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Carbon Steel News

South Africa plans emergency steel tariff from July – WTO

By: Reuters     27th April 2017 South Africa is proposing to put emergency "safeguard" tariffs on imports of certain flat hot-rolled steel products from July, it said in a filing published by the World Trade Organisation (WTO) on Thursday. The tariff would be in place for three years, and fall from 12% in the first year to 10%... 

Outokumpu expects Q2 profit to be slightly weaker than Q1

By: Reuters     27th April 2017 Finnish stainless steel producer Outokumpu said it expects current quarter profit to be "somewhat" below first-quarter levels due to lower ferrochrome prices and deliveries. Outokumpu's first-quarter adjusted earnings before interest, taxes, depreciation, and amortisation tripled to... 

Outokumpu expects Q2 profit to be slightly weaker than Q1

Junior iron-ore miner outlines ambitious aims, supports local steel production

By: Ilan Solomons     26th April 2017 Junior iron-ore miner Manngwe Mining plans to expand its asset base and increase production at its existing operation over the next five years to provide integrated steel and mining company ArcelorMittal South Africa (AMSA) with between four-million and five-million tons of iron-ore a year.... 

Junior iron-ore miner outlines ambitious aims, supports local steel production
Wim de Klerk, Mathatha Tsedu and Matodzi Nesongozwi at official opening of Manngwe plant

Cairo 'cargotecture' company transforms shipping containers into homes

By: Reuters     25th April 2017 An Egyptian design duo has begun re-purposing old steel shipping containers, transforming them into living spaces, shops and restaurants in an effort to introduce residents of overcrowded Cairo to cheaper and more versatile properties. Qubix, a year-old company founded by Youssef Farag and Karim... 

Competition Commission approves buyout of ASA Metals' ferrochrome production assets

By: Megan van Wyngaardt     24th April 2017 The Competition Commission has recommended that the Competition Tribunal approve the proposed merger between ferrochrome producer ASA Metals and Newco. Newco is a newly created joint venture between Sinosteel and Samancor. Sinosteel operates globally in the production, supply and procurement of a... 

Global steel production reaches 410Mt in Q1

By: Megan van Wyngaardt     24th April 2017 South Africa produced an estimated 1.56-million tonnes of steel in the first quarter of the year, the World Steel Association (worldsteel) said on Monday. This was roughly the same as the 1.54-million tonnes  produced in the first quarter of 2016 and came on the back of flat year-on-year... 

Japan steel industry head says concerned at Trump 'protectionism'

By: Reuters     24th April 2017 Japanese steelmakers are concerned at "protectionism" by US President Donald Trump, Japan Iron and Steel Federation chairperson Kosei Shindo said on Monday, following Trump's first shot across China's bows over steel exports. Japan is the world's second-largest steel producer, although Shindo... 

Steel demand to grow in 2017/18 as recession risk decreases

By: Megan van Wyngaardt     21st April 2017 Global steel demand will increase by 1.3% to 1.53-billion tonnes this year, and by a further 0.9% to 1.55-billion tonnes in 2018, following growth of 1% in 2016, the World Steel Association (worldsteel) said in its latest short-range outlook (SRO), published on Friday. Worldsteel economics... 

Trump administration, world financial officials clash over trade

By: Reuters     21st April 2017 The Trump administration had a simple but stark message for world financial leaders who gathered in Washington on Thursday amid worries about rising US protectionism: fair trade means tit-for-tat tariffs. Speaking to bankers just hours after the formal start of the International Monetary Fund and... 

Trump 'Buy American' edict may have little impact on US steel

By: Reuters     19th April 2017 US President Donald Trump's "Buy American, Hire American" executive order on Tuesday left questions about how the government would enforce the order and whether it would make a real difference in output and employment, according to steel executives and analysts. "Buy American" provisions already... 

US announces probe into imports of steel wire rod

By: Reuters     19th April 2017 The US Department of Commerce said on Tuesday it was launching investigations into whether imports of carbon and alloy steel wire rod from certain countries are being dumped and/or subsidised. The dumping probe affects imports from Belarus, Italy, South Korea, Russia, South Africa, Spain, Turkey,... 

Growth in laser gas noted by company

     14th April 2017 Laser application technology has seen substantial progress and development since the invention of the laser in the 1960s and gases and welding products supplier African Oxygen (Afrox) has experienced market growth over the years owing to its development of laser gases for different applications... 

Growth in laser gas  noted by company
CUTTING EDGE Afrox started penetrating the laser cutting market around 2005 and its growth in this field and of the market share for laser cutting has dramatically increased since then

Seifsa extends deadline for excellence awards entries to April 28

By: Megan van Wyngaardt     13th April 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has extended the deadline for entries for its Awards for Excellence for 2017 to April 28, to afford more companies time to submit entries. “After countless queries from interested companies in the metals and engineering... 

Union sees 4 000 job cuts in Thyssenkrupp steel restructuring

By: Reuters     11th April 2017 Thyssenkrupp could cut about 4 000 of the 27 000 jobs at its European steel unit in a coming restructuring of the business, a representative of trade union IG Metall told Reuters on Tuesday. The German industrial group had said on Friday it planned to cut costs by 500-million euros ($530-million)... 

AMSA to raise R3.5bn

By: Reuters     7th April 2017 The South African unit of ArcelorMittal is seeking to raise a R3.5-billion ($250-million) credit facility to shore up its working capital, it said on Thursday. The borrowing-based credit facility depends on the value of collateral a company pledges. The company is struggling to make a profit due... 

SA firm sees potential for elevated-track solution in everything mining to public transport

By: Irma Venter     7th April 2017 South African company Milotek will later this year start construction of a fractional rapid transit (FRT) system at a private coal mine in Mpumalanga. Milotek director and inventor Andries Louw believes this system will revolutionise the way goods are moved in the mining industry and also,... 

SA firm sees potential for elevated-track solution in everything mining to public transport

Global steel market to fall into deficit by 2020 – BMI

By: Anine Kilian     6th April 2017 The global steel market will tighten in coming years and eventually go into a deficit in 2020, says research firm BMI.  Despite the slowing in both global production and consumption growth, larger increases in absolute consumption, compared with production, will lead to a tightening of the market. 

EU Commission regrets 'artificially inflated' US steel duties

By: Reuters     31st March 2017 The European Commission said on Friday it regretted a US decision to impose antidumping measures on steel plate exported from Europe, adding that the duties were "artificially inflated". The US Department of Commerce set duties of up to 148 percent on cut-to-length plate from seven producers from... 

Solidarity seeks court intervention to place MEIBC under administration

By: Anine Kilian     31st March 2017 Trade union Solidarity has filed an application to the Labour Court to have the Metal and Engineering Industries Bargaining Council (MEIBC) put under administration. Speaking to Engineering News Online on the sidelines of the launch of the union’s Save our Steel campaign on Thursday, Solidarity... 

New agroprocessing-, metals-focused Ipap to be released in April

By: Schalk Burger     31st March 2017 A new Industrial Policy Action Plan (Ipap) focused on supporting the agroprocessing and metals industries, including foundries and the casting sector, will be released in April, Department of Trade and Industry (DTI) director-general Lionel October says. “We are aiming to strategically support... 

New agroprocessing-, metals-focused Ipap to be released in April
Photo by Duane Daws
LIONEL OCTOBER The DTI is emphasising the importance of the fourth industrial revolution and modernising and upgrading the metals and casting industries

Solidarity stresses importance of saving South Africa’s steel industry

By: Anine Kilian     30th March 2017 Trade union Solidarity on Thursday emphasised the importance of South Africa’s steel industry, stating that it is a “key enabler of every part of the South African economy – including the automotive, mining, construction, energy and infrastructure sectors, all of which have been identified as... 

EU decides against provisional duties on hot-rolled steel – sources

By: Reuters     29th March 2017 The European Commission has decided it will not impose provisional duties on hot-rolled steel from Brazil, Iran, Russia, Serbia and Ukraine, but could still find the countries have breached rules on unfair competition, industry sources said on Wednesday. The EU executive has a deadline of April 7... 

DTI optimistic about R4bn titanium beneficiation project in Richards Bay IDZ

By: African News Agency      27th March 2017 The launch of a new R4-billion titanium beneficiation project for manufacturing titanium pigment at the Richards Bay Industrial Development Zone (IDZ) next month is a significant and commendable milestone in South Africa’s mineral beneficiation and industrialisation paths, Trade and Industry... 

Air Liquide opposes Evraz Highveld court proceedings

By: Megan van Wyngaardt     15th March 2017 Embattled Evraz Highveld Steel’s business rescue practitioners (BRPs) have instituted court proceedings against Air Liquide in the High Court seeking to cancel certain obligations under a supply agreement between the two companies. The application also seeks declaratory relief from Air Liquide’s... 

Indian DRI plants face iron-ore shortage

By: Ajoy K Das     15th March 2017 Indian sponge iron, or direct reduced iron (DRI), manufacturers are facing an acute shortage of iron-ore despite the government liberalising norms for the allocation of iron-ore blocks and with the country poised to achieve a five-year high in the production of the raw material. The shortage of... 

Seifsa seeks to reward companies with good health, safety performances

By: Anine Kilian     14th March 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa), which will hold its yearly Awards for Excellence in May, will honour those companies that have upheld high health and safety performances in 2016.   Seifsa CEO Kaizer Nyatsumba says that, although the metals and... 

BofAML warns of rising headwinds for commodities

By: Henry Lazenby     9th March 2017 Bank of America Merrill Lynch (BofAML) cast a pall on the budding optimism seen at the recent Prospectors and Developers Association of Canada’s yearly convention, in Toronto, saying that the commodity market, in general, is transitioning from tailwinds to headwinds this year. In its ‘Global... 

Seifsa calls for entries for yearly excellence awards

By: Megan van Wyngaardt     9th March 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has invited manufacturers operating in the metals and engineering sector to submit their entries for the 2017 Seifsa Awards for Excellence. The awards are open to all companies in the sector, including Seifsa non-members. 

New duties on steel products indicative of South Africa’s ‘value-chain’ approach to protection 

By: Terence Creamer     6th March 2017 The International Trade Administration Commission of South Africa (Itac) confirms that it has recommended increased protection on several downstream steel products and that it is also considering recommending duties on a range of other value-added steel products in future. In addition, the... 

New duties on steel products indicative of South Africa’s ‘value-chain’ approach to protection

Musina-Makhado SEZ to revive steel industry

By: Megan van Wyngaardt     6th March 2017 The South African Energy and Metallurgical Cluster has entered its implementation phase, following the signing of a R40-billion operator agreement between the State-owned Musina-Makhado Special Economic Zone (SEZ), where the cluster resides, and the Shenzhen Hoi Mor Resources Holding Company.... 

Kogi granted mining licences in Nigeria

By: Esmarie Swanepoel     3rd March 2017 Junior Kogi Iron has been granted two mining licences for its Agbaja iron-ore and steel project, in Nigeria. The two granted mining licences cover 90.7 km2 and contain 586-million tonnes of indicated and inferred mineral resources. 

‘Slight wrinkles’ on physical market to stay zinc’s rise above $3 000/t to H2 2017

By: Henry Lazenby     3rd March 2017 Despite zinc outperforming other base metals in 2016, “slight wrinkles” in the otherwise strong fundamentals for the metal will delay its price ascent beyond the $3 000/t mark before midyear, new analysis by Bank of America Merrill Lynch (BofAML) Global Research shows. Analysts note that activity... 

‘Slight wrinkles’ on physical market to stay zinc’s rise above $3 000/t to H2 2017

Alderon set to ‘reboot’ Kami project in new iron-ore environment

By: Henry Lazenby     2nd March 2017 Project developer Alderon Iron Ore has received the updated preliminary economic assessment (PEA) for the Rose deposit, at the Kamistiatusset (Kami) iron-ore property, 10 km from Wabush, setting the stage for the revival of the high-grade project which has been shelved for several years. "The... 

Alderon set to ‘reboot’ Kami project in new iron-ore environment
Photo by Alderon Iron Ore Corp
Alderon is reviving the long-shelved Kamistiatusset iron-ore project, in Labrador

Solidarity to launch campaign to support the local steel industry

By: Megan van Wyngaardt     23rd February 2017 Trade union Solidarity has set its sights on the expansion and sustainability of South Africa’s domestic steel industry for the year ahead and will soon launch a Support Our Steel (SOS) campaign. The domestic steel industry had suffered significant setbacks in recent times, particularly after the... 

Seifsa welcomes R95m steel development fund

By: Megan van Wyngaardt     22nd February 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) on Wednesday welcomed Finance Minister Pravin Gordhan’s R95-million allocation towards the establishment of a Steel Development Fund in the 2017 National Budget. The fund will be controlled by the Industrial Development... 

Aveng to seek shareholder backing for sale of Grinaker-LTA stake to Kutana in March  

By: Terence Creamer     21st February 2017 Construction and engineering group Aveng will seek shareholder approval before the end of March for the sale of a 51% beneficial interest in Aveng Grinaker-LTA to Kutana Construction, a black economic empowerment company. Aveng has also decided to include Aveng Water in the transaction, along... 

Aveng to seek shareholder backing for sale of Grinaker-LTA stake to Kutana in March
Aveng CEO Kobus Verster in conversation with Terence Creamer on group's performance and outlook, as well as the impending sale of 51% of Grinaker-LTA to Kutana. Camera Work & Editing: Nicholas Boyd. Recorded: 21.2.17

DTI promises fast-tracked support for downstream steel industry

By: Terence Creamer     17th February 2017 The Department of Trade and Industry (DTI) insists that measures to support the downstream steel industry in South Africa are a priority for government and are being fast-tracked. In a statement outlining the various interventions undertaken since 2015 to support a primary steel sector wracked by... 

DTI promises fast-tracked support for downstream steel industry
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