R/€ = 16.63 Change: -0.02
R/$ = 14.81 Change: 0.00
Au 1339.10 $/oz Change: 3.58
Pt 792.02 $/oz Change: -7.02


Steel Awards attracts record number of sponsors, entries

By: Marleny Arnoldi     13th June 2019 The South African Institute of Steel Construction (Saisc) says a record number of sponsors, as well as entries, have been received for this year’s Steel Awards, which will be hosted on October 10. Fourteen steel companies have pledged their support for this year’s event, a 40% increase... 

‘Speaking for steel’ - record-breaking sponsorship for SAISC 2019 Steel Awards despite tough market conditions

13th June 2019 The SAISC Steel Awards have come a long way since their humble beginnings 38 years ago when the occasion was marked with a cheese and wine event attended by a handful of people, in a room decorated with printed posters of the entries. This year, record sponsorship of the awards has grown by a... 

ArcelorMittal boss says EU must respond further to Trump's steel tariffs

By: Reuters     12th June 2019 Europe urgently needs to take further measures to offset the impact of import tariffs imposed by US President Donald Trump, the chief executive of steelmaker ArcelorMittal told a German newspaper in an interview published on Wednesday. The European Commission is currently reviewing its... 

EU needs to act on steel imports in wake of US tariffs – industry

By: Reuters     4th June 2019 Steel is being diverted to Europe as a result of US 25% tariffs and the European Union needs to act, European steel industry chiefs say a letter sent to EU leaders and EU institutions. There has been a sudden downturn in the European steel industry's prospects, underpinned by long-term trends, 45... 

Association highlights advantages of hot dip galvanising

By: Halima Frost     31st May 2019 The steel industry has not been immune to the pressures of the recent global and domestic economic challenges and, as a result, a notable reduction in local consumption has been filtering through to the hot dip galvanizing industry. Hot dip galvanizing is a corrosion-control process for steel or... 

Macsteel collects two awards in recognition of significant advances in supplier development

By: Creamer Media Reporter      29th May 2019 Macsteel has garnered two awards at the Absa Business Day Supplier Development Awards which recognise and celebrate businesses committed to building better South Africa via inclusive and transformed supply chains. Macsteel won the Small Supplier and Local Manufacturing Award in acknowledgement of... 

Steel demand growth rates to moderate in line with slowing global economic growth

By: Nadine James     16th April 2019 Global steel demand is expected to increase by 1.3% year-on-year to 1.74-billion tonnes this year, the World Steel Association’s (worldsteel’s) ‘April 2019 Short Range Outlook’ shows. Demand is projected to grow by a further 1% in 2020 to 1.75-billion tonnes, the association added. 

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