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Carbon Steel News

PSV business rescue plan presentation delayed

By: Simone Liedtke     8th July 2020 The business rescue practitioners handling industrial holding company PSV Holdings’ business rescue process have extended the date for presentation of the business rescue plan to July 13. More than 50% of PSV’s creditors had agreed to the extention. 

Getting it right: Kogi Iron

By: Creamer Media Reporter      8th July 2020 Mining Weekly incorrectly reported on July 7 that ASX-listed Kogi Iron had received a large investment from European funds management company Torridon Investments Research to develop its Agbaja cast steel project, in Nigeria. However, Torridon, which is a European funds manager with billions of... 

Correction: Kogi Iron

By: Schalk Burger     7th July 2020 Mining Weekly incorrectly reported on July 7 that ASX-listed Kogi Iron had received a large investment from European fund management company Torridon Investments Research to develop its Agbaja cast steel project, in Nigeria. However, Torridon, which is a European fund manager with billions of... 

Get going with galvanizing: new book for engineers from IZA

By: Shannon de Ryhove     3rd July 2020 The International Zinc Association (IZA) will launch its new publication, The Essentials of Galvanizing, during a webinar hosted by Creamer Media Contract Publishing on July 15, 2020. The publication offers the civil engineering and construction industry valuable insights into the importance of... 

Get going with galvanizing: new book for engineers from IZA

New approach adopted in uncertain steel market

By: Darren Parker     3rd July 2020 Steel merchant Macsteel has been re-evaluating its business strategy, owing to a steady decline in steel consumption over the past five years, with 2019 being a “new low” and the start of 2020 faring just as poorly – a situation that has been exacerbated by the lockdown because of Covid-19.... 

New approach adopted in uncertain steel market
BUILDING THE RIGHT WAY Macsteel aims to build its market share through strong, well-established and sustainable relationships with customers

Automation reduces costs, increases productivity

By: Darren Parker     3rd July 2020 With companies that invest in technology and automation showing signs of being more adaptable and strategically well positioned to take advantage of an inevitable upswing in the economy, local manufacturer and supplier of cutting and welding equipment consumables as well as distributor of steel... 

Automation reduces costs,  increases productivity
ANDREW POOLE Companies which take the risk and invest are more agile, more productive and better positioned to diversify and access new markets

New booster for industry 

By: Darren Parker     3rd July 2020 Nitrogen generation equipment manufacturer and supplier NitraLife has introduced a booster for its NitraCut nitrogen generator product, which ‘bolts’ onto the company’s NitraCut nitrogen generator, to increase its nitrogen delivery pressure and therefore also increase the thickness of steel it... 

New booster for industry
NitraLife MD Tom Sowry discusses the new NitraCut booster. Camerawork: Nicholas Boyd. Editing: Nicholas Boyd. Recorded: 11.06.2020

Future order book to relieve pressure for fabricator 

By: Darren Parker     3rd July 2020 Although the strategic decision to continue to pay employees full salaries during the Level 5 lockdown in April put pressure on its cashflow, steel fabricator and erector Betterect believes a healthy order book of projects for the next 18 months should ensure that the pressure will be relieved.... 

Future order book to relieve pressure for fabricator
Betterect MD Nicolette Skjoldhammer discusses the company’s strategic decisions, facility upgrades and the concept of ‘Team Africa’. Camerawork: Nicholas Boyd. Editing: Nicholas Boyd. Recorded: 12.06.2020

AMSA clarifies details of safeguard application for structural steel products

By: Schalk Burger     2nd July 2020 ArcelorMittal South Africa (AMSA) on July 1 said it had, in collaboration with Evraz Highveld Steel, applied for safeguards on structural steel products produced at the Highveld Structural Mill, being the only producer of these products in the country. AMSA emphasised that it haD not approached... 

Metso Outotec can drive industries towards responsible use of natural resources

By: Marleny Arnoldi     1st July 2020 Metso Minerals, a subsidiary of global industrial company Metso, has officially merged with Finnish-listed technology company Outotec. The merger has formed a leading process technology, equipment and services company serving the minerals, metals and aggregates industries. The combined company... 

Metals, engineering sectors to ‘walk the tightrope’ to economic recovery

By: Simone Liedtke     24th June 2020 The road to the metals and engineering (M&E) sector’s post-Covid-19 recovery will be long and will require extraordinary and targeted policies to walk the tightrope towards an economic reboot, Steel and Engineering Industries Federation of Southern Africa (Seifsa) chief economist Dr Michael Ade... 

Global steel output falls 8.7% in May, but China lifts production

By: Reuters     23rd June 2020 Global crude steel output slipped 8.7% in May to 148.8-million tonnes as many steelmakers shut operations due to the Covid-19 pandemic, even as top producer China was resilient and pumped out more of the metal. Data from the World Steel Association on Monday showed a sharp contrast between steel... 

AMSA considering large-scale restructuring, jobs to be lost

By: Simone Liedtke     18th June 2020 While the full extent of the Covid-19 pandemic still remains uncertain as the economy slowly reopens within government’s risk-adjusted approach to easing lockdown restrictions, JSE-listed steel producer ArcelorMittal South Africa (AMSA) has advised that it is considering a large-scale... 

AMSA considering large-scale restructuring, jobs to be lost

Covid-19 compounds challenges in Africa

By: Tracy Hancock     12th June 2020 The legislation put in place amid the Covid-19 pandemic is compounding the “exceptionally challenging” business environment already faced by companies when operating in Africa, where each country presents its own challenges, says Macsteel Exports senior branch manager Adrian Isemonger. He... 

Covid-19 compounds challenges in Africa
AFRICAN REACH Macsteel Exports supplies sub-Saharan Africa with the broadest range of carbon steel, stainless steel, specialty steels, aluminum products and value-added processes to all industry sectors

Pandemic dashes hopes for a domestic steel sector turnaround

By: Simone Liedtke     12th June 2020 The international Covid-19 outbreak, which has disrupted the South African and the global economy, has thrown another “a spanner in the works” for the already embattled domestic steel sector and could seriously hamper, or even prevent, a recovery. The pandemic has already ruined any hopes of a... 

Pandemic dashes hopes for a domestic steel sector turnaround

African supply chains can unlock sustained economic growth post pandemic

12th June 2020 The current Covid19-related economic challenges, locally and throughout Africa, starkly highlight the need for pan-African companies and governments to support African supply chains and,  in so doing, boost economic activity on the continent. This can be achieved by procuring the production of... 

Worldsteel says demand will contract by 6.4% this year owing to Covid-19

By: Simone Liedtke     4th June 2020 The World Steel Association (worldsteel) expects global steel demand to contract by 6.4% this year, as a result of the Covid-19 crisis. In its Short Range Outlook (SRO) for 2020 and 2021, released on June 4, the industry body states that steel demand is, however, expected to increase by 3.8%... 

EU to revamp steel-import controls as virus-hit economy recovers

By: Bloomberg     1st June 2020 The European Union plans to revamp its steel-import restrictions to guard against major market distortions as the bloc’s economy recovers from the effects of the pandemic. The proposed changes apply to EU import curbs introduced two years ago to prevent a controversial 25% US levy on foreign... 

EU to revamp steel-import controls as virus-hit economy recovers

AMSA welcomes move to Level 3 in nationwide lockdown

By: Simone Liedtke     25th May 2020 Steel company ArcelorMittal South Africa (AMSA) has welcomed the announcement by President Cyril Ramaphosa that the country will be moving to Level 3 in the risk-adjusted approach to the easing of the nationwide lockdown.  At Level 3, AMSA will be able to operate with 100% of its workforce, but... 

Global steel production down 13% y/y

By: Donna Slater     22nd May 2020 World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) decreased by 13% year-on-year to 137.1-million tonnes in April. Africa's output decreased by 55.7% year-on-year to 603 000 t, with South Africa's output having decreased by 99.5%. 

Pandemic, economic challenges to shape industry direction

By: Mamaili Mamaila     22nd May 2020 Industry trends are likely to take a new direction because of the global Covid-19 pandemic and a severely constrained local economy, says steel and value-added steel products merchandiser and distributor Macsteel. 

Pandemic, economic challenges to shape industry direction
MIKE BENFIELD The construction and steel sectors – including the larger manufacturing industry – are “hand-in-glove”

Fitch Solutions expects most metal markets to move into a surplus this year

By: Simone Liedtke     13th May 2020 Most metals markets are expected to move into a surplus this year, says research firm Fitch Solutions, noting that consumption is likely to decrease more than the decreases in production capacity, as a result of the spread of Covid-19. Although some operational hurdles, owing to government... 

Kogi appoints Nigerian contractor to start trial iron-ore mining

By: Marleny Arnoldi     8th May 2020 ASX-listed Kogi Iron and its Nigerian subsidiary KCM Mining have started small-scale trial mining at the Agbaja Cast Steel project, in Nigeria. The companies have appointed a local Lokoja-based civil engineering contractor to start the trial mining on a 30 m by 30 m by 5 m deep pit, owing to... 

EU reviewing steel imports in view of possible glut - trade chief

By: Reuters     22nd April 2020 The coronavirus crisis could lead to massive stockpiling of steel that could then flood the European Union when demand returns, the EU trade chief said on Tuesday, adding this was something the bloc would seek to guard against. The EU put in place safeguards in 2018 to control incoming steel to... 

Organisation calls for govt assistance to ‘reshape’ steel industry post-lockdown

By: Simone Liedtke     17th April 2020 The decision to put South Africa under lockdown as part of its response to Covid-19 “has put further pressure on the steel industry”, says research organisation Trade and Industrial Policy Strategies (Tips). In a policy brief, it elaborates that, depending on the length of the lockdown and the... 

Kogi Iron sees ongoing interest in Nigeria-based cast steel project

By: Simone Liedtke     7th April 2020 ASX-listed Kogi Iron is seeing ongoing interest from potential new investors in its Agbaja cast steel project, in Nigeria, where Kogi is starting to see global capital flows to the commodity sector. Owing to the rapid escalation and global impacts of the coronavirus, or Covid-19, Kogi and KCM... 

Kogi Iron sees ongoing interest in Nigeria-based cast steel project
A location map of Kogi Iron's Nigerian cast steel project.

Opinion: South African steel industry is an industry in distress

6th March 2020 In this opinion piece, South African Iron and Steel Institute secretary-general Charles Dednam outlines the difficulties being faced by the domestic steel industry and calls for the creation a ‘level playing field’ to enable the steel industry to contribute more fully in stimulating value-added... 

Opinion: South African steel industry is an industry in distress
South African Iron and Steel Institute secretary-general Charles Dednam

Companies urged to gear up for gas revolution in Mozambique

By: Kim Cloete     3rd March 2020 Key players in the gas industry have urged the South African government and companies to gear up for the tremendous opportunities that the gas resources uncovered in Mozambique will offer.  A final investment decision (FID) has been taken for two projects, while the FID for a third project is... 

Germany moves into hydrogen with lessons from Opec, Russia 

By: Bloomberg     3rd March 2020 Germany is taking its first steps to build an economy based on hydrogen instead of fossil fuels, seeking to deliver both green growth and to avoid being trapped by a small cartel of suppliers. Ministers have been quietly lining up deals with nations including Nigeria that might produce hydrogen... 

Iron-ore soars as China port stocks dip, stimulus hopes grow

By: Reuters     2nd March 2020 China's iron-ore futures hit the upside limit on Monday as declining stockpiles at ports indicated steel mills' improving appetite for the raw material, while expectations grew Beijing will roll out further support for its paralysed economy. iron-ore on the Dalian Commodity Exchange ended up 5.8%... 

Market feels project pinch

By: Mamaili Mamaila     28th February 2020 The lack of significant public infrastructure spend to boost steel consumption and construction activity are some of the challenges that the local steel tube market has to deal with, says steel industry association the Association of Steel Pipe Manufacturers (ASTPM). 

Market feels project pinch
KEITUMETSE MOUMAKOE The influx of cheap small-bore steel tube imports has not aided the industry

Digitalisation beneficial for steel producers

By: Mamaili Mamaila     28th February 2020 Digitalisation will become an increasingly important strategy for steel producers to achieve a competitive advantage in the market, says metallurgical industry plant and integrated systems provider SMS group MD Pieter Bezuidenhout. 

Local steel industry still holds much potential 

By: Mamaili Mamaila     28th February 2020 The current capacity and capabilities of the local steel industry are still largely understated, says export trade promotion agency the International Steel Fabricators (ISF). 

Local steel industry  still holds much potential
International Steel Fabricators CEO Neels van Niekerk discusses the South African steel sector. Camerawork: Creamer Media’s Nicholas Boyd. Editing: Creamer Media’s Nicholas Boyd. Recorded: 30.01.2020

Global steel output rose 2.1% y/y in January – worldsteel

By: Reuters     26th February 2020 Global crude steel production rose 2.1% to 154.4-million tonnes in January from the same month a year ago, figures from the World Steel Association showed on Tuesday. Crude steel output from China, the world's top producer and consumer of the alloy, gained 7.2% to 84.3-million tonnes in January. 

Record stash of steel in China as demand slammed

By: Bloomberg     25th February 2020 The world’s largest steel industry just sent out another warning flare as producers grapple with the coronavirus outbreak: nationwide stockpiles of reinforcement bar have swelled to the most on record. The surge is a reflection of the dislocation caused by the disease and efforts to fight it.... 

Kumba pays out 92% of HEPS to shareholders as iron-ore prices lift earnings 

By: Marleny Arnoldi     18th February 2020 JSE-listed miner Kumba Iron Ore delivered a payout ratio of 92% of headline earnings per share (HEPS) for the year ended December 31, exceeding its 50% to 75% dividend payout policy. The company declared a final cash dividend of R15.99 apiece, which, combined with the interim dividend of R30.79... 

Kumba pays out 92% of HEPS to shareholders as iron-ore prices lift earnings
Photo by Creamer Media's Donna Slater
Kumba Iron Ore CEO Thamba Mkhwanazi

Bushveld sees battery storage potential beyond EVs  

By: Simone Liedtke     17th February 2020 While the energy transition is gaining a lot of traction, integrated primary vanadium producer Bushveld Minerals CEO Fortune Mojapelo laments that the battery storage narrative is “still dominated by electric vehicles (EVs)”. He tells Engineering News & Mining Weekly that there is still a lack of... 

Bushveld sees battery storage potential beyond EVs
Bushveld Minerals CEO Fortune Mojapelo chats to Engineering News & Mining Weekly about the energy transition, how vanadium plays a role in this as well as how this fits into the company's growth plans. Video: Creamer Media's Kutlwano Matlala. Editing: Nicholas Boyd.
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