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Press Office - Macsteel

Macsteel

Macsteel is Africa’s leading merchandiser and distributor of steel and value-added steel products. Consisting of eight dynamic business units and operating from a network of more than 60 branches and warehouses, Macsteel supplies the entire sub-Saharan geographic region with the full range of carbon steel, special steel, stainless steel, aluminium and value-added steel products and processes to all sectors of industry.

Tel:  011 871 0000
Fax:  011 823 3860
Website:  www.macsteel.co.za
Email:  info@macsteel.co.za

Topic

Unexpected uptick in PMI for May 2020 is refreshing, says SEISA

By: Creamer Media Reporter      Updated 5 hours ago A surprise uptick in overall business activity for May 2020, as captured by the headline Purchasing Managers’ Index (PMI), despite subdued economic activity from the lockdown, bodes well for companies in the manufacturing sector, the Steel and Engineering Industries Federation of Southern Africa... 

Moody's sees US coal miners' earnings halve this year

By: Mariaan Webb     Updated 6 hours ago The outlook for the North American coal industry remains negative and earnings for coal miners could fall by more than 50% this year, says Moody’s Investor Service. The ratings agency says the coronavirus pandemic has worsened the outlook for the sector. "Domestic demand for thermal coal for... 

EU to revamp steel-import controls as virus-hit economy recovers

By: Bloomberg     1st June 2020 The European Union plans to revamp its steel-import restrictions to guard against major market distortions as the bloc’s economy recovers from the effects of the pandemic. The proposed changes apply to EU import curbs introduced two years ago to prevent a controversial 25% US levy on foreign... 

Gold M&A back on the agenda as coronavirus restrictions ease

By: Reuters     1st June 2020 A lull in corporate takeover activity among gold miners is expected to end as new coronavirus-linked travel restrictions are lifted in coming months, clearing the way for prospective buyers, industry executives and fund managers said. Deals this year have been hobbled by lockdown measures to... 

In northern Brazil, iron-ore keeps flowing as Vale miners battle coronavirus

By: Reuters     1st June 2020 In late April, Evaldo Fidelis, a 35-year-old tractor operator at Vale's massive iron-ore mine in northern Brazil, came down with a dry cough. Soon, he said, six others in his crew of about 40 workers fell ill with classic symptoms of Covid-19, the respiratory illness caused by the novel... 

New Army 3-D printing study shows promise for predictive maintenance

25th May 2020 Army researchers have discovered a way to monitor the performance of 3-D printed parts, which tend to have imperfections that affect performance in ways traditionally-machined parts do not. A new study published recently in the International Journal of Advanced Manufacturing Technology showed... 

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%. 

Chinalco exec proposes curbing China's copper capacity as lawmakers meet

By: Reuters     22nd May 2020 The general manager of State-owned metals group Chinalco is calling on China to rein in "blind expansion" of copper smelting capacity as the country's lawmakers gather in Beijing to decide policy objectives and economic targets for the year. Yu Dehui, also a delegate at the Chinese People's... 

Brazil's Vale sees a 'very vigorous' economic recovery in China

By: Reuters     11th May 2020 Brazil's Vale is seeing a "very vigorous" economic rebound in China, the iron-ore miner's principal export market, CFO Luciano Siani said during an online event hosted by newspaper Valor Economico on Friday. "Industrial activities [in China] are practically at their normal levels.... Civil... 

Kogi appoints Nigerian contractor to start trial iron-ore mining

By: Marleny Arnoldi     8th May 2020 ASX-listed Kogi Iron and its Nigerian subsidiary KCM Mining have started small-scale trial mining at the Agbaja Cast Steel project, in Nigeria. The companies have appointed a local Lokoja-based civil engineering contractor to start the trial mining on a 30 m by 30 m by 5 m deep pit, owing to... 

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