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Carbon Steel News

Iscor obtains court order against Numsa

6th June 2003 South African steel giant Iscor yesterday said it obtained a court interdict preventing members of the National Union of Metalworkers of South Africa (Numsa), participating in the Iscor strike, from engaging in unlawful protest activities. 

Numsa, Iscor set to meet

3rd June 2003 The National Union of Metal Workers of South Africa (Numsa) and steel giant Iscor will resume talks tomorrow evening in Johannesburg as the strike enters its seventh day. 

Stainless body backs capital-goods sector

30th May 2003 The Southern Africa Stainless Steel Development Association (Sassda) has embarked on a programme to develop the South African stainless-steel capital equipment supply sector into a globally competitive leader, through its fabricating subsector the South African Stainless Steel Fabricating... 

Acerinox to invest €300m in 2003

29th May 2003 Spanish stainless steel maker Acerinox said yesterday it planned to invest €300-million ($354-million) this year to increase production, mostly in the US. 

Stainless consumption continues to grow

29th May 2003 South African stainless steel consumption continued its double-digit growth with an 11% improvement in apparent consumption to 154 000 t during 2002. 

Numsa embarks on indefinite strike at Iscor

By: Martin Czernowalow     27th May 2003 The National Union of Metalworkers of South Africa (Numsa) said yesterday that close to 18 000 workers would, from today, embark on indefinite industrial strike action at steel giant Iscor. 

Stainless body backs capital-goods sector

20th May 2003 The Southern Africa Stainless Steel Development Association (Sassda) has embarked on a programme to develop the South African stainless steel capital equipment supply sector into a globally competitive leader, through its fabricating sub-sector the South African Stainless Steel Fabricating... 

Columbus awards line upgrade contract

19th May 2003 Stainless steel producer Columbus Stainless – part of the Acerinox group – has awarded a contract to upgrade its Anneal and Pickling Line No 2, in Middleburg, South Africa, to VAI UK, the UK-based subsidiary of Voest-Alpine Industrieanlagenbau. 

Numsa considers Iscor labour proposal

16th May 2003 The National Union of Metalworkers of South Africa (Numsa) met with management at steel-producer Iscor yesterday to discuss a new set of company proposals designed to avert strike action. 

Steel producer and union to continue negotiations

By: Martin Czernowalow     6th May 2003 South African steel producer Iscor said the National Union of Metal Workers of South Africa (Numsa) has agreed to a new date for negotiations, despite an earlier announcement by the union that it would consider going on a strike if outstanding issues were not resolved by yesterday. 

Union threatens strike at Iscor

30th April 2003 The National Union of Metalworkers of South Africa (NUMSA) said yesterday it planned a strike against Iscor, if the steel company failed to address all "unresolved issues" by May 5. 

Higher steel prices buoy Iscor, outlook blurred

25th April 2003 South Africa's largest steel producer, Iscor, yesterday said its third-quarter operating profit more than tripled thanks to higher steel prices. 

Columbus improves, but hit by stronger rand - Acerinox

24th April 2003 Spanish stainless steel maker Acerinox said on Wednesday its first-quarter net profit fell 13.8 percent year-on-year to €38,64-million ($42,32 million) but rose 64,1 percent from the fourth quarter of 2002. 

Company developing expanded metal product business abroad

By: candice haase     18th April 2003 A company well-versed in the manufacture and application of expanded metal products has the ability not only to pioneer the development of applications for its product, but also to make recommendations where expanded metal can be applied. 

Price of auto steel rises by 14,3% in 2003

By: Terence Creamer     11th April 2003 Progress has been made in the long-running dispute between steel producer Iscor and the South African automotive industry over the issue of price increases for 2003. However, a model for future price adjustments has yet to be agreed. 

Austrian firm punts iron technology for SA

By: Terence Creamer     14th March 2003 Austrian industrial services and technology company Voest-Alpine Industries is convinced that there is significant potential in South Africa for the conversion of iron-ore fines into much-sought-after hot briquetted iron (HBI), and is optimistic that the Finmet technology of VAI might find... 

Austrian group punts iron technology in SA

By: Terence Creamer     14th March 2003 Austrian industrial services and technology company Voest-Alpine Industries is convinced that there is significant potential in South Africa for the conversion of iron-ore fines into much-sought-after hot briquetted iron (HBI), and is optimistic that the Finmet technology of VAI might find... 

Consolidation still the preferred restructuring plan

7th March 2003 In an industry where overcapacity and market indiscipline dominates, the most obvious advice is for rationalisation and consolidation. 

Auto industry a potential growth area for steel

7th March 2003 South Africa has a low-cost primary steel base, but sectors further beneficiating basic iron and steel have not performed to their full potential, a new report commissioned by Creamer Media’s Research Unit confirms. 

Steel price battle to rage in 2003

7th March 2003 Undoubtedly, the hottest topic of conversation in steel circles last year was pricing – and the debate will surely not die in 2003. 

Iscor expects auto-pricing resolution this month

By: Terence Creamer     14th February 2003 South African steel producer, Iscor, is optimistic that it will have concluded price discussions with the automotive industry by mid- to late-February when a final pricing package for 2003 will be put in place. 

Iscor investors approve LNM waiver request

13th February 2003 Minority shareholders in South African steel producer Iscor agreed yesterday to waive a requirement that steel heavyweight LNM Holdings offer to buy out all minorities once its stake exceeds 35%. 

SA steel consumption growth boosts Hiveld

12th February 2003 South Africa’s second-largest steel producer, Highveld Steel and Vanadium, reported a significantly higher operating profit for the year ended December 2002, on the back of a strong local steel market, improved export steel and ferroalloy selling prices, and a weaker rand. 

Iscor says strike threat is premature

7th February 2003 South African steel producer Iscor said yesterday threats by union members of a strike were premature and the company would try to resolve grievances as soon as possible. 

Iscor expects auto-pricing resolution this month

By: Terence Creamer     5th February 2003 South African steel producer, Iscor, is optimistic that it will have concluded price discussions with the automotive industry by mid- to late-February when a final pricing package for 2003 will be put in place. 

Iscor minorities clash over new LNM partial offer

30th January 2003 Minority investors in South African steel producer Iscor locked horns yesterday over a revised partial offer by steel giant LNM Holdings, sparking a slide in the share price. 

Iscor minorities clash over new LNM partial offer

29th January 2003 Minority investors in South African steel producer Iscor locked horns yesterday over a revised partial offer by steel giant LNM Holdings, sparking a slide in the share price. 

LNM sweetens partial offer to Iscor minorities

29th January 2003 Steel giant LNM Holdings sweetened its partial offer to minority investors of South Africa's Iscor yesterday, in a move blessed by the largest minority holder, Old Mutual. 

Iscor meets auto firms on steel price hikes

By: Terence Creamer     28th January 2003 Steel producer Iscor met individually with several automotive manufacturers during the course of last week, and will continue to do so this week, in a bid to solve differences over planned price increases for 2003. 

Iscor mulls expansions at Vanderbijl, Saldanha

By: Terence Creamer     24th January 2003 Following several years of rationalisation, steelmaker Iscor is considering two brownfields expansion opportunities. 

Iscor mulls expansions at Vanderbijl, Saldanha

By: Terence Creamer     24th January 2003 Following several years of rationalisation, steelmaker Iscor is considering two brownfields expansion opportunities. 

Iscor shareholders give LNM more time to consult

23rd January 2003 Facing opposition to its partial offer for South Africa's Iscor, LNM Holdings won investor approval yesterday to adjourn a shareholders' meeting, allowing time for more talks with minorities. 

Crunch-time for LNM offer

20th January 2003 Steel giant LNM tried to allay fears on Friday that its partial offer for Iscor was an attempt to wrest control without full payment, saying it would offer to buy the whole group should its stake exceed 60%. 

Stainless-steel cladding now slowly gaining market share

By: candice haase     17th January 2003 Stainless-steel cladding in a high traffic area inside a retail building 

SA stainless steel prices rise 6,4% following review

By: Martin Czernowalow     17th January 2003 South Africans can expect to pay about 6,4% more for stainless steel as of this month, Engineering News Online can report. 

LNM revises Iscor offer

17th January 2003 Dutch-based LNM Holdings said on today it was committed to making an offer to acquire the shares of Iscor minority shareholders should its shareholding in the steel group reach 60%. 

Iscor to focus on steel-sector consolidation

By: Terence Creamer     15th January 2003 Domestic steel producer Iscor will actively pursue consolidation opportunities in the South African steel industry over the next three years, CE Louis van Niekerk revealed at a presentation yesterday. 

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