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Stainless Steel News

Alert Steel announces turnaround plan after loss widens

By: Petronel Smit     31st March 2011 AltX-listed Alert Steel would seek to raise between R40-million and R50-million from shareholders through a rights offer, negotiate a new debt funding arrangement and restructure its board, in a bid to return the company to long-term stability and sustainable profitability. This comes after the... 

Global stainless steel output hit record high in 2010

By: Loni Prinsloo     7th March 2011 After three years of declining global stainless steel production, output increased by 24,9% in 2010 to a new record of 30,7-million tons, the International Stainless Steel Forum (ISSF) reported on Monday. The ISSF said that the strong recovery was driven by a number of positives including the... 

Davies says discounted iron-ore prices should benefit downstream customers

By: Loni Prinsloo     24th February 2011 Trade and Industry Minister Rob Davies said on Thursday that companies that benefited from discounted iron-ore prices would have to pass on the discount to customers. He said that at least 21,4% of iron-ore output from Kumba Iron Ore’s (Kumba) Sishen mine should be made available at cost plus 3%... 

Steel construction industry denies knowledge of collusion

By: Loni Prinsloo     14th February 2011 The Southern African Institute of Steel Construction (Saisc) said on Monday that it was not aware of any form of collusion in the steel construction industry, as the industry was becoming increasingly more competitive and opportunity for anticompetitive behavior was minimal. This comes after the... 

Rebar shortage could bring projects to a standstill − Sarcea

By: Loni Prinsloo     10th February 2011 A serious shortage of reinforced steel (rebar) may see construction projects throughout South Africa come to a standstill, the South African Reinforced Concrete Engineers Association (Sarcea) has warned. The shortage was caused by a breakdown at ArcelorMittal’s main furnace in Newcastle at the... 

China steel production fell in mid-Jan

By: Reuters     31st January 2011 China's daily crude steel output fell 5,4% to 1,695-million tons in the second ten days of January from the previous ten days, the first fall since mid-October, data from the China Iron & Steel Association showed. Average daily steel production on a ten-day basis has climbed since the middle ten... 

ArcelorMittal’s Basson appointed as Worldsteel DG

By: Loni Prinsloo     20th January 2011 The World Steel Association (Worldsteel) on Thursday announced that ArcelorMittal’s Edwin Basson would succeed Ian Christmas as its director-general in August. If the board formally approves the appointment in April, the South African would head up one of the largest steel associations in the... 

Anglo sells steel units to Australia’s OneSteel for $932m

By: Loni Prinsloo     15th November 2010 Mining major Anglo American (Anglo) it would sell its Moly-Cop and AltaSteel to Australian company OneSteel for $932-million. The two businesses, which are part of Anglo's Scaw Metals, make steel balls and rods that are used to grind up copper and gold ore in the huge rotating mills of mining... 

Mobile surveillance trailers for PE

By: Tracy Hancock     22nd October 2010 The Nelson Mandela Bay municipality (NMBM) will receive full delivery of nine remote surveillance systems, housed in stainless steel trailers worth about R800 000 each, and a mobile control room worth R6-million before the end of October, reports local manufacturer of stainless steel trailers... 

Construction skills shortage benefits stainless steel

By: Tracy Hancock     22nd October 2010 Skills shortages of bricklayers, plasterers and painters in the construction industry have contributed to increased architectural metalwork applications, such as cladding, reports stockist and distributors of stainless steel Euro Steel Cape Town MD Ross Cowing. 

R12m cooling 
project for steel mill

22nd October 2010 Piping solutions company Victaulic and cooling and heat transfer consultancy Evapco have expanded the process cooling systems at the Middelburg, Mpumalanga province, mill of steel producer Columbus Stainless. 

Laser marking for 
stainless steel products  

22nd October 2010 US manufacturer of laser engraving and cutting technology Epilog Laser has taken fibre laser technology and combined it with a flying optics beam delivery system to create the Fibermark laser system for direct metal marking.  

Local company’s 
exports to Africa 
increase

By: Tracy Hancock     22nd October 2010 Stainless steel bolt distribution company Bambalela Bolts reports that the company’s export of stainless steel products to Africa has increased, owing to gaining market share as a result of its high and reliable service level.


Bambalela Bolts MD Tania Williamson says that the women-owned... 

Stainless steel production increases worldwide

22nd October 2010 Stainless steel crude steel production for the first half of the year has increased by 44,3% globally compared with the corresponding period in 2009, indicating a much stronger and quicker-than-expected recovery of the global economy, reports nonprofit research organisation the International... 

Primary local supply expected to increase

By: Tracy Hancock     22nd October 2010 The Southern Africa Stainless Steel Development Association (Sassda) reports that the primary local supply of stainless steel should increase from 91 653 t in 2009 to 114 684 t in 2010.

Discussing the expected consumption statistics for 2010 at its annual general meeting, Sassda said that the... 

New stainless steel bag dump system

22nd October 2010 A new bag dump system from engineering and manufacturing company Flexicon collects dust generated during manual dumping and compaction of bags, conveys bulk material downstream and is constructed of stainless steel, finished to food, dairy, pharmaceutical or industrial standards.  

Global steel production rises to 112Mt in Sept

By: Loni Prinsloo     21st October 2010 The World Steel Association said on Thursday that global steel production in September 2010, was 3,5% higher than that of September 2008, when the global economic crisis started impacting on steel output. The positive recovery trend was mainly driven by Asian, Middle Eastern and certain European... 

Global stainless steel output up 44% on strong economic recovery

By: Creamer Media Reporter      20th September 2010 Global stainless steel crude steel production increased by 44,3% year-on-year in the first half of this year, the International Stainless Steel Forum (ISSF) revealed on Monday. Total stainless steel output rose to 15,6-million tons in the first six months of this year, compared with the... 

ArcelorMittal SA appoints Torlage as CFO

By: Loni Prinsloo     3rd September 2010 Steel producer ArcelorMittal South Africa (AMSA) said that interim acting CFO Rudolph Torlage had been appointed as full-time CFO and executive director of the company on Friday. Torlage had been with the company for the past 20 years, heading a number of different divisions. Over the past five... 

Global steel production almost back to precrisis levels

By: Loni Prinsloo     20th August 2010 World steel production increased by 9,6% year-on-year last month to 114,8-million tons, and is now only 2,1% below pre-economic crisis levels, the World Steel Association reported on Friday. The association said that while most Asian and Middle Eastern countries actually showed higher production... 

ArcelorMittal CFO Verster resigns to join Aveng

By: Loni Prinsloo     23rd July 2010 JSE-listed ArcelorMittal South Africa on Friday announced the resignation of its CFO Kobus Verster, who will join engineering and construction group Aveng as financial director. The steelmaker said that it would appoint its GM of controlling, Rudolph Torlage, as its acting CFO, until the board... 

Diack resigns from ArcelorMittal South Africa board

By: Loni Prinsloo     12th July 2010 JSE-listed ArcelorMittal South Africa said on Monday that Eric Diack had resigned from the company's board of directors. Diack was as an independent non-executive director. According to the ArcelorMittal South Africa website, Diack was appointed as a nonexecutive director in March 2007. 

Global steel output showing a strong upward trend

By: Loni Prinsloo     21st June 2010 The World Steel Association reported on Monday that global steel production increased by 29,1% in May to 124,8-million tons, compared with just over 96-million tons produced in the same month a year earlier. In the first five months of 2010, the associations' figures showed a 29,8% jump in crude... 

Zimbabwe to consider new bids for Zisco with 
focus on smaller firms

By: Barnabas Thondhlana     4th June 2010 The Zimbabwe government has thrown out the six bids for its stake in the Redcliff-based Zimbabwe Iron & Steel Company (Zisco) and is now keen to consider new bids from small to medium-sized steel companies. 

Combustion technology tackles environmental issues

By: Dimakatso Motau     28th May 2010 Designer, manufacturer and supplier of burner equipment and combustion systems for furnaces in the stainless steel industry, The Combustion Group, points to combustion technology available in the industry to improve eco-efficient and cost effectiveness processes and address environmental issues,... 

Trailers for the World Cup

By: Dimakatso Motau     28th May 2010 Local designers and manufacturers of stainless steel trailers Desert Wolf has just completed the manufacturing of two satellite communication trailers for all the 2010 FIFA World Cup stadiums. These are mobile trailers, which can be moved from one stadium to the next throughout the tournament.  

Developing local manufacturers in the tools and fasteners industries

By: Dimakatso Motau     28th May 2010 Industrial supply company Bolt & Engineering Distributors (BED) says that it makes an effort to support local manufacturers and develop skills in the tools and fastener industry. 

Surging price of nickel 
impacts on price of nickel-containing grades of stainless steel

28th May 2010 The past two years have seen some frenetic activity in all commodities with speculation, supply interruptions, surges in demand, currency fluctuations and ballooning stocks having all contributed to an unpredictable market and often inexplicable price movements, says Durban-based manufacturer and... 

Association implements new programme to promote job creation

By: Dimakatso Motau     28th May 2010 The Southern Africa Stainless Steel Development Association’s, (Sassda’s) role is to grow the conversion of stainless steel into finished and semifinished products to create employment, says Sassda chairperson Sampie van Rooyen. 

Project cost management and scheduling tools key

28th May 2010 The synchronised use of project cost management and scheduling tools can significantly enhance the capacity for project success 

World steel output increases 35,7% y-on-y in April

By: Loni Prinsloo     21st May 2010 Global steel production in April was 35,7% higher than a year ago, but 0,4% lower than March, at 121,6-million tons, the Worldsteel Association reported this week. It said in a statement on Thursday that despite the month-on-month decline in output, April's global crude steel capacity use ratio... 

New steel grade boasts 
environmental advantages

By: Lindsey Berry     26th March 2010 A new grade for structural tubular steel, S355, has been launched by the Association of Steel Tube and Pipe Manufacturers of South Africa (ASTPM) and the Southern African Institute of Steel Construction (SAISC).

The S355 grade will replace the previous 300 standard and can contribute positively... 

Stainless steel body aligns programmes 
with South Africa’s new industrial strategy

By: Jacqueline Holman     26th March 2010 The Southern Africa Stainless Steel Development Association (Sassda) is adding value to the stainless steel industry by implementing a number of projects that will align with government’s Industrial Policy Action Plan (IPAP). 

SA solar water heater market set to grow rapidly

By: Jacqueline Holman     19th March 2010 The Department of Energy (DoE) and the Department of Trade and Industry (DTI) believe that the solar water heater market is set to grow rapidly in South Africa and aim to install one-million solar water heaters by 2014. 

Highveld Steel announces new CEO

By: Loni Prinsloo     1st March 2010 South African steel producer Highveld Steel & Vanadium has appointed Scott MacDonald as its new CEO, following the resignation of Walter Ballandino in February. Highveld board chairperson Bheki Shongwe said MacDonald had strong support from the group's majority shareholder, Evraz. 

Highveld Steel CEO to step down

By: Loni Prinsloo     17th February 2010 South African steel producer Highveld Steel & Vanadium's CEO Walter Ballandino has resigned, the group announced on Wednesday. Highveld board chairperson Bheki Shongwe told Engineering News Online that Ballandino would stay on at the steel company untill the end of March.  

Recession-hit metals sector urged to keep foot on artisan accelerator

By: Terence Creamer     15th February 2010 South African steel and engineering companies shed a material 75 000 jobs between March and December last year, after employment reached a ten-year peak of 399 088 in February, 2009, Steel and Engineering Federation of South Africa (Seifsa) CEO David Carson revealed on Monday. Following a period... 

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