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Metals & Engineering News

Taxpayer loses as multimillion-rand investment collapses amid allegations of fraud, mismanagement

By: News24Wire      8th March 2021 The KwaZulu-Natal Growth Fund (KGF), Industrial Development Corporation (IDC) and private investors have burnt their fingers and lost more than R330-million in an ill-fated cookware-manufacturing plant which has now been liquidated. INSA, in which the KGF, IDC and private funders had invested... 

Company secures distributor deal

By: Halima Frost     5th March 2021 Engineering solutions provider BMG has been appointed as the exclusive distributor of Swagefast fastening systems in Africa, including South Africa. “This means that BMG will have the capacity to supply heavy industrial pin and collar fastening solutions directly to the rail industry,” says BMG... 

Company secures distributor deal
PIN AND COLLAR The Swagefast heavy industrial pin and collar range will now be supplied by BMG

Glencore Ferroalloys launches enterprise and supplier development hub

By: Donna Slater     4th March 2021 Glencore Ferroalloys is helping to redress South Africa’s historical socioeconomic inequalities by supporting local small, medium-sized and microenterprises (SMMEs) through the recent launch of its first Enterprise and Supplier Development (ESD) Hub, in Rustenburg. Glencore opened the ESD hub,... 

Green revolution gets more expensive as copper price surges

By: Bloomberg     4th March 2021 Look just beneath the surface of many of the technologies powering the energy transition and there’s a red metallic glint. Copper is a vital part of green infrastructure from grids to wind turbines, and a recent price surge threatens to make decarbonization more costly. Copper has doubled from... 

Green revolution gets more expensive as copper price surges

Seifsa partners with Venncap to help metals, engineering companies secure funding

By: Schalk Burger     4th March 2021 Industry body the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has partnered with funding consulting firm VennCap Business Solutions to assist metals and engineering sector companies to secure funding for their businesses and enable them to chart a course to... 

Seifsa partners with Venncap to help metals, engineering companies secure funding
Seifsa CEO Kaizer Nyatsumba

US Commerce sets anti-dumping duties on aluminum sheet from 18 countries

By: Reuters     3rd March 2021 The US Commerce Department on Tuesday issued final anti-dumping duties on common alloy aluminum sheet from 18 countries investigated, including up to 242.8% on imports from Germany and 4.83% on imports from Bahrain. The duties were announced just hours after Rhode Island Governor Gina Raimondo... 

Global crude steel production up 4.8% y/y in January

By: Schalk Burger     26th February 2021 Crude steel production for the 64 countries that provide data to the global industry body the World Steel Association (worldsteel) increased by 4.8% year-on-year to 162.9-million tonnes in January. Production in Africa, the US, Japan and the European Union (EU) had, however, decreased, worldsteel... 

M&E sector output to recover this year after 15% decrease recorded for 2020 

By: Marleny Arnoldi     26th February 2021 The Metals and Engineering (M&E) sector was no doubt under pressure in 2020 owing to lower steel production and general trading restrictions, Steel and Engineering Industries Federation of Southern Africa (Seifsa) says in its latest 'State of the M&E Sector' report. Seifsa chief economist and... 

M&E sector output to recover this year after 15% decrease recorded for 2020

Global crude steel output decreases by 0.9% in 2020

26th February 2021 Global crude steel production reached 1 864-million tonnes (Mt) for the year 2020, which is down by 0.9% compared with 2019, steel industry association the World Steel Association stated in a press release last month. 

Global crude steel output decreases  by 0.9% in 2020
Photo by worldsteel.org
DECREASED STEEL OUTPUT Global crude steel production reached 1 864-million tonnes for the year 2020

Manufacturing recovery’s slow pace a concern, Seifsa

26th February 2021 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is concerned about the slow pace of recovery in the manufacturing sector, as depicted by the manufacturing Purchasing Managers' Index (PMI) number of 50.9 last month – lower than the 2020 fourth quarter average. 

Manufacturing recovery’s slow pace a concern, Seifsa
MULTIPLIER EFFECT The manufacturing sector remains key to the growth and development of South Africa owing to its multiplier effect on other sectors of the economy

Safe and reliable steel production even more crucial

26th February 2021 High temperatures, molten metals and heavy loads are some of the challenges faced during steel production, says industrial instrumentation and automation multinational Endress+Hauser. 

Safe and reliable steel production even more crucial
ZOOMING INTO SAFETY Over the years, the importance of safety has grown substantially, whereby laws and regulations governing the smelter and metals sector have become stricter

Companies committed to transformation honoured

26th February 2021 Entries are open for the seventh annual Steel and Engineering Industries Federation of Southern Africa (Seifsa) Awards for Excellence and the federation is calling on all companies within the metals and engineering (M&E) industry to send in their submissions for the Most Transformed Company of... 

Companies committed to transformation honoured
TRANSFORMATION GOALS The Most Transformed Company of the Year Award honours and celebrates companies that have been able to transform their workplaces meaningfully

Company adopts ‘three Rs’ approach to reduce environmental impact

By: Mamaili Mamaila     26th February 2021 Wear-resistant chromium carbide-clad liner plates manufacturer Rio-Carb has aligned itself with the ISO14001 environmental management system to benchmark its manufacturing processes by following the reduce, reuse and recycle approach. 

Company adopts ‘three Rs’ approach to reduce environmental impact
JABULILE MLAMBO Rio-Carb’s approach offered an environment-positive option to the mining, steel and cement industries

Association hopeful despite challenging environment

By: Mamaili Mamaila     26th February 2021 The stainless steel sector, similar to the rest of the local economy, was under pressure before the onset of Covid-19, says the Southern Africa Stainless Steel Development Association (Sassda). 

Association hopeful despite challenging environment
REPRIORITISATION The Southern Africa Stainless Steel Development Association’s members had to reconsider aspects, such as staff deployment, the use of facilities and cost structures

New Swedish venture eyes fossil fuel-free steel production in 3 years

By: Reuters     24th February 2021 Swedish steel venture H2 Green Steel is planning to build a fossil fuel-free steel plant in the north of Sweden, including a sustainable hydrogen facility, with production starting in 2024, it said on Tuesday. The Lulea-based venture, which is in the process of closing 50 million euros ($60.7... 

SAIW seeks to alleviate key skills shortages

By: Simone Liedtke     22nd February 2021 The South African Institute of Welding (SAIW) is gearing up to present its internationally recognised nondestructive testing (NDT) Level 3 Workshop in March. The workshop builds on pre-existing Level 1 and 2 NDT qualifications to enable attendees to take on a more senior managerial role within an... 

SAIW seeks to alleviate key skills shortages

AMSA confirms death of three employees after Vanderbijlpark Works stack collapse

By: Tasneem Bulbulia     18th February 2021 Steel company ArcelorMittal South Africa (AMSA) has confirmed that the bodies of three missing employees have been recovered, with all three having succumbed to injuries sustained in an incident at the company’s Vanderbijlpark Works on the morning of February 17. The incident entailed a portion... 

AMSA confirms death of three employees after Vanderbijlpark Works stack collapse
Photo by Creamer Media
Vanderbijlpark Works

Three employees missing after incident at AMSA's Vanderbijlpark Works  

By: Marleny Arnoldi     17th February 2021 Primary steel producer ArcelorMittal South Africa (AMSA) on February 17 reported that there had been an incident at its Vanderbijlpark Works facility, which resulted in three employees going missing. The company explained that a portion of a 90 m stack at one of the operation’s coke batteries... 

Biden faces South African push to extend trade concessions

By: Bloomberg     15th February 2021 South Africa is apprehensive about striking a new trade deal with the US and would rather maintain existing relations with the world’s largest economy, the nation’s top trade official said. South Africa is currently party to the so-called Generalised System of Preferences and the African Growth... 

Seifsa calls for finalisation, implementation of Steel Master Plan

By: Schalk Burger     12th February 2021 Industry body the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has called for the finalisation and speedy implementation of the Steel Master Plan, which it believes will benefit primary and downstream players in the local steel industry. It is also considered to be key... 

Macsteel commits to paying SME suppliers in 30 days

By: Marleny Arnoldi     11th February 2021 Steel merchant Macsteel has committed to its paying small- and medium-sized enterprise (SME) suppliers within 30 days, in a bid to contribute to the growth of this critical sector of the South African economy. Macsteel is the latest company to join Business for South Africa’s (B4SA’s) #PayIn30... 

ArcelorMittal South Africa reports second-half profit as supply squeeze lifts prices 

By: Terence Creamer     11th February 2021 Steelmaker ArcelorMittal South Africa (AMSA) return to profit in the second half of its 2020 financial year on the back of steel-shortage-induced price rises that negatively affected many domestic downstream consumers and have led to growing calls for a lifting of import protection. The... 

ArcelorMittal South Africa reports second-half profit as supply squeeze lifts prices

SAISC urges stakeholders to raise steel shortage concerns amid Itac import rebate investigation

By: Marleny Arnoldi     10th February 2021 The International Trade Administration Commission (Itac) has reportedly received a policy directive from Trade, Industry and Competition Minister Ebrahim Patel to investigate the creation of a rebate facility of customs and safeguard duties to cover imported flat steel products used by the... 

BHP pledges $15m to decarbonise the steel industry

By: Esmarie Iannucci     10th February 2021 Diversified miner BHP has signed a memorandum of understanding (MoU) with Japanese steel producer JFE Steel to jointly study technologies and pathways capable of making material reductions to greenhouse-gas emissions from the integrated steelmaking process. BHP on Wednesday said that it was... 

Group continues to embrace instrumentation technology

5th February 2021 Utility management company Bosch Munitech continues to make a substantial investment in the latest instrumentation technology, offering geospatial services in line with stringent global standards. Munitech, a division of multidisciplinary consulting engineering group Bosch Holdings, continuously... 

Group continues to embrace instrumentation technology
GROUP POWER The new technology enables the company to accurately survey complex structures in just one site visit

Time switch series available locally

5th February 2021 Electric solutions provider Legrand’s AlphaRex and MicroRex series of time switches are now available in South Africa. Both switches, which ensure high-clock precision and energy efficiency in industrial, commercial and domestic environments, have been designed for easy programming. 

Time switch series available locally
EASY TECH Legrands new series of time switches have been designed for easy programming

Glencore, Century Aluminum ink sale of 150 000 t of Natur-Al aluminium

By: Simone Liedtke     4th February 2021 Glencore and Century Aluminum Company have finalised the sale of 150 000 metric tons of Natur‐Al aluminium over five years to Austrian firm Hammerer Aluminium Industries (HAI). Natur‐Al products are made with energy from 100% renewable sources at Century’s Norðurál Grundartangi aluminum plant in... 

Global steel price rally to be short-lived – Fitch

By: Schalk Burger     4th February 2021 The recent global rally in steel prices will be short-lived, with prices starting to decline towards the end of the first quarter of 2021, as steelmaking production continues to be restarted. Vast steelmaking capacity idled during the heights of the pandemic could not be brought online quickly... 

Long road ahead for metals and engineering sector, warns Seifsa

By: Tasneem Bulbulia     1st February 2021 Industry organisation the Steel and Engineering Industries Federation of Southern Africa (Seifsa) says recent economic data shows that the meals and engineering (M&E) sector has a long and difficult road ahead to recovery, despite hope that interventions may provide some relief for industry... 

ArcelorMittal SA ramps up Vaal Meltshop to full production to ease steel shortages  

By: Terence Creamer     28th January 2021 Steel producer ArcelorMittal South Africa (AMSA) reported on Thursday that it would increase output at its Vaal Meltshop electric arc furnace (EAF), in Vereeniging, to help address prevailing steel shortages, which have been negatively affecting downstream fabricators and manufacturers for... 

ArcelorMittal SA ramps up Vaal Meltshop to full production to ease steel shortages
Photo by Creamer Media's Donna Slater
Kobus Verster

Global coalition formed to drive net-zero shift in hard-to-decarbonise transport and industrial sectors 

By: Terence Creamer     27th January 2021 A new global partnership has been formally launched in an effort to accelerate the decarbonisation of seven heavy industrial and transport sectors that together represent 30% of global greenhouse-gas emissions and where carbon-abatement pathways have yet to be defined. Known as the ‘Mission... 

Global coalition formed to drive net-zero shift in hard-to-decarbonise transport and industrial sectors

Global crude steel output down 0.9% y/y in 2020

By: Tasneem Bulbulia     27th January 2021 Global crude steel production decreased by 0.9% year-on-year to 1.86-billion tonnes for2020, industry association the World Steel Association (worldsteel) reports. South Africa produced 3.9-million tonnes of crude steel, a significant decrease from the 6.2-million tonnes produced in 2019. 

Forrest paves the way for green steel

By: Esmarie Iannucci     22nd January 2021 Mining magnate Andrew Forrest has pledged iron-ore major Fortescue to a green energy future, unveiling plans for green steelmaking in the Pilbara. In the first ABC Boyer Lecture for 2021, which will be aired over the weekend, Forrest in a recorded message stated that Fortescue would build... 

Forrest paves the way for green steel
Photo by Bloomberg
Fortescue founder and chairperson Andrew Forrest

Hulamin appoints new CFO

By: Simone Liedtke     21st January 2021 Aluminium supplier and exporter Hulamin has appointed Meganathan (Mark) Gounder CFO and executive director, with effect from April 1. Gounder is an experienced finance professional with over 25 years’ experience, and he has held various senior finance roles within the Illovo Sugar Group, which... 

Obituary: Eric Samson, a great loss for the steel industry and the country 

21st January 2021 In this tribute, Macsteel Global chairperson Mick Davis reflects on the life and contribution of Eric Samson, who he describes as  softly spoken, compassionate and generous. It is with great sadness that we announce the passing of the founder and majority shareholder of the Macsteel Group, Eric... 

Obituary: Eric Samson, a great loss for the steel industry and the country 
Eric Samson

Chrome market could change with new export tax regime, dissuading Chinese offtake  

By: Donna Slater     20th January 2021 A “delicate” balancing act between chrome ore mining and stainless steel production may be under threat as South Africa changes its export tax regime to boost the commodity’s “welfare benefits” and to favour local chrome buyers instead of foreign buyers, Simon le Roux, a student at Rhodes... 

Steel baron Eric Samson dies

By: News24Wire      20th January 2021 Steel magnate Eric Samson, best known for building Macsteel into one of South Africa's largest companies, has died aged 83.   The octogenarian billionaire – who shied away from the spotlight throughout his life – died in Newport, California. He had a career spanning more than five decades in the... 

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