R/€ = 18.12 Change: 0.07
R/$ = 16.06 Change: 0.00
Au 1782.33 $/oz Change: 12.63
Pt 940.35 $/oz Change: -4.15


Stainless-steel parts firm targets global car market

25th January 2002 Specialists in the manufacture of stainless-steel components Maxe Stainless Steel has established itself as a supplier of quality stainless steel products to the South African and European automotive industries. 

SA stainless seeks a passage to India

By: Keith Campbell     25th January 2002 MPUMALANGA province is seeking to develop downstream stainless steel manufacturing by encouraging Indian stainless steel companies to enter joint ventures (JV) with local companies. 

New board for listed steel company

23rd January 2002 Steel firm Iscor has formally announced its new board, which includes domestic and international directors. 

R105m press line for Rosslyn

18th January 2002 Steel supplier Trident is investing R105-million in a state-of-the-art blanking press line at its Rosslyn facility. 

Lessons from Spain in SA's stainless fabrication moves

By: Terence Creamer     18th January 2002 It is possible that the newly-established Middleburg Stainless Steel Incubator – which has been set up to support the development of a local fabrication sector to beneficiate product arising from Columbus Stainless – will borrow substantially from the fabrication ideas and successes... 

SA steel deal approved

16th January 2002 South African steel firm Iscor said its shareholders had approved a deal with LNM Holdings under which the UK-based steel company will acquire Iscor shares in exchange for business assistance. “The agreement is a performance-based deal between the two steel companies in terms of which LNM... 

Action plan for stainless development

14th January 2002 An action plan which focuses on the medium- and long-term development of the stainless steel industry is being implemented by the International Stainless Steel Forum (ISSF). 

Iron, steel imports don't undermine US – report

11th January 2002 Imports of iron-ore and semi-finished steel do not undermine US national security so such concerns should not be cited as a reason to restrict them, the US Commerce Department said. Commerce made the recommendation in a report to President George W. Bush on the results of its Section 232... 

Stainless disposal completed

11th January 2002 Stainless steel producer Acerinox of Spain has, with effect from January 1 2002, acquired a 64% interest in Columbus Stainless Steel from Highveld Steel, Samancor and the Industrial Development Corporation (IDC) of South Africa for a total consideration of €232-million. The three South... 

Bush cautioned against imposing steel duties

9th January 2002 A new study has warned US President George W Bush against imposing import restrictions on steel, saying the move could damage the weak US economy without providing much help to beleaguered steel producers. 

Metal-sector study into job creation

8th January 2002 A research project intended to generate proposals for the retention and creation of employment in the South African metal and engineering industry will begin early this year. 

Columbus expansion will be a consideration in 2002

By: Terence Creamer     12th December 2001 It is anticipated that all outstanding conditions precedent for the acquisition of Columbus Stainless by Acerinox of Spain will be met by the end of this month, and that the new ownership structure will be in place by the second or third week of January. 

US steelmakers in consolidation mood

7th December 2001 Struggling with bankruptcies and hurt by foreign imports, the nation’s biggest steel companies said that they were asking the Bush administration and Congress to back a plan allowing up to half a dozen steel makers to merge into a single company and to shift billions of dollars in retiree... 

Axe falls on 623 SA steel mill jobs

6th December 2001 South African steel producer Iscor has confirmed that only 623 unionised jobs will be affected by the cost efficiency measures currently under way at its Vanderbijlpark steel mill. 

Growing demand leads to a doubling of foundry output

By: Martin Zhuwakinyu     30th November 2001 East Rand steel abrasives maker Thor Foundry, which started production in April last year, reports that demand has grown so phenomenally that it has had to more than double its monthly production to around 2 200 t. 

SA firm signs deal with steel’s fourth

23rd November 2001 South African steel producer Iscor announced that it had formally signed a business assistance agreement (BAA) with LNM Holdings (LNM), a member of the LNM Group, the world’s fourth-largest steel producer. 

Brewery a marvel for stainless steel

23rd November 2001 Stainless-steel companies have played an important role in the development of South African Breweries’ (SAB’s) new Ibhayi brewery in Port Elizabeth, in the Eastern Cape. 

EU steel industry lays dumping charge

22nd November 2001 A European steel industry body said it had complained to the European Commission about alleged dumping of hot-rolled coil steel by Egypt, Iran, Libya, Slovakia, Turkey and Hungary. 

Steel, mining unbundling approved

22nd November 2001 Shareholders in Iscor approved a package of resolutions that will result in the unbundling of Iscor into two independent steel and mining companies. 

SA steel: the grand plan unfolds

19th November 2001 The far-reaching restructuring of the South African steel industry will enter a new phase after November 26 when the country's largest producer, Iscor, is unbundled to form separate steel and mining entities. 

US knife-gate valves arrive in South Africa

By: Deborah Spicer     16th November 2001 A new range of knife-gate valves became available to the paper and pulp, mining, steel, sugar, automotive and sewerage and effluent industries two months ago. 

Exchange rate offers opportunities for steelmakers

By: Irma Venter     16th November 2001 South African steel producers should take advantage of the exchange rate to penetrate the UK and European markets, says Sanchez UK CEO Michael Moyles. 

SA steel: the grand plan unfolds

By: Terence Creamer     16th November 2001 The far-reaching restructuring of the South African steel industry will enter a new phase after November 26 when the country’s largest producer, Iscor, is unbundled to form separate steel and mining entities. 

IDC-led alliance wants Kumba to remain in SA hands

By: Terence Creamer     16th November 2001 The head the State-owned Industrial Development Corporation (IDC) said yesterday that it and its partners, Stimela and Avmin, plan to use their respective positions in Kumba Resources to support the development of a world-class “South African-domiciled” mining company. 

SA and Spanish conclude stainless deal

14th November 2001 Spain’s Acerinox closed a 232-million euro deal to buy a 64% stake in South Africa’s Columbus stainless steel plant, making it the world’s third-biggest producer. 

Rolling-stock contract creates 100 jobs

9th November 2001 The Rolling Stock Division (RSD) of Dorbyl group has entered into a contract, valued at R25-million, with Bombardier Transportation SA for the upgrading of 88 Class 5M2A suburban coaches, made up of 22 motor coaches and 66 trailer coaches. 

SA steel may be better off under US quota system

By: Terence Creamer     6th November 2001 South Africa’s largest steel producer, Iscor, believes that the country could be better off under a possible steel-import ‘equitable quota’ than it is at present with the industry continually having to defend itself against of anti-dumping applications. 

Mill orders 40 digital encoders

2nd November 2001 Some 40 Hubner Giessen incremental digital encoders from Bartec Barlian have been ordered by Scaw Metals for its Gordon mill. 

Steel Studio

2nd November 2001 Steel Studio specialises in the manufacture of balustrading and associated products from stainless and mild steel, and claims to be one of the foremost designers, manufacturers and fitters of specialist stainless-steel production in South Africa. 

Membership of construction body drops sharply

By: Laura Franz     26th October 2001 Within a decade, the membership of the Constructional Engineering Association (CEA) South Africa has fallen from 250 member companies with 250 000 scheduled employees – those represented by bargaining councils – to a current 144 member companies with almost 10 000 employees, reported... 

US moves to project steel sector

24th October 2001 A US trade panel cleared the way for President George W Bush to impose import restrictions on key steel products by early next year. 

Steel jobs nearly half 1981 level

By: Martin Zhuwakinyu     19th October 2001 The number of employees in the steel and engineering sector has dropped from 450 000 to 230 000 over the last 20 years, outgoing Steel and Engineering Industries Federation of South Africa (Seifsa) president Carl Grim said last week. 

Stainless awards are expanded

By: Irma Venter     19th October 2001 The Southern African Stainless Steel Development Association (Sassda) awards have been expanded by the addition of three new categories and the participation of new sponsors, of which three are from abroad. 

Mine gets new software

19th October 2001 An iron-ore-mine at Beeshoek has taken the guesswork out of opne-pit optimisation and scheduling by installing Earthworks NPV Scheduler. 

US ends probe on SA steel sheets

16th October 2001 A US trade panel ended a probe into the dumping of cold-rolled sheets at unfairly traded prices against three countries – Egypt, South Africa and Venezuela – because they said imports from these countries were negligible. 

Steel tie-up talks still on despite expired exclusivity

16th October 2001 UK-based LNM Holdings said it was still interested in acquiring a stake in Iscor even though its exclusivity period for negotiations with the South African group expired on Monday. 

Export assistance for secondary steel manufacturers

By: Riaan de Lange     12th October 2001 The export assistance schemes for the South African secondary steel-processing industry the exportation of value-added products, new filled steel drums/containers, and local shipbuilders/repairers of ships, administered and controlled by the South African Iron and Steel Institute (Saisi) will be... 

Auto steel firm moves downstream

By: Martin Zhuwakinyu     12th October 2001 The erstwhile loss-making automotive-related business of Baldwins Steel, off-loaded in January, is aiding its new owner, steel merchant and processing company Trident Steel, to achieve its objective of moving up the beneficiation chain. 

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