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Metals & Engineering News

IDC open to ‘all options’ for turning around Foskor as impairments surge

By: Terence Creamer 31st July 2018 The State-owned Industrial Development Corporation (IDC) reported a sharp rise in impairments during its 2018 financial year, which surged 178% to R2.7-billion, from R954-million in 2017. Impairments as a percentage of total financing also increased to R4.9-billion (R2.1-billion), or 17.4%, only... →

Turkish steel makers eye exports to West Africa amid US tariff setbacks

By: Reuters 31st July 2018 Turkish steel makers are looking to expand in West Africa and other emerging markets in response to tariffs and planned quotas which threaten their sales to the United States and the European Union (EU), a senior sector official said. Namik Ekinci, board chairperson for the Turkish Steel Foreign... →

Hulamin sells well despite US import tariffs, decreased trade with China

By: Marleny Arnoldi 30th July 2018 JSE-listed aluminium supplier and exporter Hulamin has declared a 77% decrease in headline earnings a share to 13c for the six months ended June 30, partly owing to the 7% strengthening of the rand against the dollar to an average of R12.30 in the period, compared with an average of R13.22 in the... →

Hulamin CEO Richard Jacob

Chinese investors plan $10bn metallurgical complex in South Africa

By: Reuters 27th July 2018 Chinese investors signed agreements to build a $10-billion metallurgical complex in South Africa during President Xi Jinping's state visit this week and hope to start construction next year, an executive involved in the project and a provincial official told Reuters. South Africa's President... →

Competitive prices key in eliminating counterfeit parts

By: Halima Frost 27th July 2018 Although Africa is a brand-conscious continent the majority of consumers seek cheaper prices, and the automotive industry needs competitive aftermarket prices to deal with the challenges posed by counterfeit goods, says intellectual property law firm Spoor & Fisher anti-counterfeiting department... →

SPARKS FLY Confiscated bearings are taken to a smelter to be destroyed

D2M system grows its Plascon Acryline range

By: Halima Frost 27th July 2018 Owing to global demand for smarter painting systems that are cost effective and reduce process time, coatings company Kansai Plascon has introduced its Acryline Direct-2-Metal (D2M) system of automotive paints, which is considered as one of South Africa’s leading commercial-vehicle (CV) coating... →

A RAINBOW OF COLOURS Kansai Plascon’s D2M range is available in thousands of different hues

Global steel output jumps in H1 as strong margins tempt mills to ramp up

By: Reuters 26th July 2018 Global crude steel output, a gauge of economic health, rose 4.6% in the first half of this year versus the same period last year, as strong margins prompted mills in major producing countries to ramp up, industry data showed on Thursday. Crude steel production for the 64 countries reporting to... →

WTO chief sees trade war ending in political talks

By: Reuters 26th July 2018 The nascent global trade war will have to be ended by a political agreement between world leaders, because continuing down the current path will only damage the global economy, the head of the World Trade Organization said on Wednesday. WTO Director General Roberto Azevedo said that world leaders... →

South Africa 'collateral damage' in US-led global trading war – Davies

By: African News Agency 25th July 2018 South Africa has become "collateral damage" in the trading war involving mainly the United States, China, Canada and the European Union, with tariffs imports on its steel exports, Trade and Industry Minister Dr Rob Davies said on Wednesday. Global tensions have flared up as other countries hit... →

Hulamin H1 earnings decline further amid US steel tariffs

By: African News Agency 25th July 2018 JSE-listed aluminium producer, Hulamin, said on Wednesday that it expected its basic earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended June 30 to decline even further from what was initially anticipated. Hulamin said that EPS and HEPS for the half year... →

Solidarity unhappy with AMSA's wage offer

By: Simone Liedtke 24th July 2018 Trade union Solidarity has called ArcelorMittal South Africa’s (AMSA’s) proposed wage offer for this year “nothing but a slap in the face of hard-working employees”. The union on Tuesday said AMSA had proposed an increase of 6.5% in its contribution to employees’ medical aids. →

Steel and aluminum import tariffs a big concern for industry – Busa

By: African News Agency 23rd July 2018 Business Unity South Africa (Busa) said on Sunday that it was very concerned about imminent job losses in the domestic steel and aluminium industry if the import duties imposed by the United States government succeed. Speaking during the session on South African investment opportunities at the... →

In Senegal, China's President Xi pledges stronger Africa ties

By: Reuters 23rd July 2018 China's President Xi Jinping pledged during a visit to Senegal on Saturday to strengthen economic ties with Africa, a continent already awash with cheap Chinese loans in exchange for minerals and huge construction projects. Xi arrived in Senegal on Saturday for a two-day visit to sign bilateral... →

Trade war could knock 3% off global GDP – Bank of France study

By: Reuters 20th July 2018 An international trade war with wide-ranging tariff hikes could cut global gross domestic product by as much as three percent, according to a study by the French central bank on Thursday. The direct impact of a generalised 10 percentage point increase in import tariffs could alone knock 1% off... →

AMSA’s shares rise on expectations of lower losses

By: Creamer Media Reporter 19th July 2018 ArcelorMittal South Africa’s (AMSA’s) share price on the JSE rose by more than 12% on Thursday morning as the company announced that it expects to report a 25% to 30% narrowing in its losses a share for the six months ended June 30. The company’s loss a share is expected to decrease from the 203c... →

EU to curb steel imports after Trump tariffs

By: Reuters 18th July 2018 The European Union will launch measures on Thursday designed to prevent a surge of steel imports into the bloc following the US imposition of tariffs on incoming steel and aluminium, the EU's official journal said. The European Commission has proposed a combination of a quota and a tariff to... →

Numsa lodges wage dispute with AMSA

By: African News Agency 17th July 2018 The National Union of Metalworkers of South Africa said on Tuesday it had lodged a dispute at the Commission for Conciliation, Mediation and Arbitration (CCMA) against ArcelorMittal South Africa (AMSA) after reaching a deadlock in wage talks. The union is demanding an 11% wage increase across the... →

Davies concerned about extension of US tariffs to autos and auto parts

By: African News Agency 16th July 2018 South Africa’s steel and aluminium exports to the United States does not pose any threat to US national security, says Trade and Industry Minister Dr Rob Davies. Davies was speaking during bilateral meetings in Washington DC with US Trade Representative Ambassador Robert Lighthizer, US Secretary... →

Trade and Industry Minister Dr Rob Davies

China June aluminium, steel exports rise as trade row intensifies

By: Reuters 13th July 2018 China's aluminium exports exceeded half a-million tonnes for only the second time ever in June as stronger international than domestic prices encouraged overseas shipments, while steel exports hit an 11-month high, defying US tariffs. China is the world's biggest producer of both steel and... →

Compressed air dryer freezing the costs of energy consumption

By: Halima Frost 13th July 2018 Compressed-air treatment suppliers Artic Driers International, also the Southern Africa distributor of global manufacturer SPX Flow Busan products, has introduced a new approach in compressed-air drying South Africa through the Phase Change Material (PCM) compressed-air dryer. “The constant need... →

COOLER CUTTING COSTS The SPX Flow Busan compressed-air dryer is now available in South Africa

Shanghai rebar hits 10-month top as China's pollution fight intensifies

By: Reuters 12th July 2018 China's rebar steel futures rallied more than 3% to their highest in 10 months on Thursday amid potentially tighter supply as the government intensifies efforts to clean up its skies. China's cabinet launched on Wednesday a new cross-ministerial leadership group, headed by vice-premier Han Zheng,... →

Switzerland launches WTO action over US steel, aluminium tariffs

By: Reuters 10th July 2018 Switzerland has launched a complaint at the World Trade Organization against US tariffs on steel and aluminium, it said on Tuesday, the eighth WTO member to start such a challenge. "From Switzerland's point of view, the additional duties, which according to the US have been introduced to protect... →

US to initiate ‘exploratory talks’ on post-Agoa model at Washington forum

By: Terence Creamer 9th July 2018 United States Trade Representative (USTR) Robert Lighthizer will use this week’s African Growth and Opportunities Act (Agoa) Forum in Washington DC to initiate “exploratory talks” with African governments on a possible trade model that could be implemented when the unilateral programme expires in... →

Photo by Bloomberg
US Trade Representative Robert Lighthizer

Nissan admits to more testing misconduct for cars sold in Japan

By: Reuters 9th July 2018 Nissan Motor said on Monday it had improperly measured exhaust emissions and fuel economy for 19 vehicle models sold in Japan, the second case in less than a year where misconduct has been discovered in its inspection processes. Nissan said it had found sample test environments for emissions and... →

Agni Steel South Africa’s expansion approved

By: Nadine James 6th July 2018 The Eastern Cape Department of Economic Development, Environmental Affairs and Tourism has authorised the phase 2 and 3 expansion of steel recycling and processing company Agni Steel South Africa. Agni Steel’s plant is located in Zone 6 of the Coega Special Economic Zone. →

Growth potential of B grade steel in Africa evident

By: Erin Steenhoff-Snethlage 6th July 2018 The growth of various economies in Africa and the reliance on agriculture, means there will be a growing market for B grade steel for use in agriculture equipment, fencing and security in addition to its traditional use in decorative additions, says steel supplier Edenvale Steel and Tube Co. B... →

Photo by Creamer Media
OPTION B B grade steel can be a cost-saving method for non-essential construction

Hot dip galvanising offers significant cost savings, extends service life

6th July 2018 Steel is an ecofriendly construction material as it is durable and renewable, however, there is a need to extend the service life of the steel, which hot dip galvanising is well suited for, says Hot Dip Galvanizers Association Southern Africa (HDGASA). Hot dip galvanizing offers benefits... →

New division to focus on diversification, innovation

By: Erin Steenhoff-Snethlage 6th July 2018 Midvaal-based structural and reinforcing steel supply company Fabcon Steel is developing a new engineering division to diversify into different market segments. The company provides turnkey solutions based on engineering services, such as drawing, design and certification, followed by the actual... →

Andrew van Gool Fabcon Steel will focus on innovation, with its new division focused on specialised products

New range of ZAP fasteners released

6th July 2018 Johannesburg-based roofing, cladding and steel frame fastener supplier Kare Industrial Suppliers has introduced a new range of ZAP fasteners designed for fixing roof sheeting to light steel battens and purlins. Over the last few years, there has been an increase in the use of light steel battens... →

Seifsa expects 1.7% expansion in local steel industry

By: Erin Steenhoff-Snethlage 6th July 2018 Following its initial forecast of a 1.1% expansion of the metals and engineering cluster at the beginning of the year, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) says upon review, preliminary data now suggest a 1.6% expansion of the sector, with all sub-industries... →

Photo by Creamer Media
MICHAEL ADE The local steel industry should look to new markets in the rest of Africa, given existing logistics constraints to servicing external markets

Alternative solution for composite construction

By: Erin Steenhoff-Snethlage 6th July 2018 Construction industry supplier Hilti South Africa’s Hilti X-HVB system – an alternative composite deck shear connector – makes composite construction more convenient and cost effective, says Hilti South Africa head of engineering Christiaan Davel. Composite construction consists of a concrete... →

WELD FREE The Hilti X-HVB shear connector system does not require welding

Africa expansion can boost local industry growth

By: Erin Steenhoff-Snethlage 6th July 2018 With South Africa being under new leadership since Cyril Ramaphosa became president, Alberton-based steel supplier and value-added processing company Allied Steelrode executive director Warne Rippon says that policy direction now finally appears to be heading in a positive and clear direction,... →

WARNE RIPPON Slow and steady is the name of the game for the future of the steel industry

Steel a sustainable choice for building addition

6th July 2018 Knysna-based light steel frame (LSF) construction company Rancor has completed the addition of a 570 m2 second floor to the Kaap Agri building in Paarl, Western Cape. The requirements for the new structure were clear; it had to be cost-effective, comply with building regulations, be acoustically... →

SUSTAINABLE BUILDING Rancor has completed the addition of the second floor to the Kaap Agri building in Paarl

EU countries set for vote on steel import curbs on Thursday

By: Reuters 5th July 2018 European Union countries will discuss and likely vote on Thursday on measures proposed by the European Commission to curb steel imports into the bloc, EU sources said. The Commission has proposed a combination of a quota and a tariff to prevent a surge of steel imports that is threatened, notably... →

KLT’s community partnerships in South Africa recipe for meeting global production standard

By: Anine Kilian 3rd July 2018 India-based automotive component manufacturer KLT Automotive and Tubular Products South Africa plans to add 1 000 people to its 900-strong work force in the next eight years. The company has a major contract with the Ford Motor Company of Southern Africa (FMCSA) for the Ford Ranger, and... →

Moody’s warns of credit implications for Africa as China shifts to consumption-led growth

By: Simone Liedtke 3rd July 2018 China's shift to consumption-led growth will have mixed credit implications for African sovereigns, flattening the trade volumes of oil and ferrous metal exporters, while benefitting other exporters and tourist destinations, Moody's Investors Service said in a report published on Tuesday. "China... →

SA Mint celebrates the CT scan with commemorative crown, tickey coins

By: Simone Liedtke 3rd July 2018 The South African (SA) Mint will celebrate the computed tomography (CT) scan, a medical technology developed by South African-born Allan McLeod Cormack, with the 2018 edition collectible crown and tickey coins. With modern medicine relying heavily on tools for medical diagnosis and imaging... →

The set contains the R2 crown with the reverse depicting a stylised representation of the human head, which indicates the area to be scanned, the denomination, the words ‘Computed Tomography’, and the year ‘1956’

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