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Carbon Steel News

Mittal places another big order with Chinese contractor

By: Terence Creamer     29th March 2007 South Africa's largest steel producer Mittal Steel South Africa has again placed a signficant order with a Chinese contractor, this time for the construction of two new direct reduction (DR) kilns at its Vanderbijlpark mill - the full project will cost R600 million and will increase Mittal's... 

Mittal may face slew of civil claims in wake of excessive-pricing ruling

By: Terence Creamer     28th March 2007 Lawyers representing gold-miners Harmony and DRDGold have advised the companies to keep their legal options open with regard to the possible filing of civil claims for damages, following the precedent-setting ruling by the Competition Tribunal on Tuesday confirming that Mittal Steel South Africa... 

Of giants, tyranny and SA steel pricing . . . not to mention Shakespeare

By: Terence Creamer     27th March 2007 The somewhat uncomplimentary remarks to emerge following the use, by the Competition Tribunal, in 2006, of some ‘extravagant' language when refusing to grant permission for a proposed larger merger between oil groups Sasol and Engen - including the much-publicised description of Sasol as "a... 

Mittal could face hefty fine as competition body prepares to hold new hearing into excessive-pricing penalty

By: Terence Creamer     27th March 2007 The Competition Tribunal will convene a prehearing conference soon to make arrangements for a further hearing involving Mittal Steel South African and gold miners Harmony and DRDGold to lead evidence on the imposition of an administrative penalty. 

Mittal SA guilty of excessive pricing - Comp Tribunal

By: Matthew Hill     27th March 2007 South Africa’s competition regulator the Competition Tribunal ruled on Tuesday that local steel producer Mittal Steel South Africa had contravened the Competition Act by charging excessive prices. Shares in Mittal SA fell 4,01% on the news, to R115,00 a share by 12:06. The main complainant in the... 

World steel demand may grow 5,9% in 2007

By: Creamer Media Reporter      26th March 2007 Global demand for steel is expected to rise by 5,9% in 2007, taking the total to 1 179-million tons, the International Iron and Steel Institute (IISI) said on Monday. This is an increase of 65-million tons compared with 2006, when global steel demand rose by 8,5%.  

Feb steel production up 8,6% y-on-y

By: Liezel Hill     20th March 2007 World crude steel production for the 66 countries reporting to the International Iron and Steel Institute reached 99-million tons in February 2007, 8,6% higher than for the same month of 2006, the institute said on Tuesday. 

Scaw BEE deal incorporates some R200m in expansionary capital

By: Terence Creamer     16th March 2007 The funding structure for the recently-announced Scaw Metals black economic-empowerment (BEE) deal has incorporated headroom worth some R200-million that may be deployed in some immediate organic-growth projects within the newly-created Scaw South Africa, the lead BEE investor has revealed in an... 

Zimbabwe's steel group has all but ceased operating

By: Barnabas Thondhlana     16th March 2007 The Zimbabwe Iron and Steel company, (Zisco), has recorded zero production since the start of the year board chairperson David Murangari said Tuesday, adding that the ailing parastatal company has been relying on sales of dump and scrap metal. 

Stainless tube business budgeting a 25% rise in output

By: Jade Davenport     19th January 2007 Steel-tube-manufacturing company Robor anticipates that the output of its stainless-steel tube operation will grow by at least 25% next year. 

Robust global, local prospects for stainless steel

By: Ollie Madlala     4th December 2006 Following a somewhat traumatic 2005, global stainless steel markets are comforted by a global growth outlook of more than 14% for this calendar year. This is in spite of record increases in input costs for all raw materials, in particular nickel, which has risen from $12 000/t to$34 000/t in the... 

Assmang wins mining licence for Khumani

29th November 2006 The South African government has granted Assmang, a joint venture between African Rainbow Minerals and Assore, new-order mining rights for its Khumani iron-ore mine, formerly Bruce, King, and Mokaning mine, in the Northern Cape. 

Govt to launch iron-manufacturing company

24th November 2006 The Eastern Cape government will launch a multi-million Rand corrugated iron-manufacturing factory in Mthatha next week, for the supply of building material in the area. 

Pure iron-ore player begins trading on JSE

By: Mariaan Webb     20th November 2006 The world's fourth-largest iron-ore miner, Kumba Iron Ore (KIO), on Monday morning became the JSE's first pure iron-ore player to start trading its shares on the South African bourse, following the unbundling of diversified miner Kumba Resources. When the market opened at 9:00, KIO... 

BHP Billiton-Boasteel deny reports that iron-ore talks have started - report

16th November 2006 Steel manufacturer Baosteel and diversified-miner BHP Billiton denied a media report on Thursday that Chinese steelmakers had started the 2007 iron-ore prices negotiations with suppliers, Bloomberg reported, citing an interview with Boasteel CFO Chen Ying. 

Sundance in $20m placement to accelerate iron-ore project in Cameroon

14th November 2006 Emerging Australian iron-ore company Sundance Resources announced on Tuesday that it planned to accelerate the prefeasibility study on the development of its Mbalam iron-ore project in Cameroon, west Africa, as a high-grade hematite export project after the appointment of high-profile mining... 

Fitch affirms and withdraws Kumba's credit rating

14th November 2006 International rating agency Fitch Ratings on Tuesday affirmed Kumba Resources' national long-term 'A(zaf)' and Short-term 'F1(zaf)' ratings, resolved the rating watch evolving and assigned a stable outlook. 

Kumba unveils special unbundling dividend

3rd November 2006 Diversified miner Kumba Resources, which, later this month, will be split to form a black-controlled diversified miner and a pure iron-ore play, revealed on Friday that it would pay a special unbundling dividend of 185 c a share, following the approval of its empowerment transaction with Eyesizwe... 

Kumba fights Faleme battle on two fronts

By: Mariaan Webb     1st November 2006 Diversified-miner Kumba Resources told Business Day that Canadian mining company Lithos Corporation, which was suing the South African group for a breach of contract over an iron-ore project in Senegal, based its $196-million claim on what it believed it could have earned from the Faleme project. 

Kumba rejects $196m Senegal legal claim

31st October 2006 South African iron-ore producer Kumba said that Lithos Corporation had served the company a legal summons, claiming $196-million for breach of contract in Senegal, West Africa. 

Spoornet gears up to meet 47Mt iron-ore target

By: Mariaan Webb     23rd October 2006 Railway utility Spoornet has entered into a R1,12-billion three-year locomotive-acquisition deal with Venus Railway Solutions for the supply of 32 new class 15E electric locomotives for the Sishen-Saldanha iron-ore line, CEO Siyabonga Gama announced on Monday. Venus is a special-purpose vehicle... 

Spoornet cuts iron-ore rail tempo to reduce Saldanha ship loader strain

By: Mariaan Webb     23rd October 2006 State-owned rail utility Spoornet has cut down the rail tempo of iron-ore from Sishen to Saldanha, in the Northern Cape, to 600 000 tons a week and CEO Siyabonga Gama said that it would only move back to 700 000 tons a week early next year. 

Sphere advances African iron-ore project

17th October 2006 ASX-listed Sphere Investments says its latest drilling campaign at the Guelb el Aouj east deposit, in Mauritania, has upgraded the mineral resource for to 701-million tonnes, from 450-million tons announced a year ago. 

Kumba disappointed by two-tier royalty on iron-ore

By: Mariaan Webb     13th October 2006 Africa's largest iron-ore producer Kumba Resources says it is “naturally disappointed” with the revised draft of the Mineral and Petroleum Resources Royalty Bill, arguing that an increase on royalties on unrefined iron from 2% to 4% would “significantly” affect the... 

Mining industry pleased with cuts on royalty rates, but still has concerns

By: Mariaan Webb     12th October 2006 The revised draft of the Royalty Bill, released by Finance Minister Trevor Manuel on Wednesday, was welcomed by South Africa's mining industry, but the Chamber of Mines chief economist Roger Baxter said that the were still some areas of concern. In an interview on Thursday, he said that... 

Tata promises yet more projects as R670m ferrochrome investment gets going

By: Helene Le Roux     1st September 2006 Indian diversified industrial giant Tata is keen to expand its operations in South Africa. 

R1,1bn Coega stainless offset gets enviro green light

10th August 2006 A proposed R1,1-billion stainless-steel precision strip mill for the Coega Industrial Development Zone has received environmental authorisation from the Eastern Cape's Department of Economic Affairs, Environment and Tourism, the Coega Development Corporation (CDC) reports in a statement. 

Bright future for local stainless steel

By: Matthew Hill     2nd June 2006 Attractive opportunities if problems are overcomee. The South African stainless steel industry is alive and well, boasting a promising future, South African Stainless Steel Development Association (Sassda) MD Dr Oliver Damm tells Engineering News in an exclusive interview. However, he reports... 

Automotive sector to grow stainless steel consumption

By: Matthew Hill     2nd June 2006 The Department of Trade and Industry (DTI) is currently reviewing its Motor Industry Development Program (MIDP), and plans to have the review process completed by the end of the year. 

Stainless steel vendor unveils empowerment deal

By: Matthew Hill     2nd June 2006 One of South Africa’s biggest stockists and distributors of stainless steel and metal products, Euro Steel, has sold a 25,1% stake of its business to the black economic-empowerment (BEE) group, Isitali consortium, for an undisclosed amount. 

Flexible-couplings industry needs foreign investment

By: Matthew Hill     2nd June 2006 The automotive industry is reportedly the biggest consumer of stainless steel in South Africa, mostly using the wear-resistant steel for catalytic converters. 

‘Empowerment is of utmost importance’

By: Matthew Hill     2nd June 2006 Broad-based black economic empowerment (BBBEE) is of utmost importance in addressing transformational challenges in the stainless steel industry, says Kulungile Metals group marketing executive director Shima Nokaneng in an exclusive interview with Engin-eering News. 

Call for entries for stainless steel awards

2nd June 2006 Both individuals and companies are urged to enter the 2006 Stainless Steel Awards, the industry association emphasises. 

Stainless steel advocated for infrastructure investments

2nd June 2006 With South Africa gearing up for the FIFA Soccer World Cup in 2010, and the government committed to major infrastructural capex, the Southern African Stainless Steel Development Association (Sassda) is advising specifiers and consultants on the benefits of using stainless steel in many visible... 

30% growth for consumerware sector

2nd June 2006 The stainless-steel consumerware sector has recorded a phenomenal growth of 30% for the 2005-2006 period, far exceeding the projected growth rate of 10%, says Southern African Stainless Steel Development Association’s (Sassda) Lesley Mortimer. “With the international trend towards... 

Local stainless industry forges East African ties

2nd June 2006 The Southern African Stainless Steel Development Association (Sassda) recently hosted an inward-bound mission from East Africa “to facilitate business deals with East African companies,” says spokesperson Lesley Mortimer. 

Adding value through experience

2nd June 2006 Reportedly one of South Africa’s leading suppliers of stainless steel and special alloys Multi-Alloys, established in 1997, has a strong focus adding value for customers. “As a supplier of niche products to a diverse range of industries, adding value can be best achieved through our... 

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