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Carbon Steel News

Canada's construction steel buyers face tariff 'roulette'

By: Reuters     4th December 2018 Canadian steel buyers are racing to get construction steel into the country to claim first-come, first-serve exemptions from tariffs that were meant to stabilize the country's market in the wake of US President Donald Trump's metals tariffs. With steel prices already high, the companies that... 

EU proposes new WTO reform to safeguard dispute settlement body

By: Bloomberg     26th November 2018 The European Union (EU) unveiled a new proposal that seeks to stave off paralysis of the World Trade Organisation’s (WTO's) dispute settlement system by unblocking the appointment of its appellate body members, according to a statement Monday. The proposal has the backing of Australia, Canada,... 

Firm’s design breathes new life into industry

By: Simone Liedtke     23rd November 2018 Multidisciplinary consulting engineering firm Arup was commended for its finalist entry of the V&A Grain Silo Complex façade in the architectural category at the 2018 South African Steel Awards, held last month. The R500-million V&A Grain Silo project, once an agricultural silo for grain storage... 

Firm’s design breathes  new life into industry
CROWN JEWEL The V&A Grain Silo Complex project was once an agricultural silo for grain storage, and is now features prominently in the silo district development

Trade wars costly to long-term construction projects

By: Simone Liedtke     23rd November 2018 Owing to the global trade war in steel prices, local manufacturers, such as local steel fabricator Fabcon, are finding it difficult to quote for long-term construction projects. “The stockholding of any steel company is dramatically reduced, as companies are unwilling to hold stock for a longer... 

Trade wars costly  to long-term construction projects
ANDREW VAN GOOL Companies are unwilling to hold stock for a longer period of time

Steel construction, cladding industry demand to continue increasing

By: Simone Liedtke     23rd November 2018 The demand for steel in South Africa’s construction and cladding sector will continue to increase, owing to its myriad of applications and ease of installation, says steel gratings, stair treads, pressed floors and safety handrails manufacturer Vital Engineering technical director Glen Pringle.... 

Steel construction, cladding industry demand to continue increasing
DIVERSIFIED PRODUCT OFFERING Vital Engineering supplies various items, including stainless steel handrails, GRP products, galvanised steel gratings and stainless steel gratings

Stimulus plan, more efficient processing to promote steel construction growth

By: Simone Liedtke     23rd November 2018 With the new stimulus plan announced under President Cyril Ramaphosa’s leadership, South Africa’s economy is poised for an upturn, which will inevitably promote growth in the steel construction sector, says cutting consumables and capital equipment distributor First Cut MD Andrew Poole. “This... 

Stimulus plan, more efficient processing to promote steel construction growth
SOLUTIONS PROVIDER First Cut supplies processing solutions, which comprise its latest-generation fribelaser solutions that cut sheet steel

Signs of positive change in steel sector

By: Simone Liedtke     23rd November 2018 The drive to import certain quantities of steel has gained impetus during 2018, as a result of some doubts in the steel manufacturing industry about the ability of local mills to produce the required level of quality of certain products they require, steel processor and supplier Allied Steelrode... 

Signs of positive change in steel sector
WARNE RIPPON There has also more recently been a concerted effort made by the primary steel producer to improve its product quality

China and US accuse each other of hypocrisy as WTO litigation begins

By: Reuters     22nd November 2018 The United States and China clashed on Wednesday at a World Trade Organization meeting with a US envoy accusing Beijing of using the WTO to pursue "non-market" policies and a Chinese official saying it was Washington that was flouting the rulebook. US President Donald Trump has outraged US... 

WTO to set up panels to rule on US tariff disputes

By: Reuters     21st November 2018 The US and opponents of President Donald Trump's steel and aluminium tariffs both confirmed their wish to litigate on Wednesday, triggering the procedure for World Trade Organization dispute hearings, a Geneva trade official said. China, the European Union, Canada, Mexico, Norway, and Russia all... 

Brazil, India to defy global slowdown of iron-ore production up to 2027

By: Marleny Arnoldi     21st November 2018 The global iron-ore market will stay well supplied up to 2027, supported by expanding output in Brazil and India, says Fitch Solutions’ Macro Research unit. Global iron-ore production will grow modestly from 3.36-billion tonnes to 3.41-billion tonnes by 2027, representing a yearly growth rate... 

Automaker groups warn US tariffs will undermine new NAFTA deal

By: Reuters     16th November 2018 US automakers and parts suppliers on Thursday warned that President Donald Trump's steel and aluminum tariffs and threatened car tariffs would undermine the benefits of the new deal to modernize the North American Free Trade Agreement, causing widespread job losses. At a wide-ranging hearing... 

Allied Steelrode launches second stretcher leveller amid lacklustre environment 

15th November 2018 Allied Steelrode earlier this month launched its second stretcher leveller, a machine which helps to eliminate the stresses in steel, amid a somewhat lacklustre local business environment. Simone Liedtke, who attended the launch, tells us a bit more. 

Allied Steelrode launches second stretcher leveller amid lacklustre environment
Allied Steelrode launches second stretcher leveller amid lacklustre environment

Vanadium batteries the solution to meet growing energy storage demand – Bushveld 

By: Simone Liedtke     14th November 2018 Vanadium redox flow batteries (VRFBs) are a front-runner technology for meeting the growing demand in the energy storage sector, says Bushveld Energy CEO Mikhail Nikomarov. During a webinar on energy storage this week, he noted that data by US-based multiservice professional firm Navigant shows... 

Canada's Trudeau says he discussed steel tariffs with Trump in Paris

By: Reuters     12th November 2018 Canadian Prime Minister Justin Trudeau said on Monday he had discussed U.S. steel and aluminium tariffs with President Donald Trump over the weekend and that he hoped to reach a resolution on the matter by the G20 summit in Argentina. "I absolutely brought up the issue of steel and aluminium... 

Energy reuse to help base metals industries

By: Schalk Burger     9th November 2018 Base metals-production industries can maximise the capture of waste heat and reuse it to reduce energy use, and South Africa has does not have many heat reclamation systems in place, compared to widespread use of these systems in developing countries, such as China, says energy-intensive industry... 

Energy reuse to help base metals industries
WASTE-HEAT RECOVERY A waste-heat recovery system in a cement plant

Allied Steelrode launches second stretcher leveller to meet growing demand 

By: Simone Liedtke     8th November 2018 As a result of increasing demand for stretched and flattened steel, local steel supplier and processing company Allied Steelrode on Thursday launched a second stretcher leveller at its Midvaal-based facility for the production of Allied Steelrode Stretcher Material (ASSM). Having the stresses of... 

Allied Steelrode launches second stretcher leveller to meet growing demand
Allied Steelrode executive director Warne Rippon and group CE Arun Chadha speak to Engineering News Online about the company’s most recent purchase, a second stretcher leveler, as well as some of the company’s corporate social investments in the Midvaal area. Video & Editing: Nicholas Boyd

European automakers BMW, Volvo to trial new LME steel contracts

By: Reuters     6th November 2018 European automakers BMW and Volvo plan to experiment with steel contracts to be launched by the London Metal Exchange early next year, a move which could eventually change the way the industry hedges and prices contracts, industry sources said. The LME is launching three hot rolled coil (HRC)... 

AMSA’s shares rise on finalisation of Macsteel sale

By: Marleny Arnoldi     5th November 2018 Steel producer ArcelorMittal South Africa (AMSA) has finalised the sale of its 50% interest in Netherlands-based Macsteel International Holdings for nearly R3-billion to a subsidiary of Macsteel Holdings Luxembourg. The sale is expected to strengthen the company’s balance sheets, amid... 

AMSA reports rise in Q3 sales and output

By: Terence Creamer     1st November 2018 Steel producer ArcelorMittal South Africa (AMSA) has reported increased production and sales for the quarter ended September 30, 2018. The JSE-listed company told shareholders on Thursday that liquid steel production increased by 4.8% to 59 000 t, mainly as a result of higher output from its... 

AMSA reports rise in Q3 sales and output

US steel tariff fight stirs up a swarm of WTO litigation

By: Reuters     30th October 2018 The United States urged European Union governments on Monday to reflect on whether it was really in their interest to go ahead with a trade dispute over US metals tariffs, and said it was hopeful of settling the issue with Mexico and Canada. The US tariffs attracted an unprecedented seven... 

South Africa welcomes product exclusion for some steel, aluminium products from Section 232 duties

By: Simone Liedtke     24th October 2018 Following an announcement that the US Department of Commerce has granted product exemptions for certain aluminium and steel products, Trade and Industry Minister Dr Rob Davies on Wednesday welcomed the positive developments as a step towards normalising trade relations between South Africa and... 

How strong steel might kill off the next big battery metal story

By: Bloomberg     23rd October 2018 Vanadium’s astonishing rally is threatening its chances of being the next big battery metal. Prices have surged more than 800% in about two years, driven by Chinese demand for stronger steel. There’s also been speculation that vanadium will become a key metal for the battery industry. But with... 

Clash over Trump tariffs heats up with barrage of WTO litigation

By: Reuters     19th October 2018 Disputes over US tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions. The agenda for an Oct. 29 meeting of the WTO's dispute settlement body on Friday confirmed the legal moves,... 

Norway, EU ask WTO to set up panel on US steel, aluminium tariffs

By: Reuters     19th October 2018 Norway, the European Union and several other countries asked the World Trade Organization (WTO) on Thursday to set up a dispute resolution panel to address US tariffs on steel and aluminium, Oslo's foreign minister said. "We believe that US additional duty on steel and aluminium is contrary to... 

Global steel body hikes demand forecasts, but says risks remain

By: Reuters     16th October 2018 The World Steel Association on Tuesday doubled its 2018 and 2019 forecasts for growth in global demand for the material used in everything from cars to construction, but said that trade tensions were clouding the outlook for the sector. The caution over trade from a body that represents 85% of... 

Global steel body hikes demand forecasts, but says risks remain

Connecting international expertise to South African opportunities

By: Shannon de Ryhove     12th October 2018 European alliance partner company GC Top Technologies — an Italian company based in South Africa — aims to connect international suppliers of the best available technologies with South African clients that require improved efficiency, enhanced productivity and environment-friendly solutions. The... 

AMSA seeks growth opportunities in sub-Saharan Africa amid muted domestic steel demand

By: Nadine James     10th October 2018 In light of weak domestic demand, ArcelorMittal South Africa (AMSA) has implemented a strategy to enhance its short-term profitability and cashflow, thereby, ensuring the business’ sustainability and positioning it to exploit growth in the sub-Saharan Africa region, says CEO Kobus Verster. During... 

 AMSA seeks growth opportunities in sub-Saharan Africa amid muted domestic steel demand
Photo by ARCELORMITTAL
ArcelorMittal Vanderbijlparjk Works

Trade rules need to address Chinese excess capacity – EU's Moscovici

By: Reuters     10th October 2018 Any rewrite of global trading rules must deal with the issue of excess industrial capacity in China, European Commission Economic Commissioner Pierre Moscovici said on Wednesday. "We absolutely need to address the issue of overcapacities in China. Nobody can say that this is not a problem. This... 

Turkey puts import quotas on steel – WTO filing

By: Reuters     8th October 2018 Turkey will introduce quotas on the amount of steel it imports from Oct. 17, with an additional 25% duty on any imports above the quotas, it said in a filing published by the World Trade Organization on Monday, blaming a surge in imports. It said it had begun investigating the case for emergency... 

Dube TradePort continues to inject billions into local economy, job creation – MEC

By: Simone Liedtke     2nd October 2018 The Dube TradePort, which incorporates the King Shaka International Airport, has in the past ten years invested R11.5-billion into the South African economy and created nearly 100 000 jobs, KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Sihle Zikalala said on Tuesday.... 

China's at 'peak steel' right now, top iron-ore shipper says

By: Bloomberg     2nd October 2018 The world’s largest steel market is about to go into reverse. Production in China will peak in 2018 and then shrink next year as local demand drops, according to forecasts from the Australian government, which says the shift will add to headwinds for core ingredient iron ore. Mainland steel... 

Absa PMI weakens further in September

By: Marleny Arnoldi     1st October 2018 The Absa Purchasing Managers’ Index (PMI) remained virtually unchanged at a weak level of 43.2 points in September. The latest figure dashed hopes that the sharp PMI decline in August – to 43.4 points, down from July’s 51.5 points – was a one-off occurrence. The August figure was already an... 

AMSA to finalise Macsteel sale by Dec

By: Marleny Arnoldi     27th September 2018 Steel producer ArcelorMittal South Africa’s (AMSA’s) shareholders on Thursday approved the sale of AMSA’s 50% indirect interest in Netherlands-based Macsteel International Holdings (MIH) to a subsidiary of Macsteel Holdings Luxembourg for $220-million, or R2.8-billion. AMSA advised that the... 

WTO cuts world merchandise trade forecasts for 2018 and 2019

By: Reuters     27th September 2018 World trade growth is likely to be slower than previously thought in 2018 and 2019, although the direct economic effects of a trade war that has blown up this year have been modest so far, the World Trade Organization (WTO) said on Thursday. The WTO forecast world trade in goods would grow by... 

EU regulators to rule on Thyssenkrupp, Tata Steel venture by Oct 30

By: Reuters     26th September 2018 European Union (EU) antitrust regulators will decide by October 30 whether to allow Germany's Thyssenkrupp and India's Tata Steel to create Europe's No. 2 steelmaker, the European Commission said on Wednesday. The companies unveiled their plan for a steel joint venture in July after two years of... 

Global crude steel production rises 2.6% y/y in August

By: Simone Liedtke     25th September 2018 Global crude steel production increased by 2.6% year-on-year to 151.7-million tonnes in August, the World Steel Association (worldsteel) reports. According to the data, which was released on Tuesday, China’s crude steel production for August was 80.3-million tonnes, an increase of 2.7% compared... 

Africa’s metals, engineering cluster needs to do more to attract investment 

By: Marleny Arnoldi     21st September 2018 Steel and Engineering Industries Federation of Southern Africa (Seifsa) chief economist Dr Michael Ade has declared Africa’s metals and engineering sector open for business. Ade was addressing delegates on the second day of Seifsa’s fourth annual Metals and Engineering Indaba, in Johannesburg. 

Africa’s metals, engineering cluster needs to do more to attract investment
Seifsa chief economist Dr Michael Ade talks about the need for South Africa's metals and engineering sector to increase its exports throughout Africa, while IFC senior investment officer Paul Mukasa discusses financing in Africa. Video and editing: Darlene Creamer.
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