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Metals News

Cape Town Iron and Steel Works officially opened

By: Kim Cloete 30th May 2018 The Cape Town Iron and Steel Works (Cisco) plant has been officially opened in Kuils River, near Cape Town. The plant has created 300 direct and another 120 indirect jobs, with another 200 in the pipeline. Established originally in 1967, the factory was closed by Murray & Roberts (M&R) in 2010,... →

Macron calls for complete overhaul of world trade rules, WTO reform

By: Reuters 30th May 2018 French President Emmanuel Macron urged the world's biggest economic powers to start talks to reform the World Trade Organization (WTO) to prevent current tensions from spiralling into trade wars. "This is about a complete update of global competition rules," Macron said in a speech on... →

Patel to reopen Cape Town Iron and Steel Works plant

By: Marleny Arnoldi 29th May 2018 Economic Development Minister Ebrahim Patel will on Wednesday officially reopen the Cape Town Iron and Steel Works plant (Cisco), in Kuils River, in the Western Cape. →

Economic Development Minister Ebrahim Patel

Manufacturing sector investment to remain stable in Q2 – Manufacturing Circle

By: Anine Kilian 29th May 2018 The Manufacturing Circle Investment Tracker (MCIT) for the first quarter of this year shows there has been investment into the manufacturing sector in the past 15 months, but that investment is declining. Presenting key findings of the MCIT, in Centurion, on Tuesday, Manufacturing Circle... →

Manufacturing sector investment to remain stable in Q2 – Manufacturing Circle

Insimbi achieves higher revenue, gross profit in FY18

By: Simone Liedtke 29th May 2018 JSE-listed Insimbi Refractory and Alloys Supplies will be adding a significant value uplift to its chrome and aluminium businesses when it starts supplying powder-makers with a lower-grade aluminium content powder. It will start taking orders for this product in July, Insimbi CEO Fred Botha told... →

Canada initiates dumping inquiry into steel imports from China, Vietnam and South Korea

By: Reuters 29th May 2018 The Canadian International Trade Tribunal (CITT) said on Monday it has initiated a preliminary dumping inquiry into steel imported from China, South Korea and Vietnam. The tribunal will investigate whether the alleged dumping and subsidizing of "cold-reduced flat-rolled sheet products of carbon... →

AMSA moves to sell stake in Macsteel International for R2.8bn

By: Terence Creamer 28th May 2018 Steel producer ArcelorMittal South Africa (AMSA) announced on Monday that it intended to sell its 50% indirect interest in steel trading and shipping business Macsteel International (MIHBV) to a subsidiary of Macsteel Holdings (MacHold) for $220-million, or around R2.8-billion. The proposed... →

Photo by Creamer Media
AMSA CEO Kobus Verster

Germany's Merkel laments fraying of multilateral order

By: Reuters 28th May 2018 Germany is worried by signs of weakening in the network of multilateral organisations and agreements designed to foster international cooperation, Chancellor Angela Merkel said on Monday. Merkel blamed the fraying of the multilateral order on a "double transition" - the gradual fading of the... →

Global crude steel production increases 4.1% y/y in April

By: Simone Liedtke 25th May 2018 Global crude steel production, as reported by the 64 countries reporting to the World Steel Association (worldsteel), was 148.3-million tonnes – a 4.1% increase compared with April 2017. China’s crude steel production for April was 76.7-million tonnes, an increase of 4.8% compared with April 2017. →

Stronger rand cuts Hulamin's interim earnings

By: Anine Kilian 25th May 2018 JSE-listed Hulamin expects to report a 55% decrease in earnings a share and headline earnings a share to 25c for the six months ended June 30. The company said in a statement on Friday that its profits had been impacted on by the performance of the rand against the dollar and the euro, as... →

EU starts new investigation into steel imports from China

By: Reuters 24th May 2018 The European Commission has opened an investigation into hot-rolled steel sheet piles imported from China to determine whether they are being dumped in Europe, according to a notice in the EU Official Journal on Thursday. The investigation into a form of steel used in construction was launched... →

Coega perfectly poised to participate in lithium-ion battery industry – CDC

By: Simone Liedtke 23rd May 2018 The Coega Special Economic Zone (SEZ) is at an advanced stage of setting up factories that will supply gigawatt factories with manganese, a key ingredient in most lithium-ion batteries. Coega Development Corporation (CDC) business development metallurgic sector manager Sadick Davids says the SEZ... →

India takes US steel tariffs complaint to the WTO

By: Reuters 23rd May 2018 India has launched a complaint against the US to challenge President Donald Trump's tariffs on steel and aluminium, a filing published by the World Trade Organization (WTO) showed on Wednesday. Indian officials told Reuters last month that their government would open a WTO dispute if the... →

Japan, Russia, Turkey bring potential US tariff retaliation to $3.5bn

By: Reuters 22nd May 2018 Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminium, the World Trade Organization said on Tuesday, bringing the total US tariff bill to around $3.5-billion annually. The three countries detailed their compensation claims in... →

Allied Steelrode, seven others join task force to lobby for support of downstream steel industry

By: Marleny Arnoldi 21st May 2018 Steel supplier and processing company Allied Steelrode has affirmed its commitment to an industry representative group the CEO Task Force, which will aid in regenerating the country’s steel sector, through mobilising the downstream industry – which suffers the most when challenges arise in the... →

Allied Steelrode executive director Warne Rippon

Fuchs Lubricant opens new grease manufacturing plant in Gauteng

By: Marleny Arnoldi 16th May 2018 Lubricants specialist Fuchs Lubricants South Africa (Fuchs SA), together with its parent company Fuchs Petrolub, on Wednesday launched a R125-million grease manufacturing plant at its factory, in Isando, Gauteng. The plant will allow Fuchs to manufacture specialty greases for the local market, as... →

Photo by Dylan Slater
Fuchs SA MD Paul Deppe and Fuchs Petrolub CEO Stefan Fuchs

India's Tata Steel posts Q4 profit

By: Reuters 16th May 2018 Tata Steel on Wednesday posted a net profit of 146.88-billion rupees ($2.17-billion) for the quarter ended March 31, aided by a one-time gain. The Indian steelmaker saw an exceptional gain of 113.76-billion rupees in the quarter, which included a gain from the restructuring of its UK pension scheme. →

Some inroads made after ten years of the Industrial Policy Action Plan - Davies

By: Kim Cloete 15th May 2018 Ramping up production in the automotive sector, resuscitating the ailing tooling industry and boosting the clothing, textiles, leather and footwear industries are among successes the government has listed in its review of ten years of the Industrial Policy Action Plan (Ipap). Despite a... →

Government releases its tenth Industrial Policy Action Plan

By: Kim Cloete 15th May 2018 The government has released its Industrial Policy Action Plan (Ipap) 2018, with a sharp focus on deepening industrial development, speeding up radical economic transformation and increasing the ability to produce higher value-added products. Trade and Industry Minister Dr Rob Davies said it was... →

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Trade and Industry Minister Dr Rob Davies

Solidarity announces action plan on US steel, aluminium import tariffs

By: Marleny Arnoldi 14th May 2018 Trade union Solidarity on Monday announced an action plan in response to the decision by the US not to grant the South African steel and aluminium industry exemption from import tariffs on steel and aluminium. →

Platinum surplus to widen; fuel cells seen as key driver for future demand

By: Marleny Arnoldi 14th May 2018 The platinum market will move further into oversupply this year, as production from South Africa remains flat and demand is forecast to contract by 2.5%, the latest Johnson Matthey platinum group metals (PGM) market report states. →

Aurecon partners with EWB-SA for Afrikan Design Innovation workshops

By: Simone Liedtke 11th May 2018 Being able to approach a design challenge with a deep empathy for the final users and without preconceived ideas is a skill that needs to be cultivated when people are still young, says global engineering and infrastructure advisory company Aurecon. It is for this reason that Aurecon continues to... →

The first Afrikan Design Innovation workshop was held on May 5, with the second workshop scheduled to take place on May 12

AMSA liquid steel production increases by 5.9% in Q1

By: Simone Liedtke 11th May 2018 ArcelorMittal South Africa’s (AMSA’s) liquid steel production increased by 5.9% to 71 000 t in the three months ended March 31. The higher output was mainly owing to higher production at its Vanderbijlpark Works and Saldanha Works, which was partly offset by lower long products output following... →

AfriSam anchor sponsor for Fulton Awards

By: Jessica Oosthuizen 11th May 2018 Leading concrete materials supplier AfriSam is the anchor sponsor for the 2019 biennial Fulton Awards, hosted by nonprofit organisation the Concrete Society of Southern Africa (CSSA). According to AfriSam, the event recognises the possibilities that concrete structures create for society and,... →

INNOVATIVE INFRASTRUCTURE The Fulton Awards is an event that honours excellence and innovation in the design and use of concrete

South Africa to continue lobbying US for exemption on steel, aluminium tariffs

By: African News Agency 10th May 2018 South Africa will continue talks with the United States in a bid to get concessions on import tariffs on aluminium and steel, Communications Minister Nomvula Mokonyane said on Thursday. Briefing journalists on the outcomes of Wednesday's fortnightly cabinet meeting, Mokonyane said government was... →

How Trump's steel tariffs kick the can business

By: Reuters 10th May 2018 Dan Vincent is in a bind. The president of Pacific Coast Producers (PCP) plans to use around 700-million tin-coated steel cans this year for tomatoes, peaches and pears from 168 growers here in California. →

Subramanian resigns as AMSA CFO

By: Marleny Arnoldi 8th May 2018 Dean Subramanian will step down as executive director and CFO of ArcelorMittal South Africa (AMSA) on July 31, to pursue an opportunity outside the company. →

Tariff war could derail global recovery – ECB

By: Reuters 7th May 2018 Protective tariffs imposed by the US in recent months have only had a minor impact on the world economy but a significant escalation in tensions could derail the recovery in global trade, the European Central Bank (ECB) said on Monday. Retaliation and a full fledged trade war could increase... →

Hulamin responds to US import tariff, says markets for niche products strong

By: Simone Liedtke 4th May 2018 South Africa’s exclusion from a list of countries exempted from tariffs imposed by the US on steel and aluminium imports should not have an immediate impact on local producer Hulamin, but it has increased long-term risks, the JSE-listed company said on Friday. Hulamin, whose share price has... →

Vanadium market expected to achieve 3.2% CAGR to 2027

By: Nadine James 4th May 2018 Diversified miner Bushveld Minerals expects the vanadium market to expand by a compound annual growth rate (CAGR) of 3.2% between 2017 and 2027, on the back of strong steel demand and a growing energy storage market, Bushveld Minerals CEO and cofounder Fortune Mojapelo said in a webcast on... →

Constrained metal supply could slow battery electric vehicle production rates – Moody’s

By: Marleny Arnoldi 2nd May 2018 Metals supply constraints could slow battery electric vehicle (BEV) production rates in the near term, says ratings agency Moody’s Investors Service. →

South Africa views itself as ‘collateral damage’ in global trade war

By: Terence Creamer 2nd May 2018 Department of Trade and Industry (DTI) believes South Africa has become “collateral damage in the trade war of key global economies” after the country was excluded from a list of countries exempted from tariffs imposed by the US on steel and aluminium imports. While insisting that the country... →

US President Donald Trump

Hulamin chair steps down

By: Simone Liedtke 30th April 2018 Mafika Mkwanazi has resigned as chairperson of aluminium supplier and exporter Hulamin, with effect from April 26. Thabo Leeuw, who has served on the board as an independent nonexecutive director since 2007, has succeeded Mkwanazi. →

Global crude steel production up 4% y/y in March

By: Marleny Arnoldi 25th April 2018 World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.33-million tonnes in March – a 4% increase compared with production for March 2017. →

Trump: 'Very good chance' of a US-China trade deal

By: Reuters 25th April 2018 US President Donald Trump on Tuesday said the US would likely reach a trade agreement with China and that officials from both sides would sit down for negotiations in a few days. China has said it would welcome a visit by US Treasury Secretary Steven Mnuchin, who is seeking to resolve a tense... →

India would file dispute with WTO if US rejects exemption on tariffs – sources

By: Reuters 23rd April 2018 India would lodge a trade dispute against the United States at the World Trade Organisation (WTO) if Washington does not grant it exemptions from higher tariffs on steel and aluminium, three government officials involved in trade talks told Reuters. India recently requested exemptions, arguing... →

Agreement opens way for R1.8bn oil services hub at Saldanha port

By: Terence Creamer 23rd April 2018 A private port terminal operator has been selected to build and operate South Africa’s first offshore supply base (OSSB) at the Port of Saldanha, in the Western Cape. The facility, which will involve investments of R1.8-billion over the coming five years, will provide services to offshore oil and... →

Port of Saldanha

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