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Stainless Steel

SA domestic steel sales showing real strength

By: Helene Le Roux     18th August 2006 South Africa is on the way to setting new records for carbon-steel sales. 

Abramovich completes purchase of 41,3% of Evraz

By: Bloomberg     10th August 2006 Roman Abramovich, Russia's richest man, bought 41,3% of Evraz Group SA, the country's biggest steelmaker, as mergers accelerate in the world's fourth-biggest supplier of the metal amid rising prices. 

R1,1bn Coega stainless offset gets enviro green light

10th August 2006 A proposed R1,1-billion stainless-steel precision strip mill for the Coega Industrial Development Zone has received environmental authorisation from the Eastern Cape's Department of Economic Affairs, Environment and Tourism, the Coega Development Corporation (CDC) reports in a statement. 

SA steel prices won't rise again in September, but outlook uncertain

By: Terence Creamer     2nd August 2006 South African steel prices would not rise again in September, after successive increases in July and August, despite a positive steel-price outlook elsewhere in the world and extremely strong domestic demand, Mittal Steel South Africa CEO Davinder Chugh told Engineering News on Wednesday.... 

Mittal says R9bn capex excludes mine projects

By: Terence Creamer     2nd August 2006 Africa's largest steel producer, Mittal Steel South Africa, defended its decision to retain its dividend at three times cover despite its cash-pile rising to R6-billion, partly by stressing that its already-confirmed R9-billion capital-expenditure programme to 2010 excluded possible expenditure... 

Highveld expects domestic steel demand to strengthen

By: Terence Creamer     27th July 2006 South Africa's second-largest steel producer and the world's largest vanadium producer announced a sharp fall in headline earnings to R401-million for the six months to June 30, compared with its record R1-billion for the corresponding period last year. 

South African steel prices set to rise again in August

By: Terence Creamer     21st July 2006 After a brief hiatus in 2005, South Africa’s domestic steel prices are back on the rise. 

Development boom highlights industry challenges

By: Amy Heydenrych     14th July 2006 With industrial development booming and exciting projects on the horizon, the South African steel industWith industrial developmentbooming and exciting projects on the horizon, the South African steel industry needs to address a number of issuesto ensure that it runs smoothly duringa time when... 

Institute celebrates half-century of service

By: Amy Heydenrych     14th July 2006 This year, promoter of the health and wealth of the steel construction industry, the Southern African Institute of Steel Construction (SAISC), celebrates its 50th anniversary. Twenty five of these years have seen the commencement and success of Steel Awards, a competition recognising excellence... 

Eskom capex programme boosts specialised-steel demand

By: Amy Heydenrych     14th July 2006 With national power upgrades reaching frenzied proportions, companies across the board are feeling the positive effects of a pressing demand for a range of related products. 

New flow-control technology for local firm

By: Amy Heydenrych     14th July 2006 With a steely resolve to keep its services up to date with international trends and optimise costs, LTM Mulondo Holdings has invested in sourcing new flow-control technology. This technology will primarily serve the steel and foundry business in South Africa. 

Sophisticated equipment for the steel industry

14th July 2006 Cape Town based Petrel Engineering has developed and manufactured sophisticated refractory relining machines for RHI- world leader in the supply of refractory material for the steel producing industry. ? 

Evolution of a brand

By: Amy Heydenrych     14th July 2006 As of 1 April 2006, VAE’ s corporate identity changed. David Marite, CEO of VAE, officially explains the strategy behind the brand change. The VAE logo will be featured under the umbrella logo voestalpine, as the recognised worldwide product logo. 

Swing-arm sampler supplied to iron-ore terminal

14th July 2006 Local firm Multotec Process Equipment secured the order to supply a sophisticated swing arm sampler for the ship loading facility at Saldanha. 

‘Earnings down but outlook strong’

14th July 2006 Local manufacturer Mittal Steel South Africa reported headline earnings for the quarter ended 31 March 2006, of R684 million. This is a 21% decline in headline earnings when compared to the previous quarter and a 57% decline when compared to the corresponding period last year. 

Winners of sustainable housing competition are announced

By: Amy Heydenrych     14th July 2006 Global industry body Living Steel last month announced the winners of its international competition for sustainable housing at the UN-Habitat World Urban Forum lll. 

New range of pins and collars

14th July 2006 Fasteners specialist Springset, a division of Bearing Man, has launched a new range of locally manufactured Lock Bolt pins and collars, which meets stringent quality and safety specifications. 

Rebranding into the future

14th July 2006 Stockholding and logistics capability, leveraged by combined expertise tracing back a century, has placed NJR Steel holdings in a strong position to support customers in taking advantage of current and future market trends. 

Market still riding Chinese, Indian growth

By: Amy Heydenrych     14th July 2006 According to the International Iron and Steel Institute (IISI), world crude steel production increased by 5,9% in 2005, to reach a total of 1129,4-million metric tons (mmt). While crude steel production has registered, on average, a 2% yearly growth rate over the past two or three decades, the... 

Global, local pressures squeeze firms

By: Colleen Smith     14th July 2006 South Africa has developed a strong steel industry as part of the strategy to be self sufficient in key sectors. 

Steel imports on the increase

By: Amy Heydenrych     14th July 2006 Imports of primary carbon and alloy steel products totaled 112 000 metric tons in the first quarter of 2006, the South African Iron and Steel Institute (Saisi) reports. 

Report indicates uptick in commitment to sustainable development

By: Amy Heydenrych     14th July 2006 The International Iron and Steel Institute (IISI) recently published its second sustainability report of the world steel industry. 

Domestic sales soar

By: Amy Heydenrych     14th July 2006 In its June 2006 report, the South African Iron and Steel Institute (SAISI) states that domestic carbon steel sales totalled 1,235 million metric tons in the first quarter of 2006. This marks a 25,2% increase when compared to the first quarter of 2005. 

SA steel prices set to rise again in August

By: Terence Creamer     11th July 2006 Africa's leading steel producer, Mittal Steel South Africa, has released details of yet another set of price increases from August 1, following hot on the heels of the average 5,4% flat-steel increase effective July 1. The July increase was the first broad-based price rise announced by the group... 

Argent hits R1bn target, growth to continue 'unabated'

By: Nicola Mawson     27th June 2006 JSE-listed steel merchant Argent Industrial has hit the R1-billion turnover mark, despite a period in which it says it experienced 'depressed' steel prices, and is targeting further growth. 

Mittal denies SA exit plan, seals Arcelor deal

By: Nicola Mawson     26th June 2006 The world's largest steel manufacturer, Mittal Steel, on Monday denied rumours that it will sell Mittal Steel South Africa as part of the deal to merge with Arcelor. Corporate communication manager Paul Weigh says there is no truth to the rumour. "We firmly deny this rumour and it couldn't be... 

Stage set for yet more cases of excessive pricing?

By: Terence Creamer     23rd June 2006 A leading South African lawyer, with significant competition-law experience, believes excessive-pricing complaints are likely to become more prevalent, but admits that the domestic competition authorities may need augmented powers to deal effectively with such abuses. 

Domestic steel sales rose in Q1 along with imports

By: Terence Creamer     20th June 2006 Domestic carbon steel sales rose to 1,2-million tons in the first quarter of 2006, a year-on-year increase of 25,2%, the South African Iron and Steel Institute (Saisi) reports. 

Competition body to allow some changes to steel-price remedy

19th June 2006 The Competition Tribunal has granted gold miners Harmony and DRDGold leave to partially amend the relief sought in their excessive-pricing complaint against Mittal Steel South Africa, but refused to allow a specific amendment relating to the breaking up of the Macsteel International Holdings BV... 

Broad-based steel-price increase set for July

By: Terence Creamer     16th June 2006 Africa’s largest steel producer, Mittal Steel South Africa, which raised prices on only 11% of its flat-steel product line as from June 1, is poised to introduce a far broader increase next month, Engineering News can report. 

Africa's largest steel producer sets ambitious local-sales target

By: Helene Le Roux     16th June 2006 South Africa’s main steel producer Mittal Steel’s aim is to become an even stronger force in the domestic market, supplying up to 75% of its production to the local market and 90% to the African market. 

Repeal of steel protection could hurt if market slumps

By: Helene Le Roux     16th June 2006 South Africa’s decision to repeal the 5% import duty on steel could come back and bite it when the international steel market slumps. 

Mittal confirms July steel-price increase

By: Terence Creamer     2nd June 2006 Africa's largest steel producer, Mittal Steel South Africa, has denied industry reports that it had implemented a broad-ranging steel-price increase earlier this week, but confirmed that prices had increased on the equivalent of 11% of its flat-steel product line as from June 1 and that a broader... 

Bright future for local stainless steel

By: Matthew Hill     2nd June 2006 Attractive opportunities if problems are overcomee. The South African stainless steel industry is alive and well, boasting a promising future, South African Stainless Steel Development Association (Sassda) MD Dr Oliver Damm tells Engineering News in an exclusive interview. However, he reports... 

Automotive sector to grow stainless steel consumption

By: Matthew Hill     2nd June 2006 The Department of Trade and Industry (DTI) is currently reviewing its Motor Industry Development Program (MIDP), and plans to have the review process completed by the end of the year. 

Stainless steel vendor unveils empowerment deal

By: Matthew Hill     2nd June 2006 One of South Africa’s biggest stockists and distributors of stainless steel and metal products, Euro Steel, has sold a 25,1% stake of its business to the black economic-empowerment (BEE) group, Isitali consortium, for an undisclosed amount. 

Flexible-couplings industry needs foreign investment

By: Matthew Hill     2nd June 2006 The automotive industry is reportedly the biggest consumer of stainless steel in South Africa, mostly using the wear-resistant steel for catalytic converters. 

‘Empowerment is of utmost importance’

By: Matthew Hill     2nd June 2006 Broad-based black economic empowerment (BBBEE) is of utmost importance in addressing transformational challenges in the stainless steel industry, says Kulungile Metals group marketing executive director Shima Nokaneng in an exclusive interview with Engin-eering News. 

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