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Carbon Steel News

Eskom tariffs in AMSA’s action plan crosshairs as losses spike 

By: Terence Creamer     27th July 2017 Steel producer ArcelorMittal South Africa (AMSA) will approach the National Energy Regulator of South Africa (Nersa) directly with a request for discounted electricity tariffs as part of a multi-pronged business sustainability action plan unveiled after the JSE-listed group slumped to a... 

AMSA loss deepens, expects Africa market growth

By: Reuters     27th July 2017 ArcelorMittal South Africa (AMSA) reported a deeper first-half loss on Thursday but forecast growth in steel demand in Africa in the second half. Headline losses grew to R1.62-billion ($125.5-million) for the six months to June 30 from a loss of R458-million a year earlier. 

AMSA loss deepens, expects Africa market growth

No local-content verification of Transnet locomotives conducted yet, SABS confirms

By: Terence Creamer     26th July 2017 The South African Bureau of Standards (SABS) has confirmed with Engineering News Online that it has not conducted any verification of local content in the 1 064 locomotives being acquired by Transnet and that it also does not have an agreement with Transnet to do so. Transnet awarded the... 

No local-content verification of Transnet locomotives conducted yet, SABS confirms

EU top court rules against AcerlorMittal carbon challenge

By: Reuters     26th July 2017 The European Court of Justice on Wednesday ruled against steelmaker ArcelorMittal's challenge against how the European Union allocates free carbon permits. A number of companies have made legal challenges against the EU Commission, seeking to maximise the free allowances they receive under the... 

Final decision on steel trade policy may have to wait, Trump tells WSJ

By: Reuters     26th July 2017 A final decision on a steel trade policy may have to wait until other top-priority issues on his agenda get addressed, US President Donald Trump told the Wall Street Journal in an interview on Tuesday. The administration would take time in making a decision on whether to block steel imports,... 

China iron-ore futures snap 3-day losing streak on robust steel sector

By: Reuters     25th July 2017 Chinese iron ore futures broke a three-day losing streak on Tuesday, showing strong gains as investors refocused on China's robust steel sector and as some of the world's biggest suppliers struggle to meet output targets. Hefty price gains in copper and nickel markets, closely linked to China's... 

Global steel output up 3.2% y/y in June

     20th July 2017 Global steel production rose by 3.2% year-on-year to 141-million tonnes in June, the World Steel Association (worldsteel) has reported. This brought global steel output for the six months to June 30 to 836-million tonnes, a 4.5% year-on-year increase. 

AMSA predicts sharply higher H1 loss

By: Reuters     20th July 2017 Steelmaker ArcelorMittal South Africa expects first-half headline losses to increase by over 200% because of higher costs, the company said on Thursday. The company, majority-owned by ArcelorMittal, forecast a headline loss per share in a range of 143 and 152 cents for the six months ended 30... 

US steel tariffs likely to trigger swift EU 'safeguard' – sources

By: Reuters     20th July 2017 US President Donald Trump's plan to impose steel import tariffs for national security reasons would likely trigger a swift "safeguard" action by the European Union, political and industry sources said. Resorting to a Cold War-era law, Trump has initiated a 'Section 232' review of the US steel... 

Over halfway into the year, steel outshines oil markets

By: Reuters     19th July 2017 Over halfway into 2017, China's steel market has been the best performer among key Asian commodities because of cuts in low-grade steel production capacity that have reduced supply as demand has remained surprisingly strong. However, oil markets have been the worst performer despite a pledge by... 

Numsa warns ‘intransigent’ employers in engineering sector of possible strike 

By: African News Agency      18th July 2017 The National Union of Metalworkers of South Africa (Numsa) on Tuesday slammed “intransigent” employers in the engineering sector and warned of a “total shutdown” in the industry. This comes after Numsa declared a dispute with employers in the engineering sector following deadlock in wage... 

Impending strike could lead to more retrenchments in steel industry, Solidarity warns

By: Anine Kilian     17th July 2017 Trade union Solidarity on Monday said the impending strike in the steel industry would have a negative impact, both on the domestic steel industry and the country’s economy, as well as on job opportunities in the sector. This comes after the South African Federation of Trade Unions (Saftu) had... 

Seifsa appoints new economists

By: Anine Kilian     17th July 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has appointed Dr Michael Ade chief economist and Marique-Mari Kruger economist with effect from July 17 and August 1, respectively. Ade will join Seifsa from the South African Revenue Service where he is capacity director... 

Solidarity ready to pursue bilateral talks to avoid metals sector strike

By: Terence Creamer     13th July 2017 Trade union Solidarity announced on Thursday that it would pursue bilateral talks with employer organisations in the metals and engineering sector in a bid to break a three-week deadlock in wage negotiations. Talks at the Metal and Engineering Industries Bargaining Council (MEIBC) broke down on... 

Solidarity ready to pursue bilateral talks to avoid metals sector strike

Manufacturing output down 0.8% y/y in May

By: Reuters     11th July 2017 South Africa's manufacturing output fell 0.8% year-on-year in May, contracting less than expected, after falling by 4.2% in April, Statistics South Africa said on Tuesday. Economists polled by Reuters had forecast manufacturing volumes would contract by 4.5% year-on-year in May. 

Eurofer ups EU steel demand forecast, warns on 'disastrous' US tariff plan

By: Reuters     10th July 2017 European steel association Eurofer raised its 2017 EU steel demand forecast on Monday but said isolationist measures such as a US plan to levy steel tariffs on national security grounds could be disastrous for global trade flows. Eurofer said apparent EU steel demand, which includes inventory... 

Merkel calls for G20 compromise as crunch climate talks start

By: Reuters     7th July 2017 German Chancellor Angela Merkel pressed fellow Group of 20 leaders to compromise at the start of talks on climate and trade that have pitted US President Donald Trump against virtually every other country in the club of leading economies. The host of the G20 summit addressed her counterparts on... 

AMSA unveils first phase of incubation hub to support emerging industrialists

By: Natasha Odendaal     7th July 2017 Steel producer ArcelorMittal South Africa (AMSA) on Friday unveiled the completed first phase of its new 1 600 m2 steel industry incubation hub, in Vanderbijlpark, which has been set up to help develop industrialists to be absorbed into its procurement supply chain. The R30-million Matlafatso... 

Numsa warns of imminent metals, engineering industry strike

By: Megan van Wyngaardt     7th July 2017 The National Union of Metalworkers of South Africa (Numsa) on Friday warned of an imminent strike in the local metals and engineering sector, after the latest round of negotiations reached a deadlock on Thursday. The union is demanding a two-year 15% wage increase across the board, based on the... 

Locally produced engineering steel declining

By: Nica Schreuder     7th July 2017 It has become cheaper to import finished products manufactured  overseas  than to manufacture engineering steel in the country, which has resulted in more than half the country’s foundries closing down, laments specialised steel and industry expertise company Special Steels MD Byron Ferguson. He... 

Locally produced engineering steel declining
HIGH PROFILE Hydraulic cyclinder components being cut from a 300 mm carbon steel plate at Special Steels

G20 to discuss steel overcapacity as tensions simmer over US tariff plan

By: Reuters     6th July 2017 G20 leaders will discuss steel overcapacity at this week's summit in Germany, European officials said, as tensions rise over US President Donald Trump's plan to use a Cold War-era law to restrict steel imports for national security reasons. Trump launched an investigation into the matter in... 

Germany says remains to be seen what US says on steel at G20

By: Reuters     5th July 2017 Germany said it was waiting to see what US President Donald Trump's delegation had to say on the issue of over capacity in the steel industry at a summit of the Group of 20 leading economies starting in Hamburg on Friday. "I can't say in advance what the results - or individual results - of this... 

China's top steel province to cut capacity to make way for new one

By: Reuters     4th July 2017 China's Hebei province will slash 11.48-million tonnes in outdated steelmaking capacity to accommodate the expansion of a new plant, part of efforts by the country's top steel-producing region to rein in surplus production. China, the world's biggest steel producer, has been shutting outdated... 

Thyssenkrupp wants less than 50% of Tata steel JV – Handelsblatt

By: Reuters     3rd July 2017 German industrial group Thyssenkrupp aims to hold less than half of a steel joint venture it wants to set up with Tata Steel so it can deconsolidate the business from its balance sheet, Handelsblatt reported, citing a company source. Thyssenkrupp and Tata have been in discussions since last year... 

Trump to demand G20 action on steel; closely-watched report delayed

By: Reuters     30th June 2017 US President Donald Trump will use the premise of a national security review of the US steel industry to demand action by the Group of 20 leaders to reduce excess capacity and other distortions in the global steel market, White House economic adviser Gary Cohn said on Thursday. The Trump... 

Argent’s FY profit increases to R106m

By: Megan van Wyngaardt     29th June 2017 Steel-based beneficiation group Argent Industrial on Thursday reported a R106-million operating profit for the year ended March 31, up from R91-million in the prior year. The JSE-listed company said this was despite its manufacturing division being adversely impacted on by the downturn in the... 

Qatar to raise GCC dispute at WTO, Russia to query US steel plans

By: Reuters     29th June 2017 Qatar will raise its dispute with four other Arab States at the World Trade Organization on Friday, while Russia will air its concerns over possible US steel and aluminium tariffs, a draft agenda showed on Thursday. The issues will be debated at the WTO's Council on the Trade in Goods, where the... 

Neasa, AMSA at odds over service delivery and import duties

By: Megan van Wyngaardt     28th June 2017 The National Employers Association of South Africa (Neasa) has accused steel manufacturer ArcelorMittal South Africa (AMSA) of inadequate service delivery, following a survey polling some of the country’s downstream steel companies. Neasa CEO Gerhard Papenfus said in a statement released... 

Neasa, AMSA at odds over service delivery and import duties

Numsa reiterates demands as it prepares for further negotiations in metals, engineering sector

By: Anine Kilian     27th June 2017 The National Union of Metalworkers of South Africa (Numsa) has confirmed it will participate in further meetings with employers in the metals and engineering sector to resolve a wage disputes. Further negotiations will take place on June 28 and 29, and again on July 5 and 6. 

Musina Intermodal Terminal to improve cross-border trade

By: Schalk Burger     26th June 2017 The Musina Intermodal Terminal (MIT), launched on Monday, is set to reduce the cost of cross-border trade, especially for bulk commodities, on the North-South trade corridor. The terminal, about 3 km outside Musina and about 13 km from the Beitbridge border post, will serve to move commodities,... 

Musina Intermodal Terminal to improve cross-border trade
Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies is taken on a tour of the Beitbridge Border Post on Monday

The story behind the partial restart of Highveld Steel 

     22nd June 2017 There are some signs of life at the vast Highveld Steel complex, in Mpumalanga, where all production at was halted in 2015 after the country’s second-largest steelmaker was placed into business rescue. 

The story behind the partial restart of Highveld Steel
The story behind the partial restart of the Highveld Steel

Transnet denies claim that no CSR locomotives made in South Africa 

By: Terence Creamer     21st June 2017 State-owned freight logistics group Transnet has described as “inaccurate” the claim that none of the locomotives procured from China South Rail (CSR) have been manufactured locally. Research commissioned by independent economic research institution Trade and Industrial Policy Strategies (TIPS)... 

Transnet denies claim that no CSR locomotives made in South Africa

Numsa deadlock on wage agreement with employers in engineering sector

By: African News Agency      21st June 2017 The National Union of Metalworkers of South Africa (Numsa) said on Wednesday that wage negotiations and employers in the engineering sector have deadlocked after the union rejected the 5.3% wage increase earlier this month. Numsa has been meeting employers under the auspices of the bargaining... 

South Africa’s steel production fell 3.5% y/y in May

By: Megan van Wyngaardt     21st June 2017 World crude steel production reached 143.3-million tonnes in May, a 2% year-on-year increase, the World Steel Association (worldsteel) reports. South Africa’s output, however, dropped by 3.5%, from 581 000 t in May 2016, to 561 000 t, indicating the ongoing challenges facing the local steel... 

Eskom downgrade has AMSA CEO worried about steel

By: Anine Kilian     14th June 2017 With ratings agency Moody’s Investors Service cutting State power utility Eskom’s credit to two notches below investment grade on Wednesday, ArcelorMittal South Africa (AMSA) CEO Wim de Klerk expressed his concern about the downgrade’s impact on the local steel industry. Addressing delegates at a... 

Eskom downgrade has AMSA CEO worried about steel
ArcelorMittal South Africa CEO Wim de Klerk

Steel industry needs to pull together to fight import risks 

By: Anine Kilian     14th June 2017 In light of the recently implemented safeguard duty on hot-rolled steel, continued collaboration among stakeholders is necessary to protect the steel industry against the influx of steel imports, said consulting firm XA International Trade Advisors director Donald Mackay on Tuesday. Speaking at a... 

Steel industry needs to pull together to fight import risks
South Africa Institute of Steel Construction CEO Paulo Trinchero

Numsa ‘dismayed’ with employers’ proposals in metal and engineering sector talks

By: African News Agency      8th June 2017 The National Union of Metalworkers of South Africa (Numsa) said on Thursday that it was “dismayed” with proposals made by employers in the engineering sector during the two-day wage talks. This comes after Numsa tabled its demands for a 15% wage increase across the board to the employers in the... 

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