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Carbon Steel News

Union concerned about steel group’s enviro record

15th June 2004 South African trade union Solidarity yesterday expressed concern that LNM Holdings, the Anglo-Dutch steel group that has been given the green light to take control of Iscor, will – as it did in Ireland – exacerbate environmental pollution at Iscor’s Vanderbijlpark plant. 

Unions slam approval of Iscor-LNM merger

By: Martin Czernowalow     11th June 2004 The National Union of Metalworkers of South Africa (Numsa) accused South Africa’s top competition authority of erring in its approval of a merger between the country’s biggest steel producer and the world’s second-largest steel group this week. 

Union seeks one-year moratorium on Iscor job cuts

By: Martin Czernowalow     9th June 2004 The Solidarity trade union yesterday asked for a one-year moratorium on staff retrenchments at South African steel giant Iscor, following a virtually unopposed hearing into the steel producer’s proposed merger with Anglo-Dutch group LNM Holdings. 

Stainless production up 6,3%, affected by strikes

8th June 2004 Stainless crude steel production rose by 6,3% in the first quarter of 2004 compared to the same quarter in 2003, the International Stainless Steel Forum (ISSF) reports. 

Chain series is corrosion resistant

By: elizabeth rebelo     4th June 2004 The power transmission division of Bearing Man distributes the full range of Tsubaki high-performance chain, that includes the new corrosion resistant DP roller chain series. 

New corrosion-resistant material’s products by Q1 2004

By: elizabeth rebelo     4th June 2004 When it comes to available materials engineered to combat wear, most provide?either for good abrasion resistance or for good corrosion resistance, but few for?both abrasion and corrosion resistanc 

Steel price deal to unlock downstream opportunities

By: Jill Stanford     4th June 2004 The new steel price agreement, brokered between the Department of Trade and Industry (DTI) and Anglo-Dutch steel group LNM, will unlock opportunities for downstream, and especially labour-intensive, activities in the metals sector, said Minister of Trade and Industry Mandisi Mpahlwa at an... 

Unions could withdraw opposition to Iscor-LNM merger

By: Martin Czernowalow     3rd June 2004 Trade unions Solidarity and the National Union of Metalworkers of South Africa (Numsa) will meet with South African steel giant Iscor today and tomorrow to hold discussions with the company about its proposed merger with Anglo-Dutch steel group LNM Holdings. 

Iscor not discounting further price rises

By: Terence Creamer     28th May 2004 Steel giant Iscor does not discount the possibility of price rises across the basket of products produced by the company, particularly in the long-products milieu. 

R500m cashpile positions steel group for more corporate action

By: Terence Creamer     28th May 2004 South African steel group Iscor has not changed its stance on its industry consolidation and could, if it so chooses, potentially purchase re-roller Duferco for cash. 

Saldanha Steel mill idled for three weeks

27th May 2004 Steel producer Iscor has confirmed that an incident at its Saldanha Steel mill, on South Africa's west coast, will result in the plant being idled for three and a half weeks. 

Niche markets are key, advises foundry

14th May 2004 As rand strength and low-cost imports continue to dominate the local valve industry, the only solution for manufacturers is to specialise in order to survive. 

Stainless-steel fabricator continues along growth path

By: Helene Le Roux     14th May 2004 A growing order book, boosted by firm demand from the local platinum-mining industry, has prompted Styria Stainless Steel Fabrication, in Edenvale, on the East Rand, to extend its manufacturing facility. 

Iscor dismisses gold-miners’ complaints as ‘flawed’

By: Martin Czernowalow     10th May 2004 South African steel giant Iscor said on Friday that it has reviewed the complaints against it by gold-producers Harmony Gold and Durban Roodepoort Deep, and dismissed them as ‘flawed’. 

SA-Zim steel deal speculation rises

By: Martin Zhuwakinyu     7th May 2004 Steel-making giant Iscor is main-taining its silence on the talks it is conducting with the troubled Zimbabwe Iron and Steel Company (Zisco) regarding what is believed to be the possible acquisition of an equity stake. 

Gold-miners to continue steel fight despite DTI-LNM deal

By: Martin Czernowalow     7th May 2004 Gold producers Harmony Gold Mining Company and Durban Roodepoort Deep (DRD) will continue to pursue their Competition Tribunal case against South African steel giant Iscor, despite the fact that the Department of Trade and Industry (DTI) has struck a pricing deal with the steel producer’s... 

Stainless-steel body seeks opportunites in Middle East

23rd April 2004 The South African Stainless-Steel Development Association’s (Sassda) Stainless-Steel Cooperative Development Initiative (SSCDI) is spearheading a drive to open up Middle East markets to local manufacturers. 

SA to host stainless-steel conference in June

23rd April 2004 South Africa’s mineral and metallurgical technology specialist Mintek, in association with the Southern Africa Stainless-Steel Development Association, and Heinz H Pariser Market Research, are organising a conference and exhibition on chromium-manganese stainless-steels, to be held in... 

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. 

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