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Carbon Steel News

Higher steel prices boost Iscor’s earnings

By: Martin Czernowalow     23rd April 2004 South African steel giant Iscor yesterday reported slightly higher earnings for the quarter ended March 31, with an improvement in global steel prices offsetting the effect of the strong rand. 

Erwin to call for ‘developmental’ steel price formula

By: Martin Czernowalow     16th April 2004 South African Minister of Trade and Industry Alec Erwin has indicated that he will support the proposed merger between steel giant Iscor and multinational group LNM, provided that a suitable developmental pricing model for domestic purchasing of steel is established, Engineering News Online can... 

Our pricing is extremely responsible – Iscor

By: Terence Creamer     26th March 2004 South Africa’s leading steel producer Iscor has responded to ongoing criticism of its pricing policies by arguing that it is and has been “extremely responsible” in the way it is, and has been, setting domestic prices. 

Steel No 2 pursues flexible pricing strategy

By: Terence Creamer     22nd March 2004 South Africa’s second-largest steel producer, Highveld Steel & Vanadium, is implementing a new domestic pricing policy in a bid to decrease uncertainty and buffer its direct and indirect customers from dislocating price shocks. 

Franke Kitchen Systems

19th March 2004 Franke Kitchen Systems is involved in the manufacture, marketing and sales of kitchen systems, hospital and domestic sanitary products, mainly from stainless steel. 

Steel No 2 pursues flexible pricing strategy

By: Terence Creamer     19th March 2004 South Africa’s second-largest steel producer, Highveld Steel & Vanadium, is implementing a new domestic pricing policy in a bid to decrease uncertainty and buffer its direct and indirect customers from dislocating price shocks. 

Stainless body studies ways to deal with cheap-import threat

12th March 2004 A two-pronged research programme is currently being undertaken, both locally and internationally, by the Southern Africa Stainless-Steel Development Association (Sassda) to identify which benefits are offered by overseas governments to their manufacturers and to audit local manufacturing... 

Steel-cycle upturn comes at a bad time for SA industry

By: Terence Creamer     12th March 2004 Last week’s announcement by steel producer Iscor that it would be raising prices by an average of six per cent as from April, will, no doubt, raise the blood pressure levels in boardrooms and on factory floors across the country. 

Iscor announces flat product price hikes

9th March 2004 South African steel giant Iscor yesterday announced list price increases, ranging between 7% and 15%, for its flat steel products that will be introduced selectively during the May and June timeframe. 

Stainless-steel gas cylinders soon

5th March 2004 Heavy gas cylinders for domestic and recreational use manufactured from carbon steels may soon be no more, announced the South African Stainless-Steel Development Association (Sassda) late last month. 

Manic markets: End in sight to domestic sales slump as global demand and prices surge

By: Terence Creamer     5th March 2004 Domestic demand, or the lack of it, was the key feature and challenge confronting South Africa’s primary steel industry in 2003. 

Iscor’s market coke project receives tax incentive

By: Martin Czernowalow     5th March 2004 South African steel giant Iscor’s proposed project to replace one of its decommissioned coke batteries, in Newcastle, has received a boost through government’s strategic industrial project (SIP) incentive. 

‘LNM takeover key to technology progress’

By: Terence Creamer     27th February 2004 South African steel producer Iscor is optimistic that its main shareholder LNM will receive approval from the competition authorities to advance its position in the company to beyond the 50% level, but says its will review its entire consolidation strategy if the takeover bid fails. 

Market-coke project decision expected by June

By: Terence Creamer     27th February 2004 Steel producer Iscor is likely to approve a significant market-coke project by June.?The initiative could add between 200 000 t/y and 500 000 t/y to the production of its coke and chemicals business, formerly known as Suprachem. 

Gas cylinders to be made from stainless-steel soon

23rd February 2004 Heavy gas cylinders for domestic and recreational use manufactured from carbon steels may soon be no more, said the South African Stainless-Steel Development Association (Sassda) on Friday. 

Highveld’s 2003 earnings hit by rand, interest rates

11th February 2004 South African steel producer Highveld Steel said the 2003 financial year was characterised by a strong rand, which resulted in substantially lower revenue for all group exports. 

Vanadium demand seen strong in 2004

11th February 2004 The demand for vanadium this year is likely to be strong, as a result of sustained world production and consumption of steel, South African steel producer Highveld Steel said yesterday, after posting depressed earnings for 2003. 

Unions prepare case against LNM takeover

By: Martin Czernowalow     10th February 2004 Trade union Solidarity is squaring up to take on South African steel giant Iscor and multinational group LNM Holdings at the Competition Tribunal next month, over the companies’ proposed merger. 

Numsa opposes LNM’s takeover of Iscor

4th February 2004 The National Union of Metalworkers of South Africa (Numsa) said yesterday it is opposed to the planned takeover of steel giant lscor by the LNM group. 

DRD to continue steel-price fight

2nd February 2004 South African gold miner Durban Roodepoort Deep (DRD) said on Friday that it would continue, together with Harmony Gold Mining, its action against iron and steel giant Iscor to secure ‘fair’ steel prices. 

Steel giant sees domestic recovery in 2004

By: Martin Zhuwakinyu     30th January 2004 South Africa’s largest iron and steel maker, Iscor, has predicted that local demand for carbon steel will improve this year, as the rand, mainly blamed for an 18,9% slump in sales in 2003, is set to lose some of its strength. 

Unions steel for a fight

By: Martin Zhuwakinyu     23rd January 2004 The Solidarity trade union has served notice that it will resist Iscor’s plans to lay off an undisclosed number of workers in a bid to slash costs. 

BHP Billiton settles 2004 lump iron-ore price

19th January 2004 International mining giant BHP Billiton has announced it had reached agreement with Nippon Steel on the price of its lump iron-ores, for the year beginning April 1. 

Iscor invites sector discussions on steel prices

19th January 2004 South African steel giant Iscor on Friday issued an invitation to steel consuming sectors to approach the company for detailed discussions on how some of their steel costs could be mitigated in order to remain competitive. 

Conveyor body also set to continue steel-price fight

By: Martin Czernowalow     12th January 2004 While gold-miners Harmony and Durban Roodepoort Deep (DRD) are preparing continue the steel-price fight, it seems likely that another complainant in the case will join the fray. 

Steel price probe decision expected soon

By: Terence Creamer     6th January 2004 The Competition Commission could decide as early as this week whether to refer complaints of alleged abuse of dominance and excessive pricing made against steel producer Iscor to the Competition Tribunal – and should any material issues arise it could affect the proposed acquisition of a... 

LNM raises Iscor shareholding to 49,9%

24th December 2003 South Africa's premier steel producer, Iscor, has confirmed that LNM Holdings – a member of the LNM Group, the world's second-largest steel producer – has increased its Iscor shareholding to 49,9%, from 47,23%. 

SA’s steel pricing policies need attention – study

By: Terence Creamer     5th December 2003 A study into employment trends in the South African metals and engineering sector has highlighted import parity pricing (IPP) as a key factor impeding job creation and has called for urgent intervention to reduce its impact. 

Durban investment to boost kitchen systems quality and production

By: nkolola halwindi     21st November 2003 Stainless-steel kitchen systems manufacturer Franke Kitchen System has launched a range of scratch-resistant deep bowled kitchen systems. 

Vanderbijl steel mill embarks on stove modernisation

By: Martin Zhuwakinyu     21st November 2003 The blast furnace-technology division of the international Voest-Alpine Industrieanlagenbau (VAI) group’s UK subsidiary has secured a contract for the design, supply and installation of a new hot-blast stove at one of the blast furnaces at Iscor’s Vanderbijlpark steel works. 

Numsa declares war on SA giants

By: Martin Czernowalow     18th November 2003 The National Union of Metalworkers of South Africa (Numsa) yesterday convened an Iscor shop stewards council to decide on a plan of action against retrenchments announced by the steel giant, which was accused of trying to undermine the current government. 

SA steel prices set for a grilling

By: Terence Creamer     31st October 2003 South Africa’s steel pricing policies as well as the nature of the relationship between the country’s leading primary producer and the merchant sector have emerged as central to a complaint that has been lodged with the competition authorities by gas cylinder and barbeque manufacturer... 

Numsa plans to resist Iscor job cuts

29th October 2003 The National Union of Metalworkers of South Africa (Numsa) said it would resist steel giant Iscor’s plans to axe 2 000 workers by December 1, as result of the strong rand. 

Zero for six

By: Helene Le Roux     17th October 2003 A constellation of local and global economic conditions is putting an unexpected damper on apparent domestic consumption in the country’s stainless-steel manufacturing industry. 

Platinum boom spills over to equipment manufacturer

By: Helene Le Roux     17th October 2003 The platinum industry is providing new growth opportunities to East Rand stainless-steel equipment manufacturer, Styria Stainless Steel Fabrication. 

Company highlights the role of imported stainless-steel products

By: Helene Le Roux     17th October 2003 Imported stainless-steel products play an important part in the local stainless-steel manufacturing industry. 

Stainless-steel growth stimulates supplier industry’s development

By: Helene Le Roux     17th October 2003 The growth of the local stainless-steel manufacturing industry in recent years has stimulated development in the different sectors that supply it with products and services. 

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