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Carbon Steel News

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. 

Competitive advantage is lost as prices rise, says group

By: Helene Le Roux     17th October 2003 Local manufacturer of stainless-steel automotive components for the domestic and export market, Bosal Afrika, reports that the recent increase in the local stainless-steel price has eroded much of the competitive advantage the company had in manufacturing these components locally for the export... 

SA still the leader in tank containers, but China poses a threat

By: Helene Le Roux     17th October 2003 The second-biggest local consumer of stainless steel, the tank-container industry, reports that it is maintaining its position as the world leader in the manufacture of tank containers. 

Incubator to take in ten new entrepreneurs in January

By: Helene Le Roux     17th October 2003 If all goes according to plan, another group of entrepreneurs will graduate from the Mpumalanga Stainless Initiative’s (MSI’s) stainless-steel manufacturing incubator in April next year. 

Empowerment ownership remains stagnant, says development forum

By: Helene Le Roux     17th October 2003 Black economic empowerment through business ownership is near stagnant in the local stainless-steel production, manufacturing and supply industries. 

Export of fuel-tank kits rising

17th October 2003 Local manufacturer of four-wheel drive vehicle equipment, Northern Offroad, reports that exports of its stainless-steel fuel-tank kits have greatly exceeded all figures recorded by the company in previous years. 

Stainless-steel castings gaining ground at refineries, reports foundry

17th October 2003 Failure to specify the correct materials, specifically stainless-steel castings, can result in costly downtime, and may even cause catastrophe in the petrochemicals industry, says Steloy Castings MD Danie Slabbert. 

New stainless-steel welding electrodes under development

17th October 2003 In keeping with its ongoing product development programme, welding electrode manufacturer Oesa reports that it is well advanced with the development of a local variant of covered 410 type stainless steel and 410 NiMo welding electrodes for the construction and pump industries. 

Dubai project expected to boost local stainless industry

17th October 2003 The multibillion dollar Palm project in Dubai is likely to be a major boost for the local stainless-steel industry. 

Hand-railing gaining popularity with various industries

17th October 2003 Manufacturing and engineering specialist Andrew Mentis reports that its Interlink stainless-steel hand-railing system has become very popular with refineries, industrial users, paper and board manufacturers, construction, as well as general engineering companies. 

Bearing refurbishment service to save on costs

17th October 2003 Bearing supplier Timken South Africa and stainless-steel producer Columbus Stainless of Middelburg, Mpumalanga, have joined forces to create a Z-mill bearing refurbishment service that is reportedly already saving Columbus up to 50 % on the cost of replacement bearings, as well as significantly... 

Kitchen systems company upgrades its manufacturing process

17th October 2003 Manufacturer and supplier of quality stainless-steel kitchen and washroom systems, Franke Kitchen Systems, reports that it recognises the importance of investing in the appropriate technology and products to ensure that all customers receive top-of-the-range products at affordable prices. 

New range of corrosion-resistant cabinets launched

17th October 2003 Manufacturer of electrical equipment and accessories, Legrand, has launched a new range of stainless-steel cabinets designed for use in corrosive conditions and in areas requiring a high level of hygiene. 

Portable punch for stainless steel

17th October 2003 East Rand based Bellambie Mining & Industrial’s range of Simplex hydraulic and mechanically-powered tools and equipment includes a 35-ton portable punch, designed for easy operation, portability and efficient punching of stainless steel. 

The processing of raw materials should be outsourced, says company

17th October 2003 “The totally unpredictable performance of the rand, turmoil in the stainless-steel distribution industry, disruptive trading, cheap imports and shrinking export opportunities are just some of the extraordinary dynamics that our industry has to contend with, and is, in fact, a scenario that... 

Abrasives maker expands its export markets, despite the strong rand

17th October 2003 In a twist of irony, the strengthening of the rand has enabled local specialist manufacturer of abrasive products, buffs and compounds; Rebuff to expand its export markets in abrasive consumables for the stainless-steel industry, and to reduce local prices. 

Timeframe for SA steel pricing probe extended

By: Terence Creamer     10th October 2003 South Africa’s Competition Commission has requested, and received, a time extension for its investigation into the steel pricing policy of Iscor. 

Seifsa appoints new president

8th October 2003 The Steel and Engineering Industries Federation of South Africa (Seifsa) appointed new office bearers at the federation’s annual general meeting held in Johannesburg yesterday. 

Steel body sets aside €2,5m for Internet varsity

8th October 2003 Faced with growing concerns from members about the ability to recruit high calibre metallurgists, the board of directors of metal research house, the International Iron and Steel Institute (IISI), confirmed yesterday its support for a comprehensive package of advanced and sophisticated e-learning... 

Upgraded steel inspection line to feature laser welding

By: candice haase     3rd October 2003 The upgrade of steel producer Iscor’s inspection line, due for final commissioning this month, incorporates synthetic single-crystal yttrium aluminium garnet (Yag) laser technology. 

Iscor contributes R1,1bn SA exports promotion

16th September 2003 South African steel giant Iscor said its rebate scheme, aimed at promoting the growth of the country's secondary steel exports, has contributed over R1,1-billion, during the last five years, to export promotion. 

Two-week Columbus strike ends

15th September 2003 Stainless steel producer Columbus Stainless confirmed over the weekend that National Union of Metalworkers of South Africa (Numsa) shop stewards agreed on Friday to recommend a settlement to their members, bringing to an end the two-week strike by some 190 Numsa members at the Columbus plant in... 

Columbus strike may spill over to neighbours

By: Martin Czernowalow     12th September 2003 The strike at the Columbus Stainless plant in Middelburg, Mpumalanga, is threatening to intensify after the National Union of Metalworkers of South Africa (Numsa) warned that it would involve employees of five other companies in the labour action. 

Steel maker reviews its auto strategy

By: Terence Creamer     12th September 2003 South Africa’s largest steel producer, Iscor, together with its largest shareholder, LNM, is in the midst of a far-reaching review of its automotive-steel strategy in bid to ensure its continue presence in the sector beyond 2005. 

R643m enviro project for Vanderbijl mill

By: Terence Creamer     12th September 2003 Steel producer Iscor has completed environmental master-plans for all it operations, including for the Vanderbijlpark mill in Gauteng, where residents have accused Iscor of serious pollution and are taking legal action against the company. 

Scrap mechanisms taking shape

By: Riaan de Lange     5th September 2003 On May 30 the Minister of Trade and Industry, Alec Erwin, signed into effect a policy pertaining to the issuing of scrap-metal export permits. 

Stainless crane contract awarded

By: nkolola halwindi     29th August 2003 In a multimillion-rand contract, local crane manufacturer Demag Cranes and Components will supply ten cranes to Columbus Stainless, in Middelburg, as part of its expansion programme. 

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