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Metals & Engineering News

Opinion: South African steel industry is an industry in distress

6th March 2020 In this opinion piece, South African Iron and Steel Institute secretary-general Charles Dednam outlines the difficulties being faced by the domestic steel industry and calls for the creation a ‘level playing field’ to enable the steel industry to contribute more fully in stimulating value-added... →

Company to improve processes with new furnaces

By: Cameron Mackay 6th March 2020 Local metalworking company Thomas Foundry is set to improve and increase the efficiency of its metalworking and manufacturing processes with the purchase of four new induction furnaces. The order was placed in September last year to replace three decommissioned furnaces – a 1 t furnace and two 5... →

FORGING AHEAD The company has purchased 4 new furnaces to reduce electricity consumption, improve quality and productivity, improving environmental compliance and reducing maintenance costs

Localisation to boost industries

By: Cameron Mackay 6th March 2020 Government’s intention to increase demand for locally manufactured content to at least 60% across industries will have a positive impact on the local casting, forging and machining sector, says nonprofit entity the Casting, Forging and Machining Cluster (CFMC) of South Africa project leader Steve... →

CLUSTER COLLABORATION The CFMC is a development purposed vehicle which will enable companies to work together to achieve what could not be achieved individually

4IR, rail projects can grow local foundries industry

By: Cameron Mackay 6th March 2020 The local foundries, forges and casting industry can benefit from following the global trend of metal casting companies implementing Fourth Industrial Revolution (4IR) technologies. An abundance of infrastructure projects, such as rail projects from State-owned rail utility Transnet, has the... →

GLEN DIKGALE There are opportunities for the local foundry industry. Government is increasingly talking about sourcing equipment locally, so we need to comply with requirements

Local foundry leads to AI partnership

By: Cameron Mackay 6th March 2020 With a strong focus on growing its international business, machine learning solutions provider, DataProphet, has signed a partnership with a leading metallic parts enhancement company, Norican Group, to accelerate the adoption of artificial intelligence (AI) in the foundry industry. This came... →

SMART FOUNDRIES The aim is to improve manufacturing processes using AI in the foundry industry

Numsa heads to Constitutional Court to have Aveng Trident Steel workers reinstated

By: Marleny Arnoldi 4th March 2020 The National Union of Metalworkers of South Africa (Numsa) has approached the Constitutional Court to seek the reinstatement of 733 workers who were dismissed by Aveng Trident Steel. The steel fabricator in 2015 issued a Section 189 notice, informing workers of its plans to restructure the... →

Companies urged to gear up for gas revolution in Mozambique

By: Kim Cloete 3rd March 2020 Key players in the gas industry have urged the South African government and companies to gear up for the tremendous opportunities that the gas resources uncovered in Mozambique will offer. A final investment decision (FID) has been taken for two projects, while the FID for a third project is... →

Germany moves into hydrogen with lessons from Opec, Russia

By: Bloomberg 3rd March 2020 Germany is taking its first steps to build an economy based on hydrogen instead of fossil fuels, seeking to deliver both green growth and to avoid being trapped by a small cartel of suppliers. Ministers have been quietly lining up deals with nations including Nigeria that might produce hydrogen... →

Iron-ore soars as China port stocks dip, stimulus hopes grow

By: Reuters 2nd March 2020 China's iron-ore futures hit the upside limit on Monday as declining stockpiles at ports indicated steel mills' improving appetite for the raw material, while expectations grew Beijing will roll out further support for its paralysed economy. iron-ore on the Dalian Commodity Exchange ended up 5.8%... →

Sector in dire need of transformation

By: Mamaili Mamaila 28th February 2020 The manufacturing industry, and particularly the metals and engineering sector, is in much need of transformation, says national employer federation the Steel and Engineering Industries Federation of Southern Africa (Seifsa). →

MICHELLE NORRIS Women working in the metals and engineering sector are predominantly found in administrative job functions

Stainless steel growth unlikely in 2020

By: Mamaili Mamaila 28th February 2020 The level of activity in the local stainless steel sector’s value chain has dwindled in the past decade, mainly owing to international competition, low steel prices and the slow growth of the local economy. →

FULL OF VIGOR Stainless steel is one of the youngest industrial materials globally, managing to positively change people’s lives

Digitalisation beneficial for steel producers

By: Mamaili Mamaila 28th February 2020 Digitalisation will become an increasingly important strategy for steel producers to achieve a competitive advantage in the market, says metallurgical industry plant and integrated systems provider SMS group MD Pieter Bezuidenhout. →

Local steel industry still holds much potential

By: Mamaili Mamaila 28th February 2020 The current capacity and capabilities of the local steel industry are still largely understated, says export trade promotion agency the International Steel Fabricators (ISF). →

International Steel Fabricators CEO Neels van Niekerk discusses the South African steel sector. Camerawork: Creamer Media’s Nicholas Boyd. Editing: Creamer Media’s Nicholas Boyd. Recorded: 30.01.2020

Volatile steel prices to continue in 2020

By: Mamaili Mamaila 28th February 2020 The volatile prices of domestic steel producers and domestic steel merchants are likely to continue in 2020, says national employer federation Steel and Engineering Industries Federation of Southern Africa (Seifsa) chief economist Dr Michael Ade. →

MICHAEL ADE 2020 is still going to be a difficult year for the metals and engineering sector, with ongoing pressure on margins

SAISC calls for the revival of the steel sector

28th February 2020 The steel industry has significantly contracted over the last four years and shed thousands of jobs, as many of South Africa’s long-standing and successful construction companies closed down or went into business rescue, South African Institute for Steel Construction (SAISC) CEO Paolo Trinchero... →

Market feels project pinch

By: Mamaili Mamaila 28th February 2020 The lack of significant public infrastructure spend to boost steel consumption and construction activity are some of the challenges that the local steel tube market has to deal with, says steel industry association the Association of Steel Pipe Manufacturers (ASTPM). →

KEITUMETSE MOUMAKOE The influx of cheap small-bore steel tube imports has not aided the industry

Turning challenges in the steel sector into opportunities

28th February 2020 Despite the local steel sector currently experiencing tough challenges, some businesses within the steel supply chain have seized the opportunities presented by these challenges to grow their success. One such business is nitrogen generation equipment manufacturer and supplier NitraLife which... →

First bauxite cargo from Chalco's Guinea mine arrives in China

By: Reuters 27th February 2020 The first cargo of bauxite shipped from Aluminum Corp of China's Boffa mine, in Guinea, has arrived in China, a spokesperson for the company, which is also known as Chalco, said on Thursday. The 55 000 t cargo arrived at the port of Rizhao in eastern China's Shandong province on Wednesday after... →

Global steel output rose 2.1% y/y in January – worldsteel

By: Reuters 26th February 2020 Global crude steel production rose 2.1% to 154.4-million tonnes in January from the same month a year ago, figures from the World Steel Association showed on Tuesday. Crude steel output from China, the world's top producer and consumer of the alloy, gained 7.2% to 84.3-million tonnes in January. →

PSV considers clawback offer with DNG as part of restructuring strategy

By: Marleny Arnoldi 26th February 2020 AltX-listed industrial engineering group PSV Holdings on Wednesday announced that its board was considering a turnaround strategy for the business. The turnaround strategy includes a potential clawback offer whereby liquefied natural gas infrastructure provider DNG Energy Proprietary will... →

Record stash of steel in China as demand slammed

By: Bloomberg 25th February 2020 The world’s largest steel industry just sent out another warning flare as producers grapple with the coronavirus outbreak: nationwide stockpiles of reinforcement bar have swelled to the most on record. The surge is a reflection of the dislocation caused by the disease and efforts to fight it.... →

Kumba pays out 92% of HEPS to shareholders as iron-ore prices lift earnings

By: Marleny Arnoldi 18th February 2020 JSE-listed miner Kumba Iron Ore delivered a payout ratio of 92% of headline earnings per share (HEPS) for the year ended December 31, exceeding its 50% to 75% dividend payout policy. The company declared a final cash dividend of R15.99 apiece, which, combined with the interim dividend of R30.79... →

Photo by Creamer Media's Donna Slater
Kumba Iron Ore CEO Thamba Mkhwanazi

Bushveld sees battery storage potential beyond EVs

By: Simone Liedtke 17th February 2020 While the energy transition is gaining a lot of traction, integrated primary vanadium producer Bushveld Minerals CEO Fortune Mojapelo laments that the battery storage narrative is “still dominated by electric vehicles (EVs)”. He tells Engineering News & Mining Weekly that there is still a lack of... →

Bushveld Minerals CEO Fortune Mojapelo chats to Engineering News & Mining Weekly about the energy transition, how vanadium plays a role in this as well as how this fits into the company's growth plans. Video: Creamer Media's Kutlwano Matlala. Editing: Nicholas Boyd.

Metals, engineering sector set for ‘unremarkable’ growth this year

By: Tasneem Bulbulia 14th February 2020 Last year was generally challenging for both the domestic and global economy, as weakening demand, manufacturing and trade and investment restrained progress, with extended negative implications for the metals and engineering (M&E) sector, which is poised for “unremarkable” growth this year.... →

Photo by Creamer Media's Donna Slater
Dr Michael Ade

Renewed call to ban disposable cylinders

By: Darren Parker 14th February 2020 Despite various heating, ventilation, air-conditioning and refrigeration (HVAC-R) industry participants contesting the banning of disposable gas cylinders in South Africa for years, there is no indication of a decision on the matter being reached. South African Refrigeration and Air-Conditioning... →

TIME TO SCRAP THIS PRACTICE Disposed cylinders create about 3 150 m3 scrap metal and can explode if not thoroughly evacuated

Tribunal approves AMSA’s acquisition of Highveld Structural Mill

By: Tasneem Bulbulia 13th February 2020 The Competition Tribunal has unconditionally approved steel manufacturer ArcelorMittal South Africa’s (AMSA’s) acquisition of the manufacturing and production of structural steel and rail business of Highveld Structural Mill (HSM), a subsidiary of Evraz Highveld Steel and Vanadium. HSM, in... →

Vedanta sets sights on zinc, silver, iron-ore output growth

By: Kim Cloete 12th February 2020 CAPE TOWN (miningweekly.com) – Natural resources company Vedanta Resources is aiming to become the world's biggest producer of zinc, as well as to double its production of silver and increase its iron-ore output from 10-million to 15-million tonnes a year. Vedanta has a presence in steel,... →

Vedanta Resources executives tell Mining Weekly correspondent Kim Cloete about the group's growth plans and its corporate social investment initiatives. Video and editing: Nicholas Boyd.

Patel asked to brief lawmakers on government’s response to ongoing steel job cuts

By: Terence Creamer 11th February 2020 The opposition Democratic Alliance has written a letter to Trade and Industry Minister Ebrahim Patel calling on him to brief lawmakers about developments at steel group ArcelorMittal South Africa, which recently warned of additional job cuts at the company. AMSA confirmed on February 6 that,... →

AMSA says regulatory changes could open way for 100 MW Vanderbijl solar farm

By: Terence Creamer 6th February 2020 Steel producer ArcelorMittal South Africa (AMSA) believes there is potential to develop a 75 MW to 100 MW solar photovoltaic (PV) power plant adjacent to its Vanderbijlpark mill, in Gauteng. The JSE-listed company is also convinced that such a project could proceed relatively quickly should South... →

Photo by Creamer Media's Donna Slater
AMSA CEO Kobus Verster

AMSA slumps to R3.3bn loss amid ‘exceptionally difficult’ conditions

By: Terence Creamer 6th February 2020 Steel producer ArcelorMittal South Africa (AMSA) slumped to a R3.3-billion headline loss in 2019, which the JSE-listed group described as an exceptionally difficult one for the South African economy and also the most challenging for the world steel industry since the global financial crisis of... →

Wind-down of the Saldanha Works, in the Western Cape, to be largely completed by the end of the first quarter

Coronavirus hurts base metals, iron-ore prices

By: Simone Liedtke 5th February 2020 The outbreak and contagion of a new strain of the coronavirus – which began in the Chinese city of Wuhan in December – has contributed to renewed concerns over economic growth prospects, particularly in China. China, which is a major supplier and consumer of base metals as well as a major... →

Hudaco performs well, despite economic downturn

By: Simone Liedtke 31st January 2020 Automotive, industrial and electrical consumable products supplier Hudaco managed to grow its headline earnings a share for the financial year ended November 30, 2019, by 5.1% year-on-year to R13.55. The company said this was “an achievement” given the tough business environment in South Africa,... →

Photo by Creamer Media's Donna Slater
Hudaco CEO Graham Dunford

Fallout from coronavirus expected to have a ripple effect on coal, iron-ore

By: Kim Cloete 31st January 2020 The fallout from the coronavirus in China is expected to have a ripple effect on many sectors in the Chinese economy, slow down its economic growth and impact on its coal industry and imports. Coal trader Noble Resources research head Rodrigo Echeverri says the impact had been severely... →

South Africa will caution Trump against ‘premature’ trade review

By: Bloomberg 29th January 2020 South Africa’s government will tell President Donald Trump’s administration that its review of a preferential trade agreement that could put as much as $2.4-billion in exports at risk is premature and potentially damaging for both economies. The US Trade Representative will start public hearings... →

Global crude steel output increased 3.4% in 2019

By: Schalk Burger 28th January 2020 Global crude steel production increased by 3.4% year-on-year to 1.87-billion tonnes in 2019, despite output having contracted in all regions, except Asia and the Middle East, industry association, the World Steel Association (worldsteel), reports. Asia produced 1.34-billion tonnes of crude steel... →

Averda secures three-year AMSA contract

By: Tasneem Bulbulia 27th January 2020 End-to-end waste management company Averda has been awarded a three-year contract by steel producer ArcelorMittal South Africa (AMSA) for the collection, transportation and disposal of several complex waste streams including sludge, coal tar, oil and grease, effluent, borax and phosphates,... →

Commission recommends tribunal approve Barnes Reinforcing buyout

By: Marleny Arnoldi 24th January 2020 The Competition Commission has recommended to the Competition Tribunal that it approve a proposed transaction whereby Barnes Group Holdings intends to acquire Barnes Reinforcing (BRI). Barnes Group manufactures steel tubes, pipes, black galvanised wire, and fencing posts and gates, as well as... →

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