https://www.engineeringnews.co.za
R/€ = 17.48 Change: 0.05
R/$ = 14.92 Change: 0.02
Au 1750.56 $/oz Change: -3.73
Pt 987.00 $/oz Change: 3.75
 

Stainless Steel News

Expedited change in stainless steel industry expected

By: Tracy Hancock     29th May 2020 The Covid-19 pandemic will have long-term ramifications, including permanent change in the South African stainless steel industry, Southern African Stainless Steel Development Association (Sassda) acting executive director Michel Basson tells Engineering News. “The stainless steel industry could... 

AMSA welcomes move to Level 3 in nationwide lockdown

By: Simone Liedtke     25th May 2020 Steel company ArcelorMittal South Africa (AMSA) has welcomed the announcement by President Cyril Ramaphosa that the country will be moving to Level 3 in the risk-adjusted approach to the easing of the nationwide lockdown.  At Level 3, AMSA will be able to operate with 100% of its workforce, but... 

Global steel production down 13% y/y

By: Donna Slater     22nd May 2020 World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) decreased by 13% year-on-year to 137.1-million tonnes in April. Africa's output decreased by 55.7% year-on-year to 603 000 t, with South Africa's output having decreased by 99.5%. 

Pandemic, economic challenges to shape industry direction

By: Mamaili Mamaila     22nd May 2020 Industry trends are likely to take a new direction because of the global Covid-19 pandemic and a severely constrained local economy, says steel and value-added steel products merchandiser and distributor Macsteel. 

MIKE BENFIELD 
The construction and steel sectors – including the larger manufacturing industry – are “hand-in-glove”
MIKE BENFIELD The construction and steel sectors – including the larger manufacturing industry – are “hand-in-glove”

Fitch Solutions expects most metal markets to move into a surplus this year

By: Simone Liedtke     13th May 2020 Most metals markets are expected to move into a surplus this year, says research firm Fitch Solutions, noting that consumption is likely to decrease more than the decreases in production capacity, as a result of the spread of Covid-19. Although some operational hurdles, owing to government... 

Organisation calls for govt assistance to ‘reshape’ steel industry post-lockdown

By: Simone Liedtke     17th April 2020 The decision to put South Africa under lockdown as part of its response to Covid-19 “has put further pressure on the steel industry”, says research organisation Trade and Industrial Policy Strategies (Tips). In a policy brief, it elaborates that, depending on the length of the lockdown and the... 

Business is booming for supplier

By: Darren Parker     10th April 2020 Stainless steel vessels and tanks supplier Metal Tank Industries has noted a definite market upswing in the past eight months, particularly in the food and beverage sector, as well as in the industrial sector, in terms of mineral oils, petroleum oils, chemicals and agrochemicals production.... 

MAKING IT WORK
Metal Tank Industries’ streamlined production processes has helped it become more competitive in terms of costing
MAKING IT WORK Metal Tank Industries’ streamlined production processes has helped it become more competitive in terms of costing

Kogi Iron sees ongoing interest in Nigeria-based cast steel project

By: Simone Liedtke     7th April 2020 ASX-listed Kogi Iron is seeing ongoing interest from potential new investors in its Agbaja cast steel project, in Nigeria, where Kogi is starting to see global capital flows to the commodity sector. Owing to the rapid escalation and global impacts of the coronavirus, or Covid-19, Kogi and KCM... 

A location map of Kogi Iron's Nigerian cast steel project.
A location map of Kogi Iron's Nigerian cast steel project.

Fitch Solutions says volatility to continue driving metals prices lower

By: Simone Liedtke     30th March 2020 Research agency Fitch Solutions expects volatility to continue playing to the downside for metal prices in the coming weeks owing mainly to bearish investor sentiment on the back of the widespread Covid-19 pandemic. The agency notes that metal prices started the year on a strong footing as the... 

Fitch Solutions says volatility to continue driving metals prices lower

Stainless steel growth unlikely in 2020

By: Mamaili Mamaila     28th February 2020 The level of activity in the local stainless steel sector’s value chain has dwindled in the past decade, mainly owing to international competition, low steel prices and the slow growth of the local economy. 

FULL OF VIGOR 
Stainless steel is one of the youngest industrial materials globally, managing to positively change people’s lives
FULL OF VIGOR Stainless steel is one of the youngest industrial materials globally, managing to positively change people’s lives

Coronavirus hurts base metals, iron-ore prices

By: Simone Liedtke     5th February 2020 The outbreak and contagion of a new strain of the coronavirus – which began in the Chinese city of Wuhan in December – has contributed to renewed concerns over economic growth prospects, particularly in China. China, which is a major supplier and consumer of base metals as well as a major... 

First group of MSI welder trainees graduate

By: Yvonne Silaule     22nd January 2020 More than 20 aspiring welding entrepreneurs have graduated after completing a training course under the Mpumalanga Informal Welders Recruitment Programme, which was organised by the Mpumalanga Stainless Initiative (MSI), the Small Enterprise Development Agency and the Manufacturing, Engineering... 

Iron-ore demand to slow, while seaborne supply rises 

By: Simone Liedtke     21st January 2020 Slower demand growth, especially in China, and a decent recovery in seaborne supply is expected to continue to feature prominently in the iron-ore industry this year, says global energy, chemicals, renewables, metals and mining research and consultancy group Wood Mackenzie (WoodMac). Prices are... 

World risks 'disaster' as reuse of natural resources declines

By: Reuters     21st January 2020 The proportion of raw materials the world is reusing has fallen, researchers said on Tuesday, warning of a "global disaster" as annual consumption of natural resources rose to 100-billion tonnes for the first time. Just 8.6% of the 100-billion tonnes of materials – including minerals, metals,... 

South African chrome firms warn of more than 1 200 job cuts

By: Reuters     21st January 2020 South African chrome firms on Monday warned of more than 1 200 potential job cuts, citing power cuts, rising electricity tariffs and increased competition from overseas. The potential layoffs highlight the risks posed to Africa's most industrialised economy by struggling state power utility... 

Glencore, Merafe to retrench Rustenburg Smelter employees 

By: Simone Liedtke     17th January 2020 Global miner Glencore Alloys and Merafe Resources have started a Section 189A process. The companies confirmed on Friday that written notice had been given to its employees at its joint venture (JV), the Rustenburg Smelter, in the North West. 

Seifsa welcomes lower repo rate

By: Simone Liedtke     17th January 2020 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has welcomed the South African Reserve Bank’s (SARB’s) decision to reduce the repo rate by 25 basis points, thereby “providing another boost to the stagnant economy”. The federation’s economist Marique Kruger is of the... 

Edenville inks two key coal supply contracts

By: Simone Liedtke     11th December 2019 Aim-listed Edenville Energy has signed two new significant contracts to supply washed coal from the company’s flagship Rukwa coal project, in western Tanzania. The two contracts are for the supply of up to 6 000 t and up to 3 000 t, respectively, of washed coal a month to industrial customers in... 

Heat exchangers market value to grow by 2026

29th November 2019 The global heat exchangers market accounted for revenue of about $16.62-million in 2018 and is anticipated to generate about $29.31-million by 2026, according to a report published by global market research firm Allied Market Research. The market is projected to grow at a compound yearly growth... 

Anglo American joins ResponsibleSteel initiative 

By: Creamer Media Reporter      25th November 2019 Diversified miner Anglo American has become a member of ResponsibleSteel, a nonprofit organisation and the steel industry's first global, multi-stakeholder standard and certification programme. ResponsibleSteel covers the entire steel supply chain, from raw material supply through steel... 

Cloud-based software anchors steel construction design

By: Halima Frost     22nd November 2019 Construction industry services and technology provider Hilti South Africa’s new, fully cloud-based steel anchor design software Profis has been well received in the South African construction sector. Launched in July, Profis Engineering is customised software used in the design of steel anchor... 

HARD JOB
The new cloud-based software makes the design of steel erections, stiffeners and welding associated with the connection easier
HARD JOB The new cloud-based software makes the design of steel erections, stiffeners and welding associated with the connection easier

Welding safety extends to petrochem industry

By: Theresa Bhowan     22nd November 2019 Welding fumes are known to be particularly poisonous and a contaminant to the surrounding air, which is why welding solutions provider Unique Welding focuses on advanced welding safety, particularly in the petrochemicals industry for companies such as integrated chemicals and petrochemicals... 

BREATHING EASY
The powered, air-purifying respirator system not only eliminates welding fumes, but also petrochemical fumes
BREATHING EASY The powered, air-purifying respirator system not only eliminates welding fumes, but also petrochemical fumes

Modular installation systems fitted in abattoir

By: Darren Parker     15th November 2019 Multinational construction services company Hilti designed and supplied the modular installation systems to support wet services for chicken producer Early Bird Farms, in Olifantsfontein. Early Bird Farms has been refurbishing and refitting its operations as part of Project Phoenix, which... 

CRIZETTE VAN DEN BERGH
The modular installation system is beneficial in terms of maintenance because of reduced downtime
CRIZETTE VAN DEN BERGH The modular installation system is beneficial in terms of maintenance because of reduced downtime

MSI launches welders' recruitment programme to boost job creation

By: Yvonne Silaule     30th October 2019 The Mpumalanga Stainless Initiative (MSI) and the Small Enterprise Development Agency (Seda) have launched the Mpumalanga Informal Welders Recruitment Programme. MSI CEO Victor Mashego says the programme will assist welders in rural areas and townships gain access to the market and grow their... 

Correct use of consumables makes a good weld

By: Halima Frost     25th October 2019 Branded welding supplier Unique Welding has significantly upgraded its range of stainless steel consumables to improve weld performance to combat a market flooded with low-quality imported stainless steel welding consumables, Unique Welding CEO Nazmi Adams tells Engineering News. In addition,... 

IMPORTANT ROLE
The welding of stainless steel can be successfully achieved if the welder adheres to the industry rules and standards
IMPORTANT ROLE The welding of stainless steel can be successfully achieved if the welder adheres to the industry rules and standards

Medium-term investment buoying stainless steel industry

By: Halima Frost     25th October 2019 Despite a marked downturn in the global stainless steel industry, there are a few medium-term developments on the horizon for Southern Africa, notes research institute Afriforesight Commodities chief commodity economist Nathan Musson. “There are glimmers of hope in terms of investment in Southern... 

SPARKING INTEREST The stainless steel albeit somewhat stagnant offers a few sparks of investment interest
SPARKING INTEREST The stainless steel albeit somewhat stagnant offers a few sparks of investment interest

New membership structure set for stainless steel sector

By: Halima Frost     25th October 2019 The Southern Africa Stainless Steel Development Association (Sassda) is at a turning point in its history as it gears up for the future with the introduction of a new tiered membership model that will launch in March 2020, says Sassda acting executive director Michel Basson. As opposed to a... 

HOT TOPIC
The restructuring of Sassda’s membership model aligns each member based on individual needs
HOT TOPIC The restructuring of Sassda’s membership model aligns each member based on individual needs

Trio makes for steely supply

By: Halima Frost     25th October 2019 Three of South Africa’s most prominent companies in the stainless steel supply chain are completing a substantial supply to a gold mine in the Southern African Development Community. The project entails the supply of 250 t of grade 2304 stainless steel for the manufacture of ten tanks – the... 

RECOIL
The knock-on effects of local supply were seen across the project in costs and time saved
RECOIL The knock-on effects of local supply were seen across the project in costs and time saved

Govt looking to create 'certainty' in local steel, manufacturing industries 

By: Simone Liedtke     13th September 2019 Public Enterprises Deputy Minister Phumulo Masualle on Friday said the Department of Public Enterprises (DPE) was looking to create “a sense of certainty” in the local steel and manufacturing industries by leveraging investments from State-owned entities (SOEs). This, he told delegates at the... 

Govt looking to create 'certainty' in local steel, manufacturing industries
Public Enterprises Deputy Minister Phumulo Masualle discusses measures being implemented by government to create more certainty for the domestic steel and manufacturing sectors. Video: Kutlwano Matlala; Editing: Nicholas Boyd.

South Africa should focus on the speed at which it adapts to 4IR – Manamela 

By: Simone Liedtke     12th September 2019 While the metals and engineering industries play a key role in preparing South Africa for the opportunities that the Fourth Industrial Revolution (4IR) brings, Higher Education, Science and Technology Deputy Minister Buti Manamela says the department’s focus will be on digital technologies, such... 

Higher Education, Science and Technology Deputy Minister Buti Manamela
Photo by Creamer Media's Dylan Slater
Higher Education, Science and Technology Deputy Minister Buti Manamela

Bushveld receives approval to acquire Vanchem assets

By: Simone Liedtke     29th August 2019 Aim-listed Bushveld Minerals says it has received approval from the Competition Commission of South Africa to acquire the Vanchem assets, without conditions. The transaction currently remains on track to be completed by October 31, and the company is progressing the negotiations with local banks... 

World crude steel production up 1.7% in July

By: Simone Liedtke     28th August 2019 Global crude steel production by the 64 countries reporting to the World Steel Association (worldsteel) increased by 1.7% year-on-year to 156.6-million tonnes in July. China produced 85.2-million tonnes of steel in July, a 5% year-on-year increase. 

Steel tube association’s drive to open new export markets to receive boost

By: Simone Liedtke     26th August 2019 The Steel Tube Export Association of South Africa’s drive to open up more export markets for its members will receive a major boost when it participates in an outward selling mission (OSM) to Australia from September 1 to 7. The association’s CEO Keitumetse Moumakoe will be one of 25... 

Lamergyre says steel alloy plant could create sustainable jobs

By: Simone Liedtke     26th August 2019 The promoters of a proposed stainless and alloy steels plant in the Eastern Cape believe that the greenfield development could support the creation of new jobs in the domestic mining and steel industries. Should it be developed in line with the current concept, Lamergyre Alloy’s vertically and... 

Lamergyre says steel alloy plant could create sustainable jobs

Neasa calls for scrapping of steel import duties

By: Simone Liedtke     6th August 2019 The National Employers’ Association of South Africa (Neasa) has called for the scrapping of steel import duties, which it says is negatively impacting on South Africa’s downstream steel sector. Neasa CE Gerhard Papenfus says primary steel producer ArcelorMittal South Africa (AMSA) is unable to... 

Sassda in transition, creates new membership structure

By: Cameron Mackay     5th July 2019 Owing to the varied benefits which companies obtain as members of the Southern Africa Stainless Steel Development Association (Sassda), the association has created a tiered membership structure. 

GROWTH FROM EXPORTS
Growth in the mining, and food and beverage, sectors for stainless steel, led to consumption in South Africa increasing by 8.6% last year
GROWTH FROM EXPORTS Growth in the mining, and food and beverage, sectors for stainless steel, led to consumption in South Africa increasing by 8.6% last year

Factory of the Year recognises world-class excellence in South African manufacturing

By: Schalk Burger     28th June 2019 Multinational management consulting firm AT Kearney’s Factory of the Year competition recognises world-class excellence and performance in manufacturing and provides participants with a confidential evaluation of their competitive position as part of the assessment of all finalists, says AT... 

3D-printed Factory of the Year trophies
3D-printed Factory of the Year trophies
1 2
3
4 5 6 7 8 9

Latest News

more

Latest Videos

more

Press Office

more

 
RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close