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Steel wars

By: Terence Creamer     3rd May 2002 Enron aside, the biggest international business story of 2002, without doubt, has been the state of global steel. 

The ‘realpolitik’ behind the Iscor unbundling

By: Terence Creamer     3rd May 2002 For Industrial Development Corporation (IDC) CE Khaya Ngqula, steel has been a foremost priority since he joined the development finance institution in 1997. 

Iron-ore deal boosts steel company

2nd May 2002 The iron-ore procurement deal struck during the unbundling of South African steel company Iscor last year is beginning to show through on the company’s financial results, despite the inclusion of an operating loss from Saldanha Steel. 

Stainless firm forecasts better prices

29th April 2002 The world’s third-largest stainless steel maker AvestaPolarit says stainless prices were likely to rise in the near term. 

R65m rail wagon export to Mauritania

26th April 2002 A division of Johannesburg-based Dorbyl, RSD, will start work shortly on a R65-million contract signed with SNIM, of Mauritania, for the design, manufacture and commissioning of 150 iron-ore wagon bodies. 

Foundry group reports good growth

19th April 2002 Foundries group Ozz has, over the last 60 years, acquired extensive expertise in the manufacture of wear-resistant materials. 

Integration of metal manufacturing facility completed

By: vanessa vasques     19th April 2002 Manufacturing and engineering specialist Andrew Mentis, of Johannesburg, has completed the integration of its new expanded metal manufacturing facility. 

Motor industry to fuel growth of SA foundries

By: Zonika Botha     19th April 2002 First established in South Africa in 1948 for export purposes, the British Metal Corporation (BMC) today predominantly imports noble ferro alloys and minor metals, which are not produced here, for use by the local foundry and steel industries, MD Nick Trollip reports. 

Drives project for port tippler

By: Martin Zhuwakinyu     19th April 2002 South African Port Operations, a division of transport parastatal Transnet, is to replace the apron feeder drives at the iron-ore terminal tippler at the port of Saldanha, which it says are so old that spares are no longer available. 

Foundry with rare flair wins world recognition

By: Martin Creamer     19th April 2002 Thos Begbie is a company with rare expertise. The historic South African foundry, which turns 115 years old this year, is one of only two in the world – the other being in the US – that has the ability to produce high-tonnage copper castings, while still retaining optimum levels of... 

Global steel talks resume today

18th April 2002 The South African government will join more than 38 nations in Paris today when the Organisation for Economic Cooperation and Development (OECD) hosts a meeting designed to continue work on improving the conditions in world steel markets and to confirm the directions of their future work. 

SA steel group in successful rights issue

16th April 2002 Steel firm Iscor announced the successful conclusion of its rights offer in which the company raised R1,67-billion in additional capital. 

Sharp rise in US exports forecast by blade maker

By: Deborah Spicer     12th April 2002 The largest industrial-blade manufacturer in the southern hemisphere, W Fearnehough of the East Rand, could see a large increase in the tonnage of blades that it exports to the US if interest in its wood-veneer knife translates into the significant orders that the firm expects it to. 

High-flying entrepreneur still investing hundreds of millions in South Africa

By: Marius Roodt     12th April 2002 A company which today supplies one in every five vehicle exhausts sold in the world had humble beginnings right here in South Africa – and this year it will plough another R330 million into its South African operations. 

Window of opportunity widens for local manufacture

By: Marius Roodt     12th April 2002 A window of opportunity is widening in South Africa, Bosal CEO Karel Bos tells Engineering News in an exclusive interview. 

Local firm in mould-powder breakthrough

By: Joanne Delaurentis     12th April 2002 Local mould flux manufacturer Thermochem is now able to compete on par with its large international competitors in the supply of spray-dried granules used by international steel manufacturers in the steel-making process, following its acquisition of a large spray drier plant, reports MD Gerbrand... 

Free trade is not fair trade

5th April 2002 South Africa was spared from the US imposition of steel tariffs in March. South African steel exporters will be affected by the tariffs, even though our steel exports to the US are small. 

Steel firm welcomes competition decision

5th April 2002 Steel firm Iscor welcomed the reasons given by the South African Competition Tribunal that allows the merger between Saldanha Steel and Iscor to proceed. 

Chilean steel makers vow to continue fight for protection

2nd April 2002 Chilean steelmakers lamented a domestic decision against safeguard duties on steel imports and vowed to keep fighting to protect their industry after the US slapped hefty tariffs on its steel imports this month. 


29th March 2002 Kolbenco, of the East Rand, claims to be Africa’s largest automotive piston manufacturer, with a yearly production capability of one-million pistons. 

SA steel industry to launch export portal

25th March 2002 The South African steel industry is launching its own export portal on the world wide web in order to assist large and small companies to increase exports of value-added steel products. 

Liquidated structural-steel firm draws foreign interest

By: Joanne Delaurentis     22nd March 2002 The assets of one of South Africa’s largest independent, privately-owned structural steel company Grider Naco could be on the market, with one or two companies showing interest in acquiring all the assets of the company, after it was placed under provisional liquidation in January. 


22nd March 2002 Fabritech specialises in the high-precision manufacture of mechanical components for an array of applications such as oxygen plants, silos, military bridges, decompression chambers, heat exchangers and vessels, and nuclear cranes. 

SA stainless-steel mill begins a new voyage

22nd March 2002 The €232-million deal in which Spanish stainless-steel firm Acerinox acquired a 64% shareholding in South Africa's Columbus Stainless in November at last brings to the venture what many view as a critical success factor - an international alliance partner. 

SA stainless-steel mill begins a new voyage

22nd March 2002 The €232-million deal in which Spanish stainless-steel firm Acerinox acquired a 64% shareholding in South Africa's Columbus Stainless in November at last brings to the venture what many view as a critical success factor - an international alliance partner. 

Research project on new bonding technology

By: Karel Smrcka     15th March 2002 A research project carried out by German giant Krupp VDM in conjunction with two other German companies – Zeppelin Silo-und Apparatebau and Sika Chemie – delivered highly positive results. 

Steel price increases start to bite

By: Irma Venter     15th March 2002 Steel merchants and engineering shops will suffer massive job losses in the face of Iscor increasing its flange and profile cutting plate price, says PL Steel Services director Peter Elsmore. 

China's steelmakers face tough year

14th March 2002 China’s steel makers face a tough year as steel prices are expected to drop further in the first half and eat into the profits of firms already suffering from the global slowdown in 2001, analysts said. 

Steel fuel tanks enjoy renaissance

By: Karel Smrcka     8th March 2002 Many do not want steel to be bypassed by aluminium and plastics and there are several new developments that speak for ‘good old steel’. 

Mining-steel unbundling could be hurt by US tariff hike

8th March 2002 High new US tariffs on steel imports might cast a shadow over early trade in the shares of the steel division of BHP Billiton when they are spun off mid-year from the mining giant. 

Bush ignites steel war

7th March 2002 The world’s top steel producers condemned the US for slapping hefty tariffs on steel imports, saying the move undermined the ideals of free trade preached by Washington. 

SA’s steel lobbying pays off

6th March 2002 South Africa's intense lobbying of Washington during December and January appears to have paid off, with this countries steel industry being exempted from action taken by the US President George W Bush against steel importers into the US. 

SA steel firm to raise flat-steel prices

27th February 2002 South African steel producer Iscor said it would raise the price of its flat-steel products by 9,8% from May as international steel prices looked poised to recover from 30-year lows. 

Iscor announces R1,7bn rights offer

21st February 2002 Africa’s leading steel producer, Iscor, formally announced the details of a R1,7- billion rights offer planned for March and April this year. 

Steel producer campaigns to grow secondary exports

By: Terence Creamer     15th February 2002 South Africa’s largest steel producer, Iscor, aims to work with domestic users of steel in an effort to promote the export of secondary-steel products. 

Top steel-producing countries mull 117,5m-ton cut

12th February 2002 Representatives of top steel-producing countries agreed to recommend that global output be cut by 117,5-million tons by the end of 2005 to cope with a severe market glut. 

SA steel firm optimistic of US steel deal

By: Terence Creamer     8th February 2002 South Africa's leading steel manufacturer Iscor is cautiously optimistic that the country will receive a special steel dispensation into the highly-lucrative US market when President George W Bush makes known the implications of the 201 trade investigation currently under way. 

SA steel giant now 20% foreign owned

7th February 2002 Shares in South African steel firm Iscor rocketed to fresh highs after news that UK-based LNM Holdings had upped its stake added fuel to a week-long rally and raised speculation that LNM plans a takeover. 

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