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Steel Construction and Cladding

Iscor earnings rise as Saldanha recovers

14th January 2003 South Africa's largest steel maker, Iscor, said today its interim headline earnings per share rose sharply and said it expected dollar earnings to remain at the same level in the second half. 

Iscor earnings seen up on prices, demand

10th January 2003 South African steel group Iscor is seen posting a sharp increase in first-half earnings next week, buoyed by higher steel prices and demand and a big contribution from its Saldanha mill, analysts said yesterday. 

Saldanha Steel set to produce 1,3mt/y

6th January 2003 Saldanha Steel, Iscor’s state-of-the-art steel mill on South Africa’s west coast, reached a new monthly production record of 106132 tons for December - Iscor is also confident that the plant is set to breach its nameplate capacity of 1,2-million tons a year. 

LNM says auto sector is to benefit from its bigger Iscor stake

13th December 2002 The world’s second-largest steel producer LNM – which yesterday made a $175-million offer for 12,19% of Iscor’s share capital – says the deal will ensure a greater level of access by Iscor to its latest-generation steel making technology, which will be of particular... 

Planning needed for construction boom

By: Deborah Spicer     13th December 2002 Structural engineering and contracting firm DSE is asking project managers for the large projects that are expected to begin in a year or two to develop a master plan among themselves or advise companies of their construction requirements well in advance. 

South African giant responds to criticism over steel prices

By: Terence Creamer     13th December 2002 South Africa’s leading steel producer, Iscor, has been experiencing an extremely powerful recovery over the last year. However, some critics argue that this has been at the expense of its South African customers. Iscor responds. 

Car manufacturer aims to double production, increase local content

By: candice haase     6th December 2002 Engineering News offers its condolences to the Wessels family on the untimely passing of Bert Wessels, whom this news magazine had come to love and respect. 

Columbus expansion contracts are to be awarded soon

By: Martin Zhuwakinyu     6th December 2002 Steel maker Columbus Stainless says contracts for the new cold-rolling mill it is to build at its Middelburg complex, in Mpumalanga, will be awarded before the end of the year. 

LNM claims $175m Iscor offer will benefit auto industry

By: Terence Creamer     4th December 2002 The world’s second-largest steel producer LNM – which yesterday made a $175-million offer for 12,19% of Iscor’s share capital – says the deal will ensure a greater level of access by Iscor to its latest-generation steel making technology, which will be of particular... 

Local irrigation systems exported to Iraq

By: Helene Le Roux     29th November 2002 In a project funded by the United Nations (UN), a South African company’s locally-manufactured quick-coupling agricultural irrigation systems are being used to make Iraq’s arid farmlands bloom. 

Exhaust component manufacturer to triple output by the end of next year

By: Helene Le Roux     29th November 2002 The local division of the global Bosal Group, a major manufacturer of exhaust systems in the world, will be trebling its manufacture of South African stainless steel exhaust components by the end of next year. 

Increased exports possible

By: Helene Le Roux     29th November 2002 Kenny van Rooyen, commercial manager for the Bosal Group’s South African division, Bosal Afrika, says the good quality and current competitive price of South African stainless steel manufacturing presents a window of opportunity for increased exports. 

Component maker warns on SA raw material prices

By: Helene Le Roux     29th November 2002 After a presence of more than half a century the South African-bred automotive component manufacturer with global standing, Bosal, is reaffirming its commitment to the country by investing in its local operations – with one big caution: keep your raw material prices right. 

IDC's Ngqula appointed new Iscor chairperson

26th November 2002 Khaya Ngqula, president and chief executive officer of the Industrial Development Corporation (IDC), the South African Government’s development agency, has been appointed the new chairman of Iscor Limited today, following the retirement of Warren Clewlow, the company’s current chairman. 

R26m pig-iron granulation plant commissioned

By: Zonika Botha     22nd November 2002 Smelting technology and equipment specialist, Pyromet Technologies, has successfully commissioned South Africa’s first pig-iron granulation plant at Saldanha Steel’s west-coast flat-sheet products factory. 

Talks on tooling fund continue

By: Martin Czernowalow     12th November 2002 Discussions regarding the period of Iscor’s contribution to, as well as the administration and management of the Automotive Tooling Fund are still in progress, the South African steel giant tells Engineering News Online. 

Competition body’s steel probe heats up

By: Terence Creamer     8th November 2002 Competition Commission officials this week visited Durban Roodepoort Deep’s (DRD) Blyvoor mine, as the probe into allegations made by gold miners Harmony and DRD of excessive pricing by steel giant Iscor intensifies. 

Saldanha set to breach 1,25m t/y capacity

8th November 2002 Steel producer Iscor has confirmed that capital expenditure at its state-of-the-art Saldanha Steel mill was forecast at R155-million for the 2002/03 financial year. 

Steel giant offers R125/t for auto tooling fund

By: Terence Creamer     25th October 2002 South Africa’s leading steel company, Iscor, has offered to contribute R20-million a year towards the development of the secondary steel industry in South Africa as part of an innovative pricing proposal to the automotive industry. 

Stunning results from steel group

25th October 2002 South African steel group Iscor reported better-than-expected first-quarter results on Thursday, thanks to stronger steel prices and a fully ramped up Saldanha plant, and its shares set a year high. 

Nigeria extends bids deadline for steel plants

23rd October 2002 Nigeria said on Monday it had extended the deadline for international steel producers to express interest as core investors in its three inland steel rolling plants. 

Global steel body unhappy with pace of reform

23rd October 2002 The board of directors of the International Iron and Steel Institute (IISI) expressed its disappointment with the lack of progress on negotiating a subsidies code for the steel industry, when it met in Rome for an annual conference recently. 

Three join gold miner in steel-price fight

By: Joanne Delaurentis     22nd October 2002 Three other companies have joined Harmony Gold Mining, supported by Durban Roodepoort Deep, in a case against Iscor launched with the Competition Commission. 

Steel fabricator is to target heavy-pressure-parts market

By: Deborah Spicer     18th October 2002 West Rand firm Headline Engineering South Africa has been operating the formerly Steinm 

Steel mill in R340m coke-oven repair

By: Martin Zhuwakinyu     18th October 2002 Iron and steel maker Iscor is spending R340-million on a project to repair coke ovens at its Newcastle long-steel products plant, aimed at reducing or replacing the company’s coke imports of about 130 000 t/y. 

Oil giant starts Nigeria oil project

18th October 2002 Oil major Exxon Mobil has started construction of its Erha deepwater development offshore Nigeria, the company said on Wednesday. 

Steel giant offers R125/t for auto tooling fund

By: Terence Creamer     17th October 2002 South Africa’s leading steel company, Iscor, has offered to contribute R20-million a year towards the development of the secondary steel industry in South Africa as part of an innovative pricing proposal to the automotive industry. 

US trade panel nixes duties on cold-rolled steel

17th October 2002 The US International Trade Commission on Wednesday voted for the second time in the past few months to deny the US steel industry's request for additional duties on imports of cold-rolled steel. 

Exchange rate, buoyant mining industry sees market conditions improve – for now

By: nkolola halwindi     11th October 2002 Market conditions for the rationalised fasteners industry have been reasonably buoyant and have improved from three years ago, observes CBC Fasteners MD Rob Pietersma. 

Steel price surge endangering exports, says company

By: nkolola halwindi     11th October 2002 The escalating prices of steel, with an about 42% increase in just nine months, has not only increased the cost of production, but has also resulted in the cancellation of some export deals, laments Nedschroef Johannesburg MD Peter Swanson. 

Still long way to go in steel-price case

By: Joanne Delaurentis     11th October 2002 The investigation into the complaint against Iscor that was launched with the Competition Commission by Harmony Gold Mining and supported by Durban Roodepoort Deep, could take anything between a month and a year to be carried out, reports Competition Commission spokesperson Karin Coode. 

What auto component makers need from the MIDP

By: Martin Creamer     11th October 2002 Import price parity in steel and aluminium is threatening the competitiveness of local manufacture and the government is urged to act 

Steel price surge endangering fastener exports

By: nkolola halwindi     11th October 2002 The escalating price of steel, with an about 42% increase in just nine months, has not only increased the cost of production, but has also resulted in the cancellation of some export deals, laments Nedschroef Johannesburg MD Peter Swanson. 

German torch test yields positive results

By: candice haase     4th October 2002 A local supplier of welding equipment has tested a German torch at a local automotive manufacturer with success. Johannesburg-based Weld-Cut Equipment, which has the exclusive right to distribute Team Binzel Industries (TBI) torches to the South African market has had positive feedback from the... 

Local company manufactures semiautomatic armature welding machine

By: candice haase     4th October 2002 To cut the costs associated with importing overseas manufactured semiautomatic armature welding machines, state-owned rolling-stock company Transwerk’s Cape Town operation commissioned Argon Arc Welding Supplies to design and manufacture a tungsten inert gas (Tig) armature welding machine... 

New range of gases for welding applications

By: candice haase     4th October 2002 Using the formula developed and commercialised by its US-based parent company Air Products South Africa introduced its new range of premier gases for welding applications, called Maxx Gases, to the local market at the beginning of this month. 

World steel industry gathers next month

27th September 2002 The 36th annual conference of the International Iron and Steel Institute (IISI) will be held in Rome, Italy from October 6 to 9. 

Steel maker fined over share trading

27th September 2002 The Johannesburg stock exchange said yesterday it had fined giant steel producer Iscor R200 000 ($19 000) for failing to disclose share dealings by its director Lakshmi Mittal on time. 

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