needs to roll-out its promised infrastructure spend as it is central to reigniting industrial capacity in the domestic steel sector, Steel and Engineering Industries Federation of Southern Africa (Seifsa) CEO Lucio Trentini said on April 13. “This industry stands ready to make its... 

Seifsa CEO Lucio Trentini
Seifsa CEO Lucio Trentini

ArcelorMittal studies 100 MW renewables projects for Gauteng and Western Cape 

By: Terence Creamer     13th April 2022 Steel producer ArcelorMittal South Africa has initiated feasibility studies for two 100 MW renewable energy projects to supply electricity to its existing facilities in Gauteng and the Western Cape. The studies should be finalised during 2023/2024, the company said in a statement. 

ArcelorMittal South Africa CEO Kobus Verster
Photo by Creamer Media
ArcelorMittal South Africa CEO Kobus Verster

Scaw CEO attributes R2bn steel mill investment to scrap certainty created by master plan 

By: Terence Creamer     6th April 2022 Scaw Metals CEO Doron Barnes has attributed the company’s recent decision to invest R2-billion in a new hot-strip steel mill, in Gauteng, directly to the steel master plan, which he insists has the potential to revive both upstream and downstream industries. The mill, which will incorporate... 

Scaw Metals CEO Doron Barnes speaking at the launch of the Steel Master Plan in 2021
Photo by Creamer Media's Donna Slater
Scaw Metals CEO Doron Barnes speaking at the launch of the Steel Master Plan in 2021

Metals, new mine investment required now to support future energy transition 

By: Donna Slater     5th April 2022 Despite the significant energy intensity required to mine metals, the commodities are still “essential for the energy transition to succeed”, says BHP market analysis and economics VP Dr Huw McKay. He says that, although having a common goal of limiting global warming to below 2 °C of... 

BHP's Spence mine

Kogi raises $5m for Nigeria iron project

By: Darren Parker     30th March 2022 ASX-listed Kogi Iron has announced a $5-million capital raising programme, comprised of a $1.73-million share placement and an upcoming share purchase plan (SPP) to raise up to $3.3-million. Kogi is developing its 100%-owned Agbaja iron and steel project in Kogi State, Nigeria. 

Steel Master Plan to remain ineffectual unless focus is narrowed, Macsteel CEO warns 

By: Terence Creamer     28th March 2022 Without far greater focus and prioritisation, Macsteel CEO Mike Benfield believes the Steel Master Plan will remain captive to high levels of ambition with limited real-world effectiveness. There has been little implementation progress since the master plan’s official launch in 2021, when... 

Macsteel CEO Mike Benfield
Macsteel CEO Mike Benfield

AMSA shuts furnace over rail troubles and grapples with pricing impacts of Russia-Ukraine conflict

By: News24Wire      17th March 2022 Transnet's poor performance has forced ArcelorMittal South Africa (AMSA) to shut off a blast furnace for three weeks while the steelmaker has also warned customers that the Russia-Ukraine conflict is pushing key input prices skyward. The curveballs come just a month after the group, South... 

Weekly Commodities Market Wrap

14th March 2022 ENERGIES - Coal markets had a wild ride last week, with Richards Bay Coal Terminal physical prices reaching a high of around $450/mt, before coming back down to around $380. As we said previously, this was likely to be the high water mark with the most desperate utilities covering in the spot... 

A table with the latest global commodity spot prices

Foundation aims to build businesses

4th March 2022 Manufacturer, merchandiser and distributor of steel Macsteel has established Macsteel Foundation Solutions, a business born of the company’s strategy to reimagine and re-engineer its business model to drive growth for the company and create value for customers in the construction industry and... 

An image of steel based construction
MACSTEEL FOUNDATION SOLUTIONS Macsteel Foundation Solutions is differentiated from conventional construction services in Southern Africa and the rest of Africa

Company proposes solution for steel plants

By: Anna Moross     4th March 2022 Steelmakers globally are being pressured to reduce their carbon emissions, and the enhanced blast furnace is an “interesting solution” to ensure a reduced carbon footprint for steel plants, says plant supplier SMS group South Africa MD Pieter Bezuidenhout. 

Changes in steel industry create challenges

By: Anna Moross     4th March 2022 The steel sector has evolved over the past few years and steel and tube supplier Stewarts & Lloyds branch manager Richard Horsley says this is evident from the supply chain to the end-user.  

An image of Stewarts & Lloyds steel and tube supplies
STEEL SECTOR Stewarts & Lloyds is committed to providing the best products and services they can offer and will continue to innovate to give their best to customers, the industry and South Africa

Acquisition to boost company’s steel aspirations

By: Anna Moross     4th March 2022 With the acquisition of steel producer COMIR Industrial SA in November 2021, specialised importer and distributor of industrial and electronic products in Southern Africa, Actum Group, aims to expand its steel products range and become a valuable player in the steel processing industry. 

An image of the COMIR Industrial SA Actum Group team
ACTUM GROUP As a specialised importer and distributor of industrial and electronic products Actum group decided to acquire COMIR Industrial SA

Zimbabwe’s State-owned miner selected to revive steel firm

By: Bloomberg     23rd February 2022 Zimbabwe has selected Kuvimba Mining House, a State-owned company, which has been shrouded in controversy, to revive one of the continent’s largest steel mills. The miner, which already has vast interests in gold and nickel, has been picked as the “investment partner” to breath new life into the... 

Fitch revises short-term iron-ore price outlook higher on China stimulus

By: Schalk Burger     21st February 2022 Business intelligence firm Fitch Solutions Country Risk and Industry Research is revising its 2022 iron-ore price forecast upwards, from $90/t to $120/t, and its 2023 forecast, from $75/t to $110/t, as Chinese demand has once again started picking up. The firm expects Chinese demand to also... 

Challenging project brings Swoosh to Soweto

By: Halima Frost     18th February 2022 Steel and tube supplier Stewarts & Lloyds Robertville has successfully completed a steel fabrication project for global brand Nike in the newly developed Shapa Soweto Training Centre, in Soweto, Gauteng. The project entailed the fabrication of a roofing structure, made of 406 individually made... 

A red roof made of Y8 Rebar bent at various angles to create a Swoosh effect for client Nike at the Shapa Soweto Training Centre
NIKE? NICE! The Nike Swoosh effect was successfully created through various bends on a rebar based roofing structure at the Shapa Soweto Training Centre

What conflict in Ukraine would mean for oil, gas and food

By: Bloomberg     15th February 2022 Tensions over Ukraine are entering a critical period, driving up prices of raw materials key to the global economy, and piling pressure on governments already struggling with surging inflation. The US has warned that Russia could attack its neighbor as early as this week, even though Moscow has... 

ArcelorMittal South Africa reports best earnings since 2008, but Transnet poses threat to outlook 

By: Terence Creamer     10th February 2022 Steel producer ArcelorMittal South Africa (AMSA) has reported its best financial performance since 2008, with headline earnings surging to R6.86-billion in 2021 from a R2-billion loss in 2020. No dividend was declared, however. 

ArcelorMittal South Africa CEO Kobus Verster
Photo by Creamer Media
ArcelorMittal South Africa CEO Kobus Verster

SAWEA chair sees 100 MW reform unlocking wind investments in Mpumalanga 

By: Terence Creamer     28th January 2022 The chairperson of the South African Wind Energy Association (SAWEA) says the industry is well placed to take advantage of both the 100 MW reform and recent moves to release 36 000 ha of Eskom land in the grid-rich Mpumalanga province to accelerate renewables investments and facilitate a just... 

South African Wind Energy Association chair Mercia Grimbeek
South African Wind Energy Association chair Mercia Grimbeek

Macsteel business launched to support construction industry

By: Schalk Burger     26th January 2022 Steel products distributor Macsteel has established Macsteel Foundation Solutions, which provides customers in the construction industry with steel-based construction and innovative lateral support services and products The new business is part of the company’s strategy to reimagine and... 

Green primary iron could help South Africa offset fall in coal export revenues – study 

By: Terence Creamer     26th January 2022 Producing carbon-free primary iron in South Africa using green hydrogen direct reduced iron (GHDRI) technology could create a new globally competitive green export industry that could help offset the losses associated with the eventual decline in coal exports, a new study shows. Such exports... 

Green primary iron made in South Africa could help global steelmakers lower the cost of their decarbonisation efforts
Photo by Creamer Media
Green primary iron made in South Africa could help global steelmakers lower the cost of their decarbonisation efforts

Global steel production increased by 3.7% y/y in 2021

By: Schalk Burger     26th January 2022 World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) reached 1.95-billion tonnes in 2021 – a 3.7% year-on-year increase. China produced 1.03-billion tonnes – a 3% year-on-year decline. 

MSI assists young people with business development skills

By: Yvonne Silaule     25th January 2022 The Mpumalanga Stainless Initiative (MSI) will from next week run an entrepreneurship programme to assist young people to effectively start businesses or scale up existing small businesses into high-growth ventures, through structured entrepreneurship training. MSI is a nonprofit technology... 

Opinion: Steelmaking remains a key strategic industry for South Africa

21st January 2022 In this opinion article, ArcelorMittal South Africa (AMSA) stakeholder management and communications group manager Tami Didiza writes about the state of the South African steel industry, trade protection measures and AMSA's investment in its own facilities, as well as its support for the... 

Tami Didiza

Opinion: Localisation – beware unintended consequences

18th January 2022 The growing consensus that localisation is some sort of silver bullet that will solve our economic and job creation woes is misplaced, writes Duferco Steel Processing MD Ludovico Sanges, adding that localisation policy needs to be carefully calibrated to drive economic growth and not simply... 

Duferco Steel Processing MD Ludovico Sanges
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