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Carbon Steel News

Industry teams up to craft road map for ‘a million new manufacturing jobs’ 

By: Terence Creamer     29th May 2017 Manufacturing associations across a range of subsectors, including plastics and packaging, chemicals, agroprocessing and steel have endorsed a Manufacturing Circle-led initiative, designed to find ways of creating an additional one-million manufacturing jobs in South Africa. Manufacturing Circle... 

Steel CEOs say EU carbon reforms threaten jobs, investment

By: Reuters     29th May 2017 Steelmakers in Europe have written to EU leaders urging them not to burden the industry with extra carbon emissions costs they say would make them uncompetitive against foreign rivals and raise the risk of job losses and plant closures. Draft reforms to the EU Emissions Trading System (ETS)... 

ArcelorMittal consortium wins bid to buy Italy's Ilva steel plant – source

By: Reuters     26th May 2017 ArcelorMittal and steel processor Marcegaglia have won a bid to buy troubled Italian steel plant Ilva, a source with knowledge of the matter said on Friday. The world's top steelmaker and its Italian partner offered just under €2-billion ($2.24-billion) for the loss-making plant, Europe's biggest... 

Hazelton Pumps, Weir Minerals win big at Seifsa Awards for Excellence

     25th May 2017 Family-owned Hazelton Pumps and engineering solutions provider Weir Minerals were the big winners at the Steel and Engineering Industries Federation of Southern Africa’s (Seifsa’s) Awards for Excellence. Almost 100 guests representing small and large companies in the metals and engineering sector... 

CompCom approves AMSA’s buyout of Thabazimbi mine

By: Megan van Wyngaardt     25th May 2017 The Competition Commission has recommended the Competition Tribunal approve ArcelorMittal South Africa’s (AMSA’s) proposed acquisition of the Thabazimbi mine, in Limpopo. Kumba Iron Ore in February agreed to transfer the mine to AMSA. Until 2014, the mine was a captive mine owned and run by Kumba... 

Applications for new R1.5bn steel incentive open on June 1

By: Terence Creamer     25th May 2017 Economic Development Minister Ebrahim Patel released details on Thursday of a new R1.5-billion incentive for downstream steel manufacturers, which would be implemented from June 1. The incentive, officially named the ‘Downstream Steel Industry Competitiveness Fund’ is to be administered by the... 

Applications for new R1.5bn steel incentive open on June 1
Photo by Duane Daws
Economic Development Minister Ebrahim Patel

AMSA secures R4.5bn funding facility

By: Megan van Wyngaardt     24th May 2017 ArcelorMittal South Africa (AMSA) has secured a R4.5-billion revolving structured commodity trade finance facility, which will allow the steel manufacturer to finance its working capital as part of its balance sheet restructuring. CEO Wim de Klerk said in a statement that the company had... 

DTI refuses to release list of black industrialist scheme beneficiaries for fear they will be ‘harassed’ 

By: Terence Creamer     23rd May 2017 Trade and Industry Minister Dr Rob Davies showcased four recipients of government’s flagship Black Industrialist programme (BIP) during his Budget Vote on Tuesday, but astonishingly refused to release the names of all 46 recipients of the non-refundable government grants and concessional loans.... 

DTI refuses to release list of black industrialist scheme beneficiaries for fear they will be ‘harassed’
Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies

Global steel production rises 5% y/y in April

By: Creamer Media Reporter      23rd May 2017 Global steel production, as reported by the 67 member countries of the World Steel Association (worldsteel), rose by 5% year-on-year to 142.1-million tonnes in April. China’s steel production increased by 4.9% to 72.8-million tonnes, while Japan’s output rose 3% year-on-year to 8.8-million tonnes. 

Bosnian region's Parliament votes against mine sale to Israeli group

By: Reuters     18th May 2017 The Bosnian Serb Parliament on Wednesday voted against the sale of a government stake in an iron ore mine to the Israeli Investment Group (IIG) after ArcelorMittal warned it would take legal action if it went ahead. The government plan to sell the Ljubija mine to little-known IIG, which has no... 

Bosnian region's Parliament votes against mine sale to Israeli group

G20 must tackle distortions on global steel markets – German minister

By: Reuters     16th May 2017 The world's 20 biggest economies must jointly tackle the causes of imbalances on global steel markets, German Economy Minister Brigitte Zypries told Reuters on Tuesday, adding she had addressed the issue also in talks with Chinese counterparts. "We must work together on the causes of market... 

Chinese steel industry policies to boost iron-ore demand – Rio Tinto CEO

By: Megan van Wyngaardt     16th May 2017 Rio Tinto CEO Jean-Sébastien Jacques is confident China will continue to drive demand for mining products and iron-ore in particular, despite introducing new policies that will make environmental permits for steel mills harder to obtain and slow capacity. The country plans to eliminate... 

AMSA insists 12% hot-rolled-coil safeguard won’t translate into abrupt price hike

By: Terence Creamer     15th May 2017 Steel producer ArcelorMittal South Africa (AMSA) insists that the institution of a 12% safeguard duty on hot-rolled coil (HRC) from July 1 will not result in a commensurate rise in domestic prices for the primary-steel product, owing to a pricing agreement with government that regulates the... 

AMSA insists 12% hot-rolled-coil safeguard won’t translate into abrupt price hike
Photo by Duane Daws
AMSA CEO Wim de Klerk

AMSA expects HRC steel safeguards from July 1

By: Terence Creamer     12th May 2017 JSE-listed steel producer ArcelorMittal South Africa (AMSA) expects imposition of safeguard duties on hot rolled coil (HRC) to come into effect on July 1, but says certain stakeholder processes still have to be completed before the decision is confirmed. Trade and Industry Minister Dr Rob Davies... 

AMSA expects HRC steel safeguards from July 1

EU imposes dumping duties on Chinese steel pipes and tubes

By: Reuters     12th May 2017 The European Union has imposed definitive anti-dumping duties on Chinese imports of seamless pipes and tubes of iron or steel to protect its industry from steel overcapacity. In a notice published in the official journal on Friday, the European Commission said it was imposing definitive... 

Additional protection for SA’s embattled steel industry 

     11th May 2017 Trade and Industry Minister Dr Rob Davies has confirmed that additional protection is on the way for South Africa’s embattled steel industry. Engineering News editor Terence Creamer speaks to Creamer Media's Sashnee Moodley about the development. 

Additional protection for SA’s embattled steel industry
Additional protection for SA’s embattled steel industry.

More than 50 miners trapped in explosion in Iran, some feared dead

By: Reuters     3rd May 2017 More than 50 miners were trapped after a huge explosion in a coal mine in northern Iran on Wednesday, and some were feared to have died, state media reported. The reports said more than a dozen injured people had been transferred to hospital after the blast at 12:45 p.m. local time in the... 

April PMI slumps to well below neutral 50 mark

By: Natasha Odendaal     2nd May 2017 After a solid first-quarter performance, the seasonally adjusted Absa Purchasing Managers' Index (PMI) slumped in April 2017. The Bureau for Economic Research (BER) index fell to 44.7 index points from an average of 51.9 during the first quarter. 

April PMI slumps to well below neutral 50 mark

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

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... 

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... 

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... 

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. 

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... 

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.... 

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