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Carbon Steel News

Iscor earnings rise as Saldanha recovers

14th January 2003 South Africa's largest steel maker, Iscor, said today its interim headline earnings per share rose sharply and said it expected dollar earnings to remain at the same level in the second half. 

Iscor earnings seen up on prices, demand

10th January 2003 South African steel group Iscor is seen posting a sharp increase in first-half earnings next week, buoyed by higher steel prices and demand and a big contribution from its Saldanha mill, analysts said yesterday. 

Saldanha Steel set to produce 1,3mt/y

6th January 2003 Saldanha Steel, Iscor’s state-of-the-art steel mill on South Africa’s west coast, reached a new monthly production record of 106132 tons for December - Iscor is also confident that the plant is set to breach its nameplate capacity of 1,2-million tons a year. 

No announcement yet on steel plants

By: marisa rodrigues     13th December 2002 German industrial services firm Ferrostaal’s plans for the Coega Industrial Development Zone continue to be fuelled by speculation. 

South African giant responds to criticism over steel prices

By: Terence Creamer     13th December 2002 South Africa’s leading steel producer, Iscor, has been experiencing an extremely powerful recovery over the last year. However, some critics argue that this has been at the expense of its South African customers. Iscor responds. 

LNM says auto sector is to benefit from its bigger Iscor stake

13th December 2002 The world’s second-largest steel producer LNM – which yesterday made a $175-million offer for 12,19% of Iscor’s share capital – says the deal will ensure a greater level of access by Iscor to its latest-generation steel making technology, which will be of particular... 

SA probes alleged steel dumping by Australia

By: Martin Zhuwakinyu     13th December 2002 The Board on Tariffs and Trade (BTT) has, at the prodding of steel company Iscor, launched an investigation into Australian companies accused of dumping various steel products in the Southern African Customs Union (Sacu). 

Stainless-steel price hike to influence components sector – Naacam

By: candice haase     6th December 2002 The price of South African stainless steel is set to increase. 

R3m for low-nickel stainless study

By: Martin Zhuwakinyu     6th December 2002 Mineral and metallurgical technology organisation Mintek has embarked on a R3-million project aimed at developing a special 200-series type stainless steel with a low nickel content, which could eventually replace carbon steel in selected structural applications. 

Car manufacturer aims to double production, increase local content

By: candice haase     6th December 2002 Engineering News offers its condolences to the Wessels family on the untimely passing of Bert Wessels, whom this news magazine had come to love and respect. 

LNM claims $175m Iscor offer will benefit auto industry

By: Terence Creamer     4th December 2002 The world’s second-largest steel producer LNM – which yesterday made a $175-million offer for 12,19% of Iscor’s share capital – says the deal will ensure a greater level of access by Iscor to its latest-generation steel making technology, which will be of particular... 

Component maker warns on SA raw material prices

By: Helene Le Roux     2nd December 2002 After a presence of more than half a century the South African-bred automotive component manufacturer with global standing, Bosal, is reaffirming its commitment to the country by investing in its local operations – with one big caution: keep your raw material prices right. 

Local irrigation systems exported to Iraq

By: Helene Le Roux     29th November 2002 In a project funded by the United Nations (UN), a South African company’s locally-manufactured quick-coupling agricultural irrigation systems are being used to make Iraq’s arid farmlands bloom. 

Exhaust component manufacturer to triple output by the end of next year

By: Helene Le Roux     29th November 2002 The local division of the global Bosal Group, a major manufacturer of exhaust systems in the world, will be trebling its manufacture of South African stainless steel exhaust components by the end of next year. 

Increased exports possible

By: Helene Le Roux     29th November 2002 Kenny van Rooyen, commercial manager for the Bosal Group’s South African division, Bosal Afrika, says the good quality and current competitive price of South African stainless steel manufacturing presents a window of opportunity for increased exports. 

Component maker warns on SA raw material prices

By: Helene Le Roux     29th November 2002 After a presence of more than half a century the South African-bred automotive component manufacturer with global standing, Bosal, is reaffirming its commitment to the country by investing in its local operations – with one big caution: keep your raw material prices right. 

SA begins dumping probe into Aussie steel

By: Riaan de Lange     29th November 2002 Antidumping Investigation – November 15 Notice of the initiation of an investigation into the alleged dumping of flat-rolled products of iron or non-alloy steel, painted, varnished or coated with plastic originating in or imported from Australia. 

Stainless steel body to promote BEE

25th November 2002 The Southern Africa Stainless Steel Development Association (Sassda) has embarked on a programme aimed at the development of small and medium enterprises, as well as the promotion of black economic empowerment (BEE) in the stainless steel industry. 

R847m stainless steel expansion for SA

22nd November 2002 South African stainless steel firm, Columbus Stainless – 64%-owned by Acerinox SA and with Samancor, Highveld Steel and Vanadium Corporation and the Industrial Development Corporation (IDC) each holding 12% – announced a R847-million investment package yesterday. 

R26m pig-iron granulation plant commissioned

By: Zonika Botha     22nd November 2002 Smelting technology and equipment specialist, Pyromet Technologies, has successfully commissioned South Africa’s first pig-iron granulation plant at Saldanha Steel’s west-coast flat-sheet products factory. 

Talks on tooling fund continue

By: Martin Czernowalow     12th November 2002 Discussions regarding the period of Iscor’s contribution to, as well as the administration and management of the Automotive Tooling Fund are still in progress, the South African steel giant tells Engineering News Online. 

Product's first local installation completed

8th November 2002 Newly available stainless steel floating discs known as Evapostop Discs already used at several sites worldwide, were installed for the first time in South Africa early last month. 

Competition body’s steel probe heats up

By: Terence Creamer     8th November 2002 Competition Commission officials this week visited Durban Roodepoort Deep’s (DRD) Blyvoor mine, as the probe into allegations made by gold miners Harmony and DRD of excessive pricing by steel giant Iscor intensifies. 

Saldanha set to breach 1,25m t/y capacity

8th November 2002 Steel producer Iscor has confirmed that capital expenditure at its state-of-the-art Saldanha Steel mill was forecast at R155-million for the 2002/03 financial year. 

Stainless industry in white-goods drive

By: marisa rodrigues     28th October 2002 The local stainless-steel industry continues to be one of the fastest-growing markets in the world and it is expected that local consumption will grow from 120 000 t last year to 300 000 t by 2006 and a million tons by 2010. 

Jigging system cost-effective, promises firm

25th October 2002 A cost-effective option for coal, ferrochrome, manganese and iron ore recovery operations overseas and in southern Africa is Humboldt Wedag’s Batac pneumatic jigging system. 

Hydraulics pioneers apply expertise to icy pilgrimage

By: candice haase     25th October 2002 The originator of cast-iron hydraulic starters, Powerworks, has installed its system in two diverse, but equally exciting applications earlier this year. 

November hearing date for iron-ore case

By: Martin Czernowalow     25th October 2002 A date for a Competitions Tribunal hearing, regarding the purchase by Anglo American of large stakes in Anglovaal Mining and Kumba Resources, has been set for November 5 and 6, Tribunal CEO Shan Ramburuth says. 

Firm starts manufacture of hospital equipment

By: candice haase     25th October 2002 A South African hydraulics company is making use of home-grown technology to develop hospital equipment and furniture. 

Tubing specialist celebrates 24th birthday

By: candice haase     25th October 2002 In the late 1970s when the need for South African designed and produced hydraulic equipment arose, Hydrofit Engineering was established. 

Steel giant offers R125/t for auto tooling fund

By: Terence Creamer     25th October 2002 South Africa’s leading steel company, Iscor, has offered to contribute R20-million a year towards the development of the secondary steel industry in South Africa as part of an innovative pricing proposal to the automotive industry. 

Auto industry's stainless steel use growing rapidly

By: marisa rodrigues     23rd October 2002 Last year, Columbus Stainless supplied 33 000 t of stainless steel to the automotive industry, making this sector the stainless-steel industry's largest consumer. 

Three join gold miner in steel-price fight

By: Joanne Delaurentis     22nd October 2002 Three other companies have joined Harmony Gold Mining, supported by Durban Roodepoort Deep, in a case against Iscor launched with the Competition Commission. 

Stainless awards highlight industry's innovation, competitiveness and determination

18th October 2002 Once again the Southern African Stainless Steel Development Association’s (Sassda’s) Stainless Steel Awards has highlighted the competitive nature, innovation and determination of the South African stainless steel industry. 

February commissioning for water-jet cutter

By: marisa rodrigues     18th October 2002 What will reportedly be the most sophisticated and powerful water jet cutting machine in the country, is due to be commissioned by local company General Profiling in February next year. 

Dial 911 for steel supplies

18th October 2002 Stainless steel, aluminium and steel supplier Kulungile, through its two subsidiary companies Stalcor and Baldwins, has made a new commitment to the steel, stainless and aluminium industry by launching a new share-call number – 0860 086 911. 

Tube-manufacturing facility commissioned

18th October 2002 A state of the art tube manufacturing plant was commissioned in the middle of this year by fisher E C, one of the three companies that make up fischer SA. 

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