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Carbon Steel News

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... →

Company secures distributor deal

By: Halima Frost 5th March 2021 Engineering solutions provider BMG has been appointed as the exclusive distributor of Swagefast fastening systems in Africa, including South Africa. “This means that BMG will have the capacity to supply heavy industrial pin and collar fastening solutions directly to the rail industry,” says BMG... →

PIN AND COLLAR The Swagefast heavy industrial pin and collar range will now be supplied by BMG

Seifsa partners with Venncap to help metals, engineering companies secure funding

By: Schalk Burger 4th March 2021 Industry body the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has partnered with funding consulting firm VennCap Business Solutions to assist metals and engineering sector companies to secure funding for their businesses and enable them to chart a course to... →

Seifsa CEO Kaizer Nyatsumba

Global crude steel production up 4.8% y/y in January

By: Schalk Burger 26th February 2021 Crude steel production for the 64 countries that provide data to the global industry body the World Steel Association (worldsteel) increased by 4.8% year-on-year to 162.9-million tonnes in January. Production in Africa, the US, Japan and the European Union (EU) had, however, decreased, worldsteel... →

Global crude steel output decreases by 0.9% in 2020

26th February 2021 Global crude steel production reached 1 864-million tonnes (Mt) for the year 2020, which is down by 0.9% compared with 2019, steel industry association the World Steel Association stated in a press release last month. →

Photo by worldsteel.org
DECREASED STEEL OUTPUT Global crude steel production reached 1 864-million tonnes for the year 2020

Manufacturing recovery’s slow pace a concern, Seifsa

26th February 2021 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is concerned about the slow pace of recovery in the manufacturing sector, as depicted by the manufacturing Purchasing Managers' Index (PMI) number of 50.9 last month – lower than the 2020 fourth quarter average. →

MULTIPLIER EFFECT The manufacturing sector remains key to the growth and development of South Africa owing to its multiplier effect on other sectors of the economy

Safe and reliable steel production even more crucial

26th February 2021 High temperatures, molten metals and heavy loads are some of the challenges faced during steel production, says industrial instrumentation and automation multinational Endress+Hauser. →

ZOOMING INTO SAFETY Over the years, the importance of safety has grown substantially, whereby laws and regulations governing the smelter and metals sector have become stricter

Companies committed to transformation honoured

26th February 2021 Entries are open for the seventh annual Steel and Engineering Industries Federation of Southern Africa (Seifsa) Awards for Excellence and the federation is calling on all companies within the metals and engineering (M&E) industry to send in their submissions for the Most Transformed Company of... →

TRANSFORMATION GOALS The Most Transformed Company of the Year Award honours and celebrates companies that have been able to transform their workplaces meaningfully

Company adopts ‘three Rs’ approach to reduce environmental impact

By: Mamaili Mamaila 26th February 2021 Wear-resistant chromium carbide-clad liner plates manufacturer Rio-Carb has aligned itself with the ISO14001 environmental management system to benchmark its manufacturing processes by following the reduce, reuse and recycle approach. →

JABULILE MLAMBO Rio-Carb’s approach offered an environment-positive option to the mining, steel and cement industries

New Swedish venture eyes fossil fuel-free steel production in 3 years

By: Reuters 24th February 2021 Swedish steel venture H2 Green Steel is planning to build a fossil fuel-free steel plant in the north of Sweden, including a sustainable hydrogen facility, with production starting in 2024, it said on Tuesday. The Lulea-based venture, which is in the process of closing 50 million euros ($60.7... →

Biden faces South African push to extend trade concessions

By: Bloomberg 15th February 2021 South Africa is apprehensive about striking a new trade deal with the US and would rather maintain existing relations with the world’s largest economy, the nation’s top trade official said. South Africa is currently party to the so-called Generalised System of Preferences and the African Growth... →

Seifsa calls for finalisation, implementation of Steel Master Plan

By: Schalk Burger 12th February 2021 Industry body the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has called for the finalisation and speedy implementation of the Steel Master Plan, which it believes will benefit primary and downstream players in the local steel industry. It is also considered to be key... →

Macsteel commits to paying SME suppliers in 30 days

By: Marleny Arnoldi 11th February 2021 Steel merchant Macsteel has committed to its paying small- and medium-sized enterprise (SME) suppliers within 30 days, in a bid to contribute to the growth of this critical sector of the South African economy. Macsteel is the latest company to join Business for South Africa’s (B4SA’s) #PayIn30... →

ArcelorMittal South Africa reports second-half profit as supply squeeze lifts prices

By: Terence Creamer 11th February 2021 Steelmaker ArcelorMittal South Africa (AMSA) return to profit in the second half of its 2020 financial year on the back of steel-shortage-induced price rises that negatively affected many domestic downstream consumers and have led to growing calls for a lifting of import protection. The... →

BHP pledges $15m to decarbonise the steel industry

By: Esmarie Iannucci 10th February 2021 Diversified miner BHP has signed a memorandum of understanding (MoU) with Japanese steel producer JFE Steel to jointly study technologies and pathways capable of making material reductions to greenhouse-gas emissions from the integrated steelmaking process. BHP on Wednesday said that it was... →

Global steel price rally to be short-lived – Fitch

By: Schalk Burger 4th February 2021 The recent global rally in steel prices will be short-lived, with prices starting to decline towards the end of the first quarter of 2021, as steelmaking production continues to be restarted. Vast steelmaking capacity idled during the heights of the pandemic could not be brought online quickly... →

ArcelorMittal SA ramps up Vaal Meltshop to full production to ease steel shortages

By: Terence Creamer 28th January 2021 Steel producer ArcelorMittal South Africa (AMSA) reported on Thursday that it would increase output at its Vaal Meltshop electric arc furnace (EAF), in Vereeniging, to help address prevailing steel shortages, which have been negatively affecting downstream fabricators and manufacturers for... →

Photo by Creamer Media's Donna Slater
Kobus Verster

Global coalition formed to drive net-zero shift in hard-to-decarbonise transport and industrial sectors

By: Terence Creamer 27th January 2021 A new global partnership has been formally launched in an effort to accelerate the decarbonisation of seven heavy industrial and transport sectors that together represent 30% of global greenhouse-gas emissions and where carbon-abatement pathways have yet to be defined. Known as the ‘Mission... →

Forrest paves the way for green steel

By: Esmarie Iannucci 22nd January 2021 Mining magnate Andrew Forrest has pledged iron-ore major Fortescue to a green energy future, unveiling plans for green steelmaking in the Pilbara. In the first ABC Boyer Lecture for 2021, which will be aired over the weekend, Forrest in a recorded message stated that Fortescue would build... →

Photo by Bloomberg
Fortescue founder and chairperson Andrew Forrest

Obituary: Eric Samson, a great loss for the steel industry and the country

21st January 2021 In this tribute, Macsteel Global chairperson Mick Davis reflects on the life and contribution of Eric Samson, who he describes as softly spoken, compassionate and generous. It is with great sadness that we announce the passing of the founder and majority shareholder of the Macsteel Group, Eric... →

Eric Samson

Steel baron Eric Samson dies

By: News24Wire 20th January 2021 Steel magnate Eric Samson, best known for building Macsteel into one of South Africa's largest companies, has died aged 83. The octogenarian billionaire – who shied away from the spotlight throughout his life – died in Newport, California. He had a career spanning more than five decades in the... →

Neasa calls for steel duties to be dropped to meet burgeoning domestic demand

By: Donna Slater 18th January 2021 Unless import duties are reduced or made null for a period of time, steel shortages will continue to plague the domestic market, the National Employers Association of South Africa (Neasa) argues. Currently, the largest steel manufacturer – ArcelorMittal South Africa (AMSA) has repeatedly assured... →

Steel inventories rise as coronavirus spike sees China's Hebei grind to a halt

By: Reuters 13th January 2021 Steel mills in northern China's Hebei province are having to find more space for inventories as transportation restrictions imposed to prevent the spread of a resurgent coronavirus prevent them from sending out products to clients. Hebei, which accounts for a quarter of China's steel capacity,... →

BHP invests in startup seeking to make emissions-free steel

By: Bloomberg 12th January 2021 BHP Group, the world’s biggest mining company, has invested in a startup company seeking to develop less-polluting ways of making steel. While many in the mining industry have outlined how they plan to curb their own direct pollution, those emissions are a fraction of ones produced by customers,... →

AMSA says steel shortage will be ‘quickly’ resolved after early restart of blast furnace

By: Terence Creamer 8th January 2021 Steel producer ArcelorMittal South Africa (AMSA) says the earlier-than-planned restart of its second blast furnace at the Vanderbijlpark Works will position the company to “quickly resolve” the current shortage of steel, which has been negatively affecting downstream fabricators and manufacturers... →

Photo by Creamer Media
The Vanderbijlpark Works

Steel supply squeeze continues for downstream firms

By: Terence Creamer 7th January 2021 South Africa’s downstream fabricators and manufacturers are continuing to experience difficulties in securing steel and are also confronting rising prices, which could be partly attributed to the throttling of supply over the past few months. The Department of Trade, Industry and Competition... →

Mining and Metals Blockchain Initiative launches proof of concept platform to trace emissions

By: Creamer Media Reporter 15th December 2020 The World Economic Forum’s (WEF's) Mining and Metals Blockchain Initiative (MMBI) has released a proof of concept that uses distributed ledger technology to track embedded greenhouse-gas emissions. The successful completion of the proof of concept, named the Carbon Tracing (COT) Platform will be... →

Seifsa calls for moratorium on power hikes as Eskom makes case for cost-reflectivity

By: Terence Creamer 7th December 2020 Steel and Engineering Industries Federation of Southern Africa (Seifsa) used the platform created by ongoing National Energy Regulator of South Africa (Nersa) hearings to call for a moratorium on additional electricity tariff hikes, arguing that further increases would undermine the country’s... →

New forming line increases global supply capabilities

4th December 2020 Last month, automotive technology and engineering company Benteler International announced it would be investing in a new forming line for processing of airbag tubes at its Schloss Neuhaus plant, in Germany. The company has expanded its value-added depth in airbag and seat belt pretensioner tubes... →

PIPELINE A new forming line for processing of airbag tubes is being invested in by Benteler International

Global steel output up 7% y/y in October as industry recovers

By: Reuters 25th November 2020 Global crude steel production in October rose 7% year on year to 162-million tonnes as other countries joined China in a recovery in industrial activity. China, the world's biggest producer and consumer of the metal, remained the stand-out performer with a gain of 12.7% to 92.2-million tonnes,... →

Company holds premium reputation in valves industry

6th November 2020 Stainless steel and special alloy valves supplier Energy Valves, a division of single-source supplier of corrosion resistant and other specialist alloys EMVAfrica, holds a solid reputation as a leading supplier of premium quality valve solutions. “Several differentiating factors have earned us... →

LARGE HOLDING ENERGYValves boasts a vast stock-holding of its flagship range of competitively priced ball valves which can be considered as commodity products

Norway's Nel, Statkraft agree to produce green hydrogen for steelworks

By: Reuters 30th October 2020 Norwegian hydrogen producer Nel and utility Statkraft have agreed to build a plant to deliver green hydrogen to a steelworks in northern Norway, replacing fossil fuel, the companies said on Friday. A letter of intent signed by the two firms covers the delivery of an alkaline electrolyser plant... →

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