R/€ = 17.32 Change: 0.08
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Au 1779.05 $/oz Change: 18.76
Pt 964.50 $/oz Change: 41.50

Stainless Steel

Mittal expansion not premised on export-price viability

By: Terence Creamer     30th March 2006 The decision to raise steel production from Mittal South Africa's mills by two-million tons over the next few years was premised on a de-bottlenecking exercise and on a desire to create greater operational flexibility, the steel producer's first witness to take the stand at the Competition... 

Cabinet backing for phase-out of import-parity pricing confirmed

By: Terence Creamer     29th March 2006 Trade and Industry Minister Mandisi Mpahlwa on Wednesday clarified the contents of a much-debated Cabinet memorandum relating to import-parity pricing (IPP). 

Are we right body to set steel prices, tribunal asks

By: Terence Creamer     25th March 2006 The pressure of presiding over South Africa's first excessive-pricing complaint was apparent for all to see on Friday, when Competition Tribunal members began raising questions over jurisdiction and the appropriateness of their intervention in the setting of a new steel-price regime. The hearing... 

Import-parity pricing not world steel-industry norm - expert witness

By: Terence Creamer     22nd March 2006 The peculiarity of employing import-parity pricing (IPP), or even a basket of international domestic prices, as the basis for computing domestic steel prices in the South African market, came to the fore on Wednesday at the Competition Tribunal hearing, which has been convened to hear a complaint... 

Mittal's complex rebate system probed at hearing

By: Terence Creamer     20th March 2006 Mittal Steel South Africa's convoluted and complex system of price rebates and discounts again came under the spotlight on Monday at the Competition Tribunal hearing being held to consider a complaint of alleged excessive pricing and inducement abuse by the steel giant. The case was referred... 

Price formula dispute at root of Mittal, DTI deadlock

By: Terence Creamer     16th March 2006 Disagreement over the appropriateness as well as the make-up of a basket of international domestic steel prices to be used as the benchmark in setting South African prices, lay at the root of the current deadlock in talks between Mittal Steel South Africa and the Department of Trade and Industry... 

Mittal says dual-pricing system is a business imperative

By: Terence Creamer     15th March 2006 The ability of South Africa's largest steel producer to make 'reasonable returns' under a hypothetical scenario where it was disallowed from charging higher prices on flat steel to domestic customers compared to those charged in the export market, emerged as a central theme in opening arguments... 

Steel major will endeavour to buy local as it gears up to invests R8,9bn

By: Terence Creamer     10th March 2006 Steel producer Mittal Steel South Africa, part of the world’s largest steel company, says it is committed to incorporating as high a level of local content as possible as it moves to implement its R8,9-billion capital expenditure plans. 

Steel company embarks on diversification strategy

By: Laura Tyrer     3rd March 2006 Prominent supplier of tool, engineering and stainless steel to the South African industry, Swiss Steel International South Africa is horizontally diversifying its portfolio with the recent acquisition of ThyssenKrupp VDM SA. 

SA steel sector expected to deliver the goods

By: Laura Tyrer     3rd March 2006 Plans for extensive capital expenditure on infrastructure development projects, due to be implemented over the next decade, have cast doubt on the capacity of the South African steel industry’s ability to execute these projects. The South African Institute of Steel Construction (SAISC),... 

Alliance partnerships pave the way for expansion and growth

By: Laura Tyrer     3rd March 2006 As the largest privately-owned structural steel company in South Africa, Cosira is stimulating competition and safeguarding local industry by forming alliance partnerships in various regions throughout the country. 

Financier helping steel sector to gear up for expenditure programmes

By: Laura Tyrer     3rd March 2006 Self-financing national development finance institution, the Industrial Development Corporation (IDC) is particularly focused at present on job creation and development with regional development focuses. 

The end of import parity pricing?

By: Laura Tyrer     3rd March 2006 The dissatisfaction that has raged over import parity pricing (IPP) in certain sectors of South African industry, notably the steel industry, may be reconciled after government’s resolve to phase out the controversial pricing practice. 

R9bn capex programme proceeding smoothly

By: Laura Tyrer     3rd March 2006 South Africa’s largest steel producer Mittal Steel South Africa says its R9-billion capital expenditure (capex) programme is proceeding according to plan with the completion of the main water treatment plant at the corporation’s Vanderbijlpark plant. 

China driving world steel industry

By: Laura Tyrer     3rd March 2006 China’s rapidly-expanding steel market, which has been lauded as a cure for the world’s ailing steel industry, could represent a double-edged sword should demand fail to live up to increasing capacity expansions. 

Local steel market disappoints . . .

By: Laura Tyrer     3rd March 2006 ...but future demand looks promising 

BEE firm on track with R32m contract

By: Nelendhre Moodley     3rd March 2006 Established in 1996, Seven Steel Services reports that its black economic-empowerment status is the springboard to increased work opportunities and despite having only one female onboard, the company, nevertheless, consists of a workforce with a 90 % previously-disadvantaged background. 

Innovation rather than cheap inputs to underpin aluminium reroller's growth strategy

By: Terence Creamer     3rd March 2006 The creation of an independently listed aluminium reroller through the unbundling of Hulett Aluminium (Hulamin) from the larger Tongaat Hulett group is unlikely to be the first stage in the development of a vertically-integrated aluminium company in South Africa. What it could herald, though, is... 

World steel output up 5% y/y in January

22nd February 2006 World crude-steel production for January increased by 5% year-on-year to 95-million-metric tons (mmt), the International Iron and Steel Institute (IISI) said in a media statement. 

SA gold-miners prepare for steel-price showdown

By: Terence Creamer     21st February 2006 Lawyers and experts for gold-miners Harmony and DRDGold are finalising their arguments ahead of a Competition Tribunal hearing into their allegations that South Africa's leading steel producer, Mittal Steel, is engaging in “excessive pricing” in the domestic market. The hearings,... 

Mittal SA expected to post slightly stronger year earnings

By: Liezel Hill     8th February 2006 Indications are that South African steelmakers saw a reasonably strong December quarter and stable 2005 financial year, despite lower international steel prices and rising input costs. Highveld Steel and Vanadium, currently the object of a bidding war between a number of international players,... 

New PoA sheds little light on input-pricing issue

By: Terence Creamer     2nd February 2006 Government has confirmed that it is intensifying consultations with stakeholders regarding the continued use by key primary sectors, particularly the metals and chemicals, of the controversial import-parity pricing (IPP) mechanism 

First tender for stadium seating attracts interest

By: Helene Le Roux     27th January 2006 The local manufacturing industry has received the first enquiries for spectator seating at the 2010 soccer World Cup, which will be hosted in South Africa. 

Cabinet backs plan to end import-parity pricing

By: Terence Creamer     27th January 2006 The South African Cabinet resolved late last year to pursue a policy that seeks to phase out the controversial practice of import -parity pricing (IPP), employed by a number of large resources-linked businesses, most notably the steel sector. 

'Mbeki should announce phase out of import-parity pricing'

By: Liezel Hill     26th January 2006 Industrial development corporation (IDC) chief economist Lumkile Mondi said yesterday that he hopes to see a “bold” announcement on the phasing out of import-parity pricing (IPP) to emerge from President Thabo Mbeki's State of the Nation address, taking place next Friday. 

Catalytic-converter growth to boost pipe and tube industry

By: Laura Tyrer     20th January 2006 The Southern Africa Stainless Steel Development Association (Sassda) views the current threat to the South Africa’s catalytic converter industry as a potential opportunity for growth, provided that sufficiently-attractive incentives are offered to raise the substantial investment that this... 

Cabinet backs plan to end import-parity pricing

By: Terence Creamer     17th January 2006 The South African Cabinet resolved late last year to pursue a policy that seeks to phase out the controversial practice of import -parity pricing (IPP), employed by a number of large resources-linked businesses, most notably the steel sector. It is understood that the decision will be... 

Downstream users say Columbus' cutbacks have hurt

By: Terence Creamer     9th December 2005 South African stainless-steel producer Columbus has blamed an inventory build-up, lower world prices, a semifinished-product glut, dampened domestic demand on the back of a stronger domestic currency and delays in key public-infrastructure projects for some significant cutbacks in the second half... 

Steel merchant hits back at excessive-pricing claim

By: Terence Creamer     9th December 2005 South African steel merchant Macsteel has strongly countered allegations by barbecue manufacturer Cadac - carried in the November 4-10 edition of Engineering News - of unfair and discriminatory pricing in the domestic market. 

Mittal details R9bn capex plans

8th December 2005 Steel-maker Mittal Steel South Africa yesterday briefed contractors and suppliers on the various projects Mittal Steel South Africa needs for its R9-billion capital expenditure programme to increase its production by 2,5-million tons a year. 

Local steel-cladding panels installed on Irish project

25th November 2005 Vitreous-enamelled (porcelain) steel-cladding panels, produced locally by Vitrex, are being installed on a new prestige project in Ireland. 

SA steel fabricator completes R200m Middle East project

By: Mariaan Webb     25th November 2005 This year marked the completion of the R200-million structural steel contract for one of South Africa’s largest steel fabricators, Genrec, a Murray & Roberts company, which constructed the new Sports Hall at the Khalifa sports city in Doha, Qatar. 

New business model boosts firm’s commercial success

25th November 2005 By employing a different business model for its structural-steel business within the general commercial sector, Cosira’s Cheetah Team has increased its shareholding in this highly-competitive arena. 

Steel’s innovativeness taking construction industry by storm

By: Mariaan Webb     25th November 2005 As time and money are critical factors in the construction industry, innovative uses of structural steel in commercial and industrial applications are being implemented to overcome industry challenges. 

Opportunities galore for steel-framing technology

By: Mariaan Webb     25th November 2005 Lightweight steel-framing technology first emerged in the US during the 1950s, in a response to a similar array of issues as those currently affecting South Africa – productivity, quality control and availability of skilled trade labour. 

Big project portfolio for BEE steel supplier

By: Mariaan Webb     25th November 2005 One year after the opening of black-empowered Shosholoza Steel’s Kwazulu-Natal branch in Richards Bay, the company is well positioned to be a main steel supplier in one of South Africa’s fastest-growing industrial areas. 

Good times ahead

25th November 2005 Institute predicts bumper period for steel construction sector 

Tata hopes to start building SA ferrochrome plant in Jan

By: Terence Creamer     22nd November 2005 Despite being somewhat disappointed about the extended time it had taken to clear South Africa's environmental hurdles, Indian giant Tata Steel expects to begin construction of a new R600-million high-carbon ferrochrome smelter in Richards Bay, Kwazulu-Natal, in January. 

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