R/€ = 19.34 Change: 0.15
R/$ = 16.30 Change: 0.19
Au 1924.87 $/oz Change: 24.24
Pt 891.46 $/oz Change: 35.92


Production declines, 
but recovery expected

27th November 2009 Preliminary figures released by nonprofit research organisation the International Stainless Steel Forum (ISSF) show that stainless steel crude steel production decreased in the first half of 2009 by 26,7% compared with the same period of 2008. Total production for the first six months of 2009 was... 

Steel giant expects stronger fourth-quarter results

27th November 2009 Steel producer ArcelorMittal South Africa expects results in the fourth quarter of 2009 to strengthen as improved domestic demand drives higher sales and the impact of lower raw material prices is felt for a full three-month period. 

Steel mesh producer broadens its market base

By: Julian Kraft     18th September 2009 A leading manufacturer and supplier of steel welded mesh, wire coils and bars Steeledale Mesh has steadily broadened its market base in recent years. The 40-year-old company, which is also a member of the listed Aveng group, has grown its yearly turnover by more than 30% over the past five years... 

Steel construction industry weathering the economic crisis

10th July 2009 The Southern African Institute of Steel Construction (SAISC) reports that its members are weathering the current economic crisis owing to the need for steel in the construction of power stations, says SAISC executive director Dr Hennie de Clercq. 

Steel tubing and piping giant to build 20 000-m2 facility

By: Beth Shirley     10th July 2009 Steel tubing and piping giant Robor is currently building a 20 000 m2 value-added facility, valued at R100 000, in order to produce greater structural tubing for the infrastructure market.  

Steel industry focuses on its environmental footprint

By: Brindaveni Naidoo     10th July 2009 Industries across the world have mobilised to improve their environmental footprints, and the steel industry is no stranger to this commitment.  

Global steel giant must be transparent in its environmental master plan, says report

By: Brindaveni Naidoo     10th July 2009 A report entitled ‘ArcelorMittal: Going nowhere slowly’, which is a review of the global steel giant’s environmental and social impacts for 2008/9 states that the company continues to use corporate spin, evasion, and the bureaucracy of meetings in South Africa to delay the inevitable: peoples’... 

Court sends excessive pricing ruling back to Competition Tribunal

By: Creamer Media Reporter      10th July 2009 Lawyers for gold miner Harmony, which referred the complaint of excessive pricing against ArcelorMittal South Africa to the Competition Tribunal in 2004, expressed disappointment, in May, with the Competition Appeal Court’s decision to uphold the steel producer’s appeal against the tribunal’s... 

EU, US complain at WTO over Chinese 
export curbs

By: Bloomberg     10th July 2009 The European Union (EU) and the US complained at the World Trade Organisation (WTO) about Chinese export restrictions on raw materials such as magnesium, coke and zinc. 

US and European world crude steel production falling sharply

10th July 2009 World crude steel output fell by 21% in May, with production from the US and European producers falling sharply. 

Structural-steel export council promotes international business relations

10th July 2009 South Africa’s structural-steel export council International Steel Fabricators (ISF) has returned from a successful marketing excursion to Argentina where it organised for three of its leading engineering company members, Cosira, DSE and Vital Engineering, to network with a selection of steel... 

Steel producers want 
competition probe of 
Rio/BHP iron-ore deal

10th July 2009 Competition authorities should interrogate the potential anticompetitive consequences for the iron-ore market should the newly-unveiled Rio Tinto/BHP Billiton joint venture (JV) be allowed to proceed, the World Steel Association (Worldsteel) said at the weekend. 

ArcelorMittal may 
restart two furnaces

By: Bloomberg     10th July 2009 The world’s biggest steelmaker ArcelorMittal may restart two blast furnaces at its Indiana manufacturing facility to take advantage of higher demand, CEO Lakshmi Mittal said. 

Stainless steel output in first quarter slumped to worst level since 2000

By: Creamer Media Reporter      10th July 2009 Only 4,8-million tons of stainless steel was produced worldwide in the first quarter of 2009, the lowest quarterly output level since 2000, the International Stainless Steel Forum (ISSF) reported last month. 

Local cladding panels 
supplied for London based school upgrade

10th July 2009 Vitreous enamelled product manufacturers Vitrex has exported its Vitreous enamelled steel panels to England for the cladding of ground floor extensions at a 112-year-old school, in London.


Youth integral to steel 
construction industry

10th July 2009 Industry association the Southern African Institute of Steel Construction (SAISC) has announced that 3D structural modelling tool provider Cadex SA is the new generation sponsor for the 2009 Steel Awards. 

Steel Dynamics says 
output has risen to about 60% of capacity

By: Bloomberg     10th July 2009 The third-largest US-based steelmaker by sales Steel Dynamics said its output has risen to about 60% of capacity in the past two months, from 45%, because of higher demand from automakers. 

BSI reports improved FY results, targets organic growth

By: Chanel de Bruyn     10th July 2009 Organic growth would remain central to steel processing and distribution group BSI’s growth programme, with new products and services expected to boost the company’s growth. 

China Steel says orders 
rebound since May as 
stockpiles fall

By: Bloomberg     10th July 2009 Taiwan’s largest steelmaker China Steel said orders rebounded after customers depleted stockpiles, signaling a recovery from the sales plunge in May. 

Training critical 
to bridging the skills gap

10th July 2009 Industry association the Southern African Institute of Steel Construction (SAISC) is currently undertaking more training than at any other time in its history. SAISC executive director Dr Hennie de Clercq says that skills training in an industry must be present, whether times are good or... 

Steel market weak and declining

27th February 2009 The most notable recent change in the steel industry is the price decline, as a result of lower consumer demand, states risk analysis firm Coface senior underwriting manager, Wayne Basson. 

2008 sees 1,2% world steel production decrease

By: Beth Shirley     27th February 2009 The World Steel Association (WSA) reports that world crude steel production reached 1,3-billion tons in 2008. 

Commodities supplier anticipates growth

By: Beth Shirley     27th February 2009 Resource-based commodities supplier to the steel, aluminium, cement and foundry industries Insimbi Refractory and Alloy Supplies is confident about sustained business growth in South Africa and Africa, despite the slump in steel demand. 

Composite friction material manufacturer gains ground in Australia

By: Beth Shirley     27th February 2009 Manufacturer and supplier of composite friction material Metpro, a division of mechanical engineering company DCD-Dorbyl, has been approached to quote on products for Australia’s Queensland Rail. 

Steel construction industry active, despite economic slump

By: Beth Shirley     27th February 2009 The Southern African Institute of Steel Construction (SAISC) executive director Hennie de Clercq says that although the current economic climate is characterised by lower prices and slumping demand, the South African steel construction industry remains active 

Steel giant launches 
partnership with Department of Education

By: Beth Shirley     27th February 2009 Steel giant ArcelorMittal has partnered with the South African Department of Education to build ten schools throughout the country using new steel technology. 

Stadium projects enhance expertise

27th February 2009 A division of multidisciplinary company Grinaker-LTA, structural steel fabricator DSE’s decision to participate in the stadium projects has enabled it to enhance and increase its technical experience and expertise. 

Advantages emerge from economic recession

By: Beth Shirley     27th February 2009 Smelter technology equipment manufacturer Metix marketing director Pat Davies says that although the implications of the global economic crisis on ferrochrome production are serious for the company, the reduction of steel and other commodity prices, is a positive for furnace manufacturing. 

Steel fabricator ventures into power generation

By: Fatima Gabru     27th February 2009 Structural steel fabricator and construction company Cosira has been adding a number of power generation and government infrastructure projects to its portfolio in the past year, says Cosira Group CEO John Da Silva. 

Women-owned fastener company supplies to infrastructure projects 

By: Beth Shirley     27th February 2009 The mining, construction and other steel-related industries, in South Africa and abroad, are supplied with fasteners from women-operated fastener supplier Bambalela Bolts. 

General Profiling commissions new powder coating plant

By: Dennis Ndaba     28th November 2008 Steel profiling company General Profiling has commissioned a new powder coating plant featuring a 14-m camel back oven with dual conveyors and dual spray booths and a seven-stage pre treatment plant. 

Steel construction awards receive record entry numbers

11th July 2008 Southern African steel construction association, the Southern African Institute of Steel Construction (Saisc) reports that it has received a record number of entries for the 2008 Steel Awards. 

Steel forecasts strong for 2008

11th July 2008 Short term forecasts carried out by the International Iron and Steel Institute (IISI) indicate that 2008 will still be another strong year for the steel industry with apparent steel use rising from 1,2-million tons in 2007 to 1,28-million tons in 2008, an increase of 6,7%. 

Steel industry could play bigger role in Asgisa

By: Jonathan Faurie     11th July 2008 The steel industry could play a bigger role in South Africa’s Accelerated and Shared Growth Initiative for South Africa (Asgisa) if Government can encourage more beneficiation in the local market, reports Auditing, Tax and Advisory firm KPMG. 

Decline for crude steel production

By: Jonathan Faurie     11th July 2008 Crude steel production during the first quarter of 2008 dropped by 80 533 t compared to crude steel production during the first quarter of 2007. 

Steel giant takes strategic decision on Newcastle production facility

By: Jonathan Faurie     11th July 2008 The board of the continent's biggest steel producing company, ArcelorMittal South Africa, has taken a strategic decision to implement a significant capacity expansion programme that will increase the Newcastle plant production by 1-million tons a year, reports the company. 

Environmental standards improvement projects under way at Vereeniging plant

By: Jonathan Faurie     11th July 2008 Environmental standards at steel producing company ArcelorMittal South Africa’s Vereeniging production plant are proceeding according to the directives handed down to the steel producer from environmental protection group, the Green Scorpions, and the next step in resolving the plants legacy... 

Steel industry performance to sustain and grow steel price 

By: Jonathan Faurie     11th July 2008 The current performance of the steel industry, locally and internationally, is expected to sustain the price of steel and may even grow steel prices, should steel demand increase, reports the continent’s biggest steel producer ArcelorMittal South Africa. 

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