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Carbon Steel News

South Africa should focus on the speed at which it adapts to 4IR – Manamela 

By: Simone Liedtke     12th September 2019 While the metals and engineering industries play a key role in preparing South Africa for the opportunities that the Fourth Industrial Revolution (4IR) brings, Higher Education, Science and Technology Deputy Minister Buti Manamela says the department’s focus will be on digital technologies, such... 

Company becomes first validation facility in South Africa

9th September 2019 Welding and construction equipment-related supplier Renttech South Africa has become the first local validation facility which is able to provide a service to industry validating welding equipment according to ISO 17662 standards. Renttech is a company within the Bidvest Group’s Commercial... 

EU countries back tighter controls on steel imports

By: Reuters     4th September 2019 European Union (EU) governments approved limits to steel quotas on Wednesday designed to protect European manufacturers from the threat of surging imports following the effective closure of the US market. A large majority of EU countries voted to back changes proposed by the European Commission,... 

How hydrogen could solve steel’s climate test and hobble coal  

By: , Bloomberg     30th August 2019 Steel could shed its reputation as a climate threat by using hydrogen instead of fossil fuels for as much as half of global output by 2050, according to BloombergNEF. The steel industry could adopt hydrogen for between 10% and 50% of output by mid-century given the right carbon pricing,... 

Bushveld receives approval to acquire Vanchem assets

By: Simone Liedtke     29th August 2019 Aim-listed Bushveld Minerals says it has received approval from the Competition Commission of South Africa to acquire the Vanchem assets, without conditions. The transaction currently remains on track to be completed by October 31, and the company is progressing the negotiations with local banks... 

World crude steel production up 1.7% in July

By: Simone Liedtke     28th August 2019 Global crude steel production by the 64 countries reporting to the World Steel Association (worldsteel) increased by 1.7% year-on-year to 156.6-million tonnes in July. China produced 85.2-million tonnes of steel in July, a 5% year-on-year increase. 

Steel outlook darkens as Citi sees low prices until 2022

By: , Bloomberg     28th August 2019 The steel industry is suffering a bad headache as benchmark hot-rolled coil prices have fallen 38% from their peak in 2018. Over supply and low demand are marking a the new reality for steelmakers, according to analysts. Shares in the NYSE Arca Steel Index are down 19% in the past month. 

Steel tube association’s drive to open new export markets to receive boost

By: Simone Liedtke     26th August 2019 The Steel Tube Export Association of South Africa’s drive to open up more export markets for its members will receive a major boost when it participates in an outward selling mission (OSM) to Australia from September 1 to 7. The association’s CEO Keitumetse Moumakoe will be one of 25... 

Lamergyre says steel alloy plant could create sustainable jobs

By: Simone Liedtke     26th August 2019 The promoters of a proposed stainless and alloy steels plant in the Eastern Cape believe that the greenfield development could support the creation of new jobs in the domestic mining and steel industries. Should it be developed in line with the current concept, Lamergyre Alloy’s vertically and... 

Lamergyre says steel alloy plant could create sustainable jobs

Top vanadium producer sees demand rising after prices slump

By: , Bloomberg     26th August 2019 Evraz, the world’s largest vanadium producer outside China, said steelmakers are boosting their use of the metal again after it slumped as much as 75% this year. Vanadium, used to strengthen steel, peaked at more than $120/kg at the end of 2018 after No. 1 consumer China implemented new... 

Steel crucial in Africa’s industrialisation aspirations

By: Mamaili Mamaila     16th August 2019 South Africa and Africa more broadly are attempting to develop their economies through industrialisation and steel forms the basic material of choice for this economic transformation, says the Steel Tube Export Association of South Africa (Steasa) executive director Keitumetse Moumakoe. 

Steel crucial in Africa’s industrialisation aspirations
GOOD INTENTIONS Steasa intends to foster closer collaborative agreements between the downstream steel tube and pipe industry and the primary industry

More membership enquiries for Saisc in challenging environment

By: Mamaili Mamaila     16th August 2019 The Southern African Institute of Steel Construction (Saisc) has witnessed a marked increase in membership enquiries and applications this year, amid challenging market conditions impacting on its membership base 

More membership enquiries for Saisc in challenging environment
PAOLO TRINCHERO Inclusive representation is very important for the institute, the larger steel sector and the country overall

Sasfa aims to increase LSFB market share locally

By: Mamaili Mamaila     16th August 2019 The Southern African Light Steel Frame Building Association (Sasfa) aims for light steel frame building (LSFB) to be used for at least 10% of all new building projects in South Africa. 

Sasfa aims to increase LSFB market share locally
MARKET GROWTH The sub-Saharan Africa market for LSFB has grown as much as the South African market, and it continues to grow

Institute aims to lead in transitioning to 4IR

By: Mamaili Mamaila     16th August 2019 The steel construction sector has an important role to play in the Fourth Industrial Revolution (4IR), and the Southern African Institute of Steel Construction (Saisc) aims to lead the charge on behalf of the sector, says Saisc technical director Amanuel Gebremeskel. 

Institute aims to lead  in transitioning to 4IR
AMANUEL GEBREMESKEL Enhancing the competitiveness of the local steel sector is critical as competition with other regions is expected to be even fiercer in the future

Neasa calls for scrapping of steel import duties

By: Simone Liedtke     6th August 2019 The National Employers’ Association of South Africa (Neasa) has called for the scrapping of steel import duties, which it says is negatively impacting on South Africa’s downstream steel sector. Neasa CE Gerhard Papenfus says primary steel producer ArcelorMittal South Africa (AMSA) is unable to... 

AMSA moves to buy Highveld’s heavy structural mill, eyes new market-coke partnership

By: Terence Creamer     1st August 2019 Steel producer ArcelorMittal South Africa (AMSA) announced on Thursday that it intended acquiring Highveld Steel subsidiary HSM, which is Africa’s only producer of heavy structural steel. The proposed transaction, which is subject to several conditions, will involve an upfront cash payment of... 

AMSA moves to buy Highveld’s heavy structural mill, eyes new market-coke partnership

Makhado to position MC as pre-eminent South African hard coking coal producer  

By: Tasneem Bulbulia     30th July 2019 The development of the Makhado project will make MC Mining the pre-eminent South African producer of hard coking coal, the ASX-, JSE- and Aim-listed company said on Tuesday. Reporting on the company’s activities in the quarter ended June 30, CEO David Brown said the long-term viability of... 

Makhado to position MC as pre-eminent South African hard coking coal producer
Photo by Creamer Media's Dylan Slater
MC Mining CEO David Brown

Teck’s quarterly profit down, adjusts steelmaking coal guidance

By: Mariaan Webb     25th July 2019 Diversified mining company Teck Resources on Thursday reported adjusted profit of C$459-million, or C$0.81 a share, in the June quarter, compared with C$653-million, or C$1.14 a share, in the same quarter of last year. Revenue increased from C$3.02-billion in the June 2018 quarter, to... 

Teck’s quarterly profit down, adjusts steelmaking coal guidance
Teck CEO Don Lindsay

Prevost urges coal producers to focus on local demand   

By: Nadine James     24th July 2019 South African coal producers should focus on supplying local industries and State-owned power utility Eskom, given the changing and uncertain export environment, XMP Consulting senior coal analyst Xavier Prevost said on Wednesday. Speaking at the inaugural Coal Industry Day hosted by Resources 4... 

Prevost urges coal producers to focus on local demand
XMP Consulting senior coal analyst Xavier Prevost discusses the state of the South African coal sector. Video and editing: Nicholas Boyd.

Solidarity calls for intervention in AMSA looming retrenchments

By: African News Agency      11th July 2019 Trade union Solidarity on Thursday said that it regrets the retrenchment crisis at ArcelorMittal South Africa (AMSA), warning that if key players in the steel industry do not intervene urgently, these retrenchments may be the first of many to follow. Multinational steel manufacturing company AMSA... 

AMSA shares fall on job cuts warning 

By: Marleny Arnoldi     10th July 2019 Primary steel producer ArcelorMittal South Africa’s (AMSA’s) share price on the JSE fell by 10.4% on Wednesday morning after it said it could possibly cut more than 2 000 jobs. In a trading update for the six months ended June 30, it said a difficult domestic economic environment was negatively... 

Association to sponsor tubular category at steel awards

By: Mamaili Mamaila     5th July 2019 The Association of Steel Tube and Pipe Manufacturers (ASTPM) is the sponsor of the tubular category in the upcoming South African Steel Awards which will take place in October 2019. 

Association to sponsor tubular category at  steel awards
STEEL EXCELLENCE As the industry is currently under strain, the steel awards are a necessary and an enduring reminder for every participant to persist amid adversity

Iron-ore drives Australian resource export earnings to a record A$275bn

By: Esmarie Iannucci     1st July 2019 Higher iron-ore prices have helped to drive Australia’s resource export earnings to a record A$275-billion in the 2018/19 financial year, with export earnings expected to hit A$285-billion in 2019/20, data from the latest Resources and Energy Quarterly shows. Chief economist Mark Cully on Monday... 

Iron-ore drives Australian resource export earnings to a record A$275bn

Asian imports putting industry under pressure

By: Mamaili Mamaila     28th June 2019 A notable increase in welded small-bore tubes and seamless pipes from Asia is exacerbating the pressure which South Africa’s steel tube and pipe industry has been under during the past three years, says Association of Steel Tube and Pipe Manufacturers (ASTPM) executive director Keitumetse Moumakoe. 

Asian imports putting industry under pressure
MANUFACTURING IN SIGHT Intensive roll-out of infrastructure spend by government would be the ideal catalyst to create demand locally and increase manufacturing capacity

Metal fabrication support programme in next 100 days – Patel  

By: Martin Creamer     27th June 2019 Within the next 100 days, the Department of Trade, Industry and Competition intends launching a support programme for new plant and equipment in metal fabrication. “We’ll meet investors and stakeholders on the long-term development of foundries and steel mini-mills, including measures to enable... 

Metal fabrication support programme in next 100 days – Patel
Photo by Creamer Media's Dylan Slater
Trade and Industry Minister Ebrahim Patel

European steel warns of import tsunami if restrictions ease

By: , Bloomberg     27th June 2019 Europe’s steel industry faces a “tsunami of problems” if a relaxation of import restrictions goes ahead as planned next week, according to steelmakers including top producer ArcelorMittal. From July 1, steelmakers from outside the European Union will see tariff-free quotas increase by 5%, raising... 

African nations join majority in opposing US blockage at WTO 

By: Reuters     26th June 2019 African countries have joined the list of nations wanting an end to a US veto on judicial appointments at the World Trade Organization (WTO), a statement showed on Wednesday, meaning a large majority of WTO member States now openly oppose the US position. The US is blocking new appointments... 

Steel production up 5.4% y/y in May

By: Creamer Media Reporter      24th June 2019 Global crude steel production increased by 5.4% year-on-year to 162.7-million tonnes in May, the World Steel Association (worldsteel) reported on Monday. Its data shows that China's crude steel output had increased by 10% year-on-year to 89.1-million tonnes in May, while India's output had... 

Insimbi to acquire metals trading firm Treppo

By: Tasneem Bulbulia     21st June 2019 JSE-listed Insimbi Industrial Holdings will see ISB acquire Treppo, which is involved in the sourcing, trading and buying of recycled metals – mainly ferrous metals or steel – in the greater Gauteng area. Through this transaction, Insimbi will expand its ferrous business and its client base,... 

Company to supply fasteners for Woodbridge upgrade

By: Khutso Maphatsoe     21st June 2019 Stainless steel fasteners importer and distributor Fastenright is supplying stainless steel fasteners for the upgrading of the wooden bridge on Woodbridge Island in Milnerton, Cape Town. The fasteners that have been supplied on this project include extra-long hexagon bolts, nylock nuts and wood... 

Company to supply fasteners for Woodbridge upgrade
WOODRIDGE ISLAND Fastenright supplied extra-long hexagon bolts, nylock nuts and wood screws for the wooden bridge

Local steel exporters suffering amid lower US steel demand

By: Marleny Arnoldi     20th June 2019 Trade union Solidarity says South African exporters of steel and aluminium products are under severe pressure after the US recently granted Canada and Mexico exemption from steel and aluminium tariffs. The US in May lifted the 25% tariff on steel and the 10% tariff on aluminium for Canada and... 

Local steel exporters suffering amid lower US steel demand
Photo by Creamer Media's Dylan Slater
Solidarity deputy general secretary Marius Croucamp

Steel Awards attracts record number of sponsors, entries

By: Marleny Arnoldi     13th June 2019 The South African Institute of Steel Construction (Saisc) says a record number of sponsors, as well as entries, have been received for this year’s Steel Awards, which will be hosted on October 10. Fourteen steel companies have pledged their support for this year’s event, a 40% increase... 

Steel Awards attracts record number of sponsors, entries
Saisc CEO Paolo Trinchero

ArcelorMittal boss says EU must respond further to Trump's steel tariffs

By: Reuters     12th June 2019 Europe urgently needs to take further measures to offset the impact of import tariffs imposed by US President Donald Trump, the chief executive of steelmaker ArcelorMittal told a German newspaper in an interview published on Wednesday. The European Commission is currently reviewing its... 

Guinea iron-ore prospectors set sights on ArcelorMittal rail

By: Reuters     6th June 2019 The race to mine Guinea's iron-ore has started although the focus is not on its giant Simandou deposits but on smaller finds whose output could be transported via Liberia if ArcelorMittal shares its railway, banking and industry sources said. Guinea's aspirations to develop Simandou, the world's... 

Bidders scramble to break up British Steel ahead of June 12 deadline – sources

By: Reuters     5th June 2019 Steelmakers and private equity are working on proposals for only parts of the collapsed British Steel pending a June 12 deadline for binding bids, sources close to the process said. None of the potential buyers, which include GFG Alliance and former owner Greybull, would be willing to take on the... 

ANC says ten sectors to be prioritised under ‘re-imagined industrial strategy’  

By: Terence Creamer     4th June 2019 The African National Congress (ANC) has unveiled what it describes as a “re-imagined industrial strategy” as part of a broader five-year programme of action agreed at the party’s three-day lekgotla, which concluded in Gauteng on Tuesday. In a statement released following the gathering, the ANC... 

ANC says ten sectors to be prioritised under ‘re-imagined industrial strategy’

EU needs to act on steel imports in wake of US tariffs – industry

By: Reuters     4th June 2019 Steel is being diverted to Europe as a result of US 25% tariffs and the European Union needs to act, European steel industry chiefs say a letter sent to EU leaders and EU institutions. There has been a sudden downturn in the European steel industry's prospects, underpinned by long-term trends, 45... 

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