R/€ = 20.78 Change: 0.01
R/$ = 17.63 Change: 0.00
Au 2034.39 $/oz Change: -26.52
Pt 959.61 $/oz Change: -12.96

Press Office - Macsteel


Macsteel has a rich legacy that spans 116 years.  Over this time, we have proudly become Africa's leading manufacturer, merchandiser and distributor of steel and value-added steel products with an extensive product portfolio, stockholding and robust infrastructure.  Our technical competencies and our continuous improvement initiatives have ratified our status as the pre-eminent supplier of steel products on the continent. The foundation of Macsteel now focuses on six primary pillars, with Macsteel Trading incorporating four business divisions under one pillar.  The 6 primary pillars operate through a strategic network of over 40 service centres, branches and warehouses. This enables us to provide customers exceptional levels of personalised services through the entire steel supply chain.


Middle East, Africa mining deal activity increases in second quarter

By: Tasneem Bulbulia     7th August 2020 Overall deal activity in the Middle East and African metals and mining industry increased by 16.7% in the second quarter, data and analytics company GlobalData’s deals database shows. Twenty-eight deals worth $1.44-billion were announced for the region during the quarter, against the last... 

Canada vows to retaliate against US aluminum tariffs

By: Reuters     7th August 2020 If the United States re-imposes some tariffs on Canadian aluminum products, Canada will respond by slapping retaliatory tariffs on US goods, a government source said on Thursday. "We will react very similarly to the last (time they imposed) tariffs," said the source, speaking shortly before... 

SEIFSA welcomes high court ruling in favour of designation and localisation

By: Creamer Media Reporter      6th August 2020 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) has welcomed yesterday’s high court ruling in favour of the Department of Trade, Industry and Competition (DTIC) in a procurement matter, saying that it will boost struggling local businesses amid the pandemic-induced... 

Crop nutrients have double potential of coal being exited – Anglo 

By: Martin Creamer     3rd August 2020 Covid-19 notwithstanding, diversified mining company Anglo American will this year be spending the $300-million that it forecast on the Woodsmith polyhalite project in the UK, which gives it entry into the crop nutrients business at a time when fertilising is being hailed a godsend to ease global... 

South Africa trade surplus swells to record on weak imports

By: Bloomberg     31st July 2020 South Africa’s trade surplus swelled to a record after eased lockdown restrictions allowed more exports, while demand for imports weakened. The positive trade balance widened to R46.6-billion last month from a revised R19.7-billion in May, the South African Revenue Services said Friday in a... 

SEIFSA worried about increase in unemployment

By: Creamer Media Reporter      29th July 2020 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) is concerned about the latest quarterly employment statistics (QES) data released today by Statistics South Africa (Stats SA), which reflect general decreases in domestic employment as local businesses continue to... 

Reid Lifestyle Centre targeting a net-zero certification

By: Tasneem Bulbulia     24th July 2020 In May, the Reid Lifestyle Centre, developed by Balwin Properties, achieved a six-star Green Star Public & Education Building certification. Part of an upmarket lifestyle estate situated close to the Marlboro Gautrain station, the building is also targeting a Net-zero Carbon Level 2 rating. 

Repo rate cut will provide further reprieve to embattled businesses – SEIFSA

By: Creamer Media Reporter      24th July 2020 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes today’s decision by the South African Reserve Bank to reduce the repo rate by 25 basis points, to 3.5%, SEIFSA Economist Marique Kruger said this afternoon. “The decision to further cut interest rates is... 

Your chassis is the most powerful structure in your car

By: Creamer Media Reporter      23rd July 2020 Richard Green, national director of the South African Motor Body Repair Association (SAMBRA), says many motorists believe the engine is a vehicle’s toughest attribute when, in fact, the chassis is where the true strength lies – in collisions especially. The chassis is best described as the... 

Silver jumps to 2013 high, gold nears record on virus concerns

By: Bloomberg     22nd July 2020 Silver jumped to the highest in almost seven years and gold continued its march toward a record on expectations more stimulus is needed to help the global economy recover from the coronavirus pandemic. Investors have flocked to the precious metals on surging demand for havens amid a resurgence... 

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