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Metals News

Miners behind pre-poll South African stock rally not done yet

By: Bloomberg 17th April 2019 South African mining stocks have had their best start to the year since 2016 and there’s every chance they are not done yet. The FTSE/JSE Africa Mining Index has gained 22% as of April 16 and is close to an eight-year high, helping South Africa’s benchmark gauge advance 12% as investors show few... →

Steel demand growth rates to moderate in line with slowing global economic growth

By: Nadine James 16th April 2019 Global steel demand is expected to increase by 1.3% year-on-year to 1.74-billion tonnes this year, the World Steel Association’s (worldsteel’s) ‘April 2019 Short Range Outlook’ shows. Demand is projected to grow by a further 1% in 2020 to 1.75-billion tonnes, the association added. →

Egypt imposes temporary duties of 15% on iron billets, 25% on steel rebar

By: Reuters 15th April 2019 Egypt has imposed temporary import fees of 15% on iron billets and 25% on steel rebar for 180 days from Monday, the finance ministry said. The ministry said the import fees aim to protect national industry against unfair competition. →

Numsa cancels planned strike at AMSA

By: African News Agency 12th April 2019 The National Union of Metalworkers of South Africa (Numsa) on Friday cancelled its planned march to ArcelorMittal South Africa in Johannesburg. "This is because the company is threatening to interdict the march if we proceed. It is in the best interests of our members to protect the strike and... →

Projects in DRC keep local businesses afloat

By: Khutso Maphatsoe 12th April 2019 With a lack of investment and new projects locally, stainless steel fabricator Vessel Fab has expanded its offering into Africa and has been working on a few projects in the Democratic Republic of Congo (DRC) and its neighbouring countries. Over the past decade there has been an exponential... →

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EXCLUSIVELY MANUFACTURED PRODUCTS The company provides custom-built products based on client designs and specifications

Numsa strike at AMSA enters fifth week

By: African News Agency 10th April 2019 The National Union of Metalworkers of South Africa said on Wednesday it was forging ahead with a month-long strike at the local subsidiary of multinational steel manufacturer ArcelorMittal. The union said this after its members handed over a memorandum of demands to the UK Embassy, in Pretoria,... →

Three companies join forces to launch EMVAfrica brand

By: Simone Liedtke 5th April 2019 Energy Engineered Products, Multi Alloys and E-Metals Cape have joined forces under the EMVAfrica umbrella to create a “dynamic, single-source solutions provider and service suit” for customers on the African continent. Officially launched on Friday, EMVAfrica director Graham Witty tells... →

Canada tribunal recommends tariffs for 2 types of steel, exclusion for others

By: Reuters 4th April 2019 The Canadian International Trade Tribunal (CITT) said on Wednesday that tariffs should stay on two types of steel originating from many countries other than the United States, and those on five other steel products should be lifted. The Canadian government had argued the special tariffs, called... →

Iron-ore thunders higher as mine dams closed, exports collapse

By: Bloomberg 3rd April 2019 Iron-ore’s supply-driven rally picked up pace on Wednesday, with futures topping $90 a ton, amid increasing concern the crisis at Brazil’s Vale will be drawn out as regulators ordered dozens of dams to be shut. Futures for benchmark material rallied as much as 4.1% in Singapore, while spot ore... →

Tariff war will hammer global trade growth this year, WTO says

By: Bloomberg 2nd April 2019 The World Trade Organization (WTO) slashed its global trade growth projection for 2019 to the lowest level in three years, citing the impact of rising commercial tensions and tariffs. World merchandise trade growth will slow to 2.6% this year and 3% next year, after notching 3% in 2018, the WTO... →

Nampak anticipates glass business sale by April, provides trading update

By: Marleny Arnoldi 27th March 2019 JSE-listed Nampak expects the sale of its glass business to conclude before the end of April. Nampak in February entered into an exclusivity arrangement with a preferred bidder – a black South African-owned company that is supported by a large international corporation with ‘significant’ glass... →

LME waives listing fees for cobalt brands for six months

By: Reuters 26th March 2019 The London Metal Exchange (LME) on Tuesday suspended listing fees for new cobalt brands for six months to encourage interest from producers of the element widely used in rechargeable batteries. The LME, the oldest and largest market for industrial metals, launched a cash-settled cobalt contract... →

Numsa members embark on strike at BMW’s Rosslyn plant

By: Simone Liedtke 25th March 2019 The National Union of Metalworkers of South Africa (Numsa) on Monday claimed that BMW South Africa had unilaterally changed the terms of service for contract workers. As a result, Numsa members have embarked on a strike at BMW’s Rosslyn plant, in Pretoria. →

South32’s Mozal pledges $250 000 to aid Cyclone Idai recovery efforts

By: Tasneem Bulbulia 22nd March 2019 South32’s Mozal Aluminium smelter, which is located in the Mozambique capital Maputo, has pledged a $250 000 donation to support recovery efforts following the devastating impact of Cyclone Idai in the country. Commenting in a statement on Friday, Mozal VP Samuel Samo Gudo said the company had... →

AMSA disputes Numsa’s claims

By: Marleny Arnoldi 20th March 2019 ArcelorMittal South Africa (AMSA) expressed its disappointment on Wednesday, following the publication of a statement by National Union of Metalworkers of South Africa (Numsa) on Tuesday, that claimed that some AMSA employees are forced to work even if conditions are dangerous. Numsa, which has... →

Climate challenge harder than it seems, JP Morgan executive warns

By: Bloomberg 20th March 2019 The world isn’t cutting carbon emissions anywhere near quickly enough, a senior executive at JP Morgan Asset Management told clients this week – and changing that will require far harder choices than most people realise. In his annual 'Energy Outlook' report, Michael Cembalest, chairperson of... →

Numsa members continue strike at AMSA

By: Marleny Arnoldi 19th March 2019 The National Union of Metalworkers of South Africa (Numsa) has met with the Commission for Conciliation, Mediation and Arbitration (CCMA) to help resolve the strike at steel producer ArcelorMittal South Africa (AMSA). The union said in a statement on Tuesday that it had been unable to reach an... →

Hulamin reviews extrusions business, rolled products reaches record volumes

By: Marleny Arnoldi 19th March 2019 JSE-listed aluminium supplier and exporter Hulamin’s rolled products division reported a “superb” manufacturing performance for the year ended December 31, 2018, increasing its sales by 6% to 228 000 t. This third consecutive year of record sales volumes from rolled products helped to offset... →

Hulamin expects 2018 headline earnings of 91c a share

By: Marleny Arnoldi 18th March 2019 JSE-listed aluminium supplier and exporter Hulamin expects to report a 4% year-on-year decrease in headline earnings a share to 91c for the year ended December 31, 2018. In anticipation of reporting its full-year results on March 19, the company on Monday said it expected to report a loss a... →

Lesedi exploring opportunities in Africa at PEWA

By: Mamaili Mamaila 15th March 2019 Engineering, procurement, project management and maintenance solutions house Lesedi Nuclear Services will, for the second time, attend the Power and Electricity World Africa (PEWA) conference taking place on March 26 to 27. →

SHANE PEREIRA Lesedi continues to support Eskom in providing electricity to South Africa

AMSA says contingency plans in place as Numsa strikes over ‘labour brokers’

By: Terence Creamer 12th March 2019 Steel producer ArcelorMittal South Africa (AMSA) says it has introduced contingency plans at its various plants to minimise the potential impact on production of a National Union of Metalworkers of South Africa (Numsa) strike. The union indicated on Tuesday that a strike had been declared, owing... →

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AMSA's Vanderbijlpark steel mill

Numsa says on strike at AMSA

By: African News Agency 12th March 2019 The National Union of Metalworkers of South Africa said on Tuesday it had gone on strike at ArcelorMittal South Africa (AMSA), accusing the steel company of abusing workers through labour brokers. Numsa said the strike would affect all AMSA operations in Vanderbijlpark. →

Seifsa invites entries for Environment Stewardship Award, other Excellence Award categories

By: Tasneem Bulbulia 4th March 2019 To celebrate companies that have gone out of their way to invest in the environment, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) will present the Environment Stewardship Award to a company that has successfully implemented greening initiatives in its day-to-day... →

Metals, engineering sector set to grow amid challenges

By: Jessica Oosthuizen 1st March 2019 Despite continuous challenges in recent years, the local metals and engineering sector is expected to show moderate growth of 1.8% this year. The various subsectors will register varied levels of growth, with some expanding and others contracting during the year. This is according to the Steel... →

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STABILISING PRICES Metals prices generally are expected to stabilise this year and next year

NDT equipment analyses, measures carbon content in alloys

By: Jessica Oosthuizen 1st March 2019 Vereeniging-based nondestructive testing (NDT) equipment provider GammaTec NDT Supplies is currently introducing the SciAps Z-200 C+, which is the only handheld analyser on the market capable of analysing carbon content in alloys, to the African market. GammaTec is the official distributor for... →

SCIAPS Z-200 C The equipment analyses carbon content in carbon and stainless steels using the technique of a handheld laser-induced breakdown spectroscopy

Global crude steel production increases 1% y/y – worldsteel

By: Tasneem Bulbulia 26th February 2019 World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 146.7-million tonnes in January – 1% higher year-on-year. China’s crude steel production for January was 75-million tonnes, an increase of 4.3% compared with January 2018. →

Aveng outlines piecemeal sale process being pursued at Grinaker-LTA

By: Terence Creamer 26th February 2019 JSE-listed construction and engineering group Aveng says the disposal process for Grinaker-LTA is well advanced, but has also confirmed that the company will not be sold as a single going concern. The R95-million sale of Aveng Water has already been agreed and newly appointed CEO Sean Flanagan... →

Photo by Creamer Media's Dylan Slater
Aveng executive chairperson Eric Diack and CEO Sean Flanagan

Now is the time to focus on Industry 4.0 – CEA chairperson

By: Shannon de Ryhove 22nd February 2019 With 2019 ushering in new executive leadership at employer and employee representative association, the Constructional Engineering Association of South Africa (CEA), chairperson Rajen Govender believes that it is the ideal time to focus on the association and industry’s readiness for the Fourth... →

CEA chairperson Rajen Govender speaking about the future of the association and the impact of Industry 4.0 on the metals and engineering industry. Camerawork and Editing: Nicholas Boyd.

Linhleko Projects, FLSmidth partner to boost Waterval chrome production by 20%

By: Nadine James 21st February 2019 Black-owned fabrication and mining installations company Linhleko Projects this week officially launched its cooperation agreement with FLSmidth – a 50/50 profit sharing agreement in which Linhleko uses FLSmidth’s REFLUX Classifier (RC) technology to enhance chrome recovery from... →

Another fuel levy increase lies ahead, carbon tax to be implemented

By: Simone Liedtke 20th February 2019 A carbon tax on fuel of 9c/l on petrol and 10c/l on diesel will become effective from June 5, Finance Minister Tito Mboweni said on Wednesday. Further, the general fuel levy will increase by 15c/l for petrol and diesel from April 3, while the Road Accident Fund (RAF) levy will be increased by... →

Retrenchments at South32’s Hillside smelter could affect up to 500 jobs – Solidarity

By: Nadine James 19th February 2019 Trade union Solidarity on Tuesday said it had received a retrenchment notice from South32’s Hillside aluminium smelter, in Richards Bay. The trade union stated that the retrenchment process could impact the lives of up to 30 000 people and, consequently, the entire Richards Bay area. →

Nampak marks 50 years on JSE amid moves to streamline and reduce environmental footprint

By: Terence Creamer 19th February 2019 Packaging group Nampak, which celebrated 50 years on the JSE on February 19, is a markedly different business from the one that has its roots in a cardboard box-making factory established by John Herzberg in Waterkant Street, Cape Town, in 1918. Rising levels of automation across a portfolio of... →

Constitutional Court upholds Aquila’s Gravenhage manganese mining right

By: Tasneem Bulbulia 18th February 2019 The Constitutional Court has upheld a High Court judgment granting China-based Baowu Group subsidiary, Aquila Steel, a mining right over its Gravenhage manganese deposit, located in South Africa’s Northern Cape province. Aquila’s planned development of Gravenhage has been delayed for several... →

Pan African’s Elikhulu project ups production

14th February 2019 African-focused metals producer Pan African Resources’ Elikhulu operation, which is located in Evander, Mpumalanga is achieving a better-than-expected production performance, investors and media were told during a site visit last month. Nadine James tells us more. →

Pan African’s Elikhulu project ups production

Metals, engineering sector set for third consecutive year of growth – Seifsa

By: Tasneem Bulbulia 8th February 2019 The metals and engineering sector is set to grow for the third consecutive year in 2019, despite the past year having been generally challenging for both the global and domestic economies. This is according to the Steel and Engineering Industries Federation of Southern Africa (Seifsa), which... →

Photo by Dylan Slater
Steel and Engineering Industries Federation of Southern Africa chief economist Dr Michael Ade

Steel group to approach Nersa for power-tariff relief

By: Terence Creamer 7th February 2019 Steel producer ArcelorMittal South Africa (AMSA) says it will submit site-specific applications to the National Energy Regulator of South Africa (Nersa) to secure tariff relief from Eskom for its operations in Gauteng, KwaZulu-Natal and the Western Cape. The submissions will be made in line with... →

AMSA CEO Kobus Verster on the threat posed by power hikes and on the group's plan to approach the regulator for relief. Camera Work & Editing: Darlene Creamer. Recorded: 7.2.2019

New graphite factory bolsters mining, foundry product offerings

By: Schalk Burger 7th February 2019 A new graphite facility, Graphite Freezeline Solutions, was opened last month on industrial engineering firm Thos Begbie’s manufacturing campus, in Middelburg. It will reduce the time to manufacture products that include graphite components, especially for the mining and foundry industry, says... →

GFS FACILITY OPENING Hercules van der Merwe at the Graphite Freezeline Solutions facility opening

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