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Carbon Steel News

MEIBC changes welcome, but should take employer into consideration

By: Megan van Wyngaardt     Updated 4 hours ago Although the Metal and Engineering Industries Bargaining Council (MEIBC) main agreement negotiation process, that took place from June to August last year, was riddled with technical issues and procedural hurdles, the extension to all nonparty employers and employees falling within the scope of... 

Japan steel federation: China steel output under control despite record 2017

By: Reuters     22nd January 2018 Japan Iron and Steel Federation chairman Kosei Shindo said on Monday China's steel output remains under control despite record output from the world's top producer in 2017, citing abolition of illegal Chinese steel production and solid local demand. Shindo, who is also president of Nippon Steel &... 

IDC assessing 21 applications under R1.5bn downstream steel incentive

By: Terence Creamer     19th January 2018 The Industrial Development Corporation (IDC) is currently assessing 21 potential transactions, worth a combined R437-million, arising from applications for support under a R1.5-billion industrial financing scheme set up in 2017 to support manufacturers of value-added steel products. The... 

IDC assessing 21 applications under R1.5bn downstream steel incentive

China govt curbs drop avg daily steel output to 12-mth low in Dec

By: Reuters     18th January 2018 China's average daily steel output fell 1.9% in December from the previous month, official data showed on Thursday, touching the lowest level in a year as government-imposed production curbs deepened. Total output climbed to 67.05-million tonnes in December from 66.15-million tonnes in November,... 

Davos paper attacks Trump's views on trade

By: Reuters     17th January 2018 US President Donald Trump's view of world trade will be challenged next week when he visits the World Economic Forum (WEF) at Davos, judging by a paper seen by Reuters on Wednesday that is aimed squarely at his "America First" stance. The "Strategic Brief on Misconceptions around Trade Balances"... 

Seifsa warns US antidumping duties could hurt local steel industry

By: Megan van Wyngaardt     12th January 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is worried about the potential impact on the local steel industry of the US Department of Commerce’s (DoC’s) affirmative final determinations in an antidumping duty investigation into imports of carbon and alloy steel... 

China's steel futures fall as snow to curtail construction demand

By: Reuters     4th January 2018 China's steel rebar futures fell on Thursday, breaking a three-day rising streak, on concerns of waning demand in the construction sector because of snow forecasts in the northern part of the country. Cold weather is expected to hit regions across China in the coming week, bringing snow and rain... 

China's steel futures fall as snow to curtail construction demand

ArcelorMittal, Competition Commission reach payment agreement

By: Megan van Wyngaardt     18th December 2017 Local steel manufacturer ArcelorMittal South Africa (AMSA) has reached an agreement with the Competition Commission to divide its 2017 payment into three separate tranches of R100-million each. In 2016, the parties reached a settlement agreement after AMSA admitted to being involved in the long... 

Proposed carbon tax ‘least-cost manner’ to ensuring greenhouse-gas reduction – Treasury 

By: Schalk Burger     15th December 2017 The National Treasury released the Second Draft Carbon Tax Bill for public comment on Friday and averred that it “seeks to give effect to the polluter pays principle . . . and will assist, in a least-cost manner, in reducing greenhouse-gas (GHG) emissions and ensuring that South Africa meets its... 

Decreasing employment in South Africa a sign of ‘deeply troubled economy’ – Seifsa

By: African News Agency      13th December 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Tuesday that South Africa’s employment statistics showed signs of a “deeply troubled economy” and was a serious cause for concern. This comes after Statistics South Africa released its Quarterly Employment... 

China steel futures steady, mill output cuts continue

By: Reuters     12th December 2017 Chinese steel futures held steady on Tuesday, but prices for steelmaking raw material iron ore dropped as steel mills in the world's top producer cut output. China's government has vowed to clear its air, ordering 28 cities to curb industrial production, prompting a shortage of supplies in some... 

Metal workers union continues strike action at Agni Steel in South Africa 

By: African News Agency      11th December 2017 Liberated Metalworkers Union of South Africa (Limusa) said on Monday that it will proceed indefinitely with its strike at Agni Steel South Africa in Port Elizabeth due to protracted wage negotiations that started in 2016 with the company. This comes as the protected industrial action entered a... 

BHP targets cost cuts; sees upside in copper, steel prices

By: Reuters     28th November 2017 Top global miner BHP Billiton said on Tuesday it will drive further cost cuts across its Australian business, and forecast strong price support from China for steelmaking raw materials. BHP will target $1.6-billion in productivity gains at its Australia iron-ore, copper and coal units over the... 

BHP targets cost cuts; sees upside in copper, steel prices
BHP Minerals Australia president Mike Henry

BMW plant refurbishment project nabs Steel Award

     24th November 2017 This year’s Steel Awards, hosted by the Southern African Institute of Steel Construction and  sponsored by steel manufacturer and supplier Aveng Trident Steel, saw BMW’s heavy electric monorail system (H-EMS) win both the overall winner award, and the Safal Steel Innovation Category award. The... 

BMW plant refurbishment project nabs Steel Award
ROOF ASSEMBLY A new roof structure was erected over the existing B50 while the assembly plant remained fully operational

Company embraces industry trends and challenges

By: Nica Schreuder     24th November 2017 The major  trend in steel construction globally is very much towards high-end automation driven by integrated software solutions, which has led to local industrial manufacturer and distributor First Cut’s embracing this trend through energy- efficient  capital equipment and consumables from their... 

Company embraces  industry trends  and challenges
TIMED INVESTMENT The Bystronic laser, a significant capital investment, is one that is best done at the downturn of the industry, or just after the upturn

Declining industry could compromise steel industry quality standards

By: Nica Schreuder     24th November 2017 Cost-cutting measures have been forced upon companies that wish to remain in business in the steel construction and cladding sector, however, this could have a major impact on product safety and performance, with price considerations often taking precedence over quality and safety.... 

Declining industry could  compromise steel industry  quality standards
DODDS PRINGLE Clients must be aware of advertised quality standards in the steel construction industry

Steel company’s optimism fuels technology investment appetite

By: Nica Schreuder     24th November 2017 Steel supplier and processing company Allied Steelrode’s optimism regarding long-term prospects for South Africa’s economy and steel industry has prompted it to continually invest in quality steel equipment. Such an investment was made through the buying of the BLM Adige LT20 jumbo tube laser in... 

Steel company’s optimism fuels technology investment appetite
Photo by Bloomberg
TUBULAR INNOVATION The LT20 creates new possibilities and innovation for architects and structural designers

AMSA welcomes designation of local steel for rail sector  

By: Creamer Media Reporter      23rd November 2017 ArcelorMittal South Africa (AMSA) on Thursday welcomed the latest designations by the Department of Trade and Industry (DTI) of the local content threshold for local production and content in the rail permanent way sector. A permanent way is the structure, comprising the rails, fasteners,... 

Unique repair solutions have ‘unlimited’ applications

By: Robyn Wilkinson     17th November 2017 Applications for industrial lining solutions provider Groupline Projects’ (GLP’s) Armacoat and Armasteel composite repair systems seem to be “unlimited”, as the company embarks on a quest to tailor the repair solutions – tried and tested in the mining sector – for other industries, says GLP GM... 

Unique repair solutions have ‘unlimited’ applications
AFTER The coatings are highly resilient and have, to date, proven to be completely durable, without a known failure

AMSA lifts Q3 production, sales amid difficult trading environment

By: Megan van Wyngaardt     10th November 2017 ArcelorMittal South Africa (AMSA) increased its liquid steel production by 11.2%, or 125 000 t, in the third quarter ended September 30, despite tough trading conditions, owing to higher production at Saldanha Works as a result of the mini reline in the third quarter of last year. However, this... 

Seifsa ‘cautiously optimistic’ following improved PMI

By: Creamer Media Reporter      1st November 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is “cautiously optimistic” about the sector’s performance, in light of data released by the Absa Purchasing Managers' Index (PMI),  which indicates an improvement in activity in the manufacturing sector. This was the... 

M&R sells Genrec to Southern Palace

By: Anine Kilian     30th October 2017 JSE-listed Murray & Roberts (M&R) has sold Genrec to black-owned industrial company Southern Palace Group. Certain assets and liabilities are excluded from the transaction and will remain with the group. 

Seifsa concerned about US investigation into carbon, alloy steel iron rod imports

By: Anine Kilian     30th October 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) says it is extremely concerned that the challenges facing the local steel industry will only worsen if the US Department of Commerce and the US International Trade Commissions’ (ITC’s) parallel investigations to determine... 

Global steel production for 9 months to Sept up 5.6% y/y

By: Anine Kilian     23rd October 2017 Global crude steel production for the first nine months of this year reached 1.27-billion tonnes – a 5.6% year-on-year increase. The World Steel Association (worldsteel) on Monday reported that Asia had produced 876.3-million tonnes of crude steel in the first nine months of this year, an... 

Transnet locomotive corruption probe extended as Parliament gears up for inquiry

By: Terence Creamer     9th October 2017 Democratic Alliance (DA) Shadow Minister of Trade and Industry Dean Macpherson is preparing a list of witnesses to appear before a Parliamentary Portfolio Committee for Trade and Industry inquiry into the failure of China South Rail (CSR) to meet local-content obligations as part of its supply of... 

Transnet locomotive corruption probe extended as Parliament gears up for inquiry

Absa PMI rises slightly in September; remains below 50

By: Anine Kilian     2nd October 2017 The Absa Purchasing Manager’s Index (PMI), compiled by the Bureau for Economic Research (BER), nudged slightly higher to a still weak level of 44.9 in September from 44 in August. The index has been well below its neutral level of 50 for four consecutive months. 

Expanded steel services firm eyeing specialist construction, industrial markets

By: Schalk Burger     29th September 2017 Stainless steel fabricator and welding services firm Hlakani Engineering aims to provide end-to-end services for specialist construction and industrial projects after it acquired Middleburg-based structural steel company F&K Engineering, says Hlakani director Gerhard Holtshauzen. The acquisition... 

Expanded steel services firm eyeing  specialist construction, industrial markets
Photo by Victor Moolman
STEEL SKILLS Hlakani is focused on the internal development of expert welders and artisans

Strategic review at Aveng likely to trigger noncore disposals

By: Terence Creamer     26th September 2017 Aveng executive chairperson Eric Diack, who has stepped in as acting CEO at the construction group following Kobus Verster’s surprise resignation, says a “no-holds-barred” strategic review is currently under way in a bid to improve the company’s immediate liquidity position and position it for a... 

Strategic review at Aveng likely to trigger noncore disposals
Aveng executive chairperson Eric Diack

Global steel output up 6.3% y/y in August

By: Creamer Media Reporter      22nd September 2017 Global crude steel production for the 67 countries reporting to the World Steel Association (worldsteel) increased by 6.3% year-on-year to 143.6-million tonnes in August. China’s crude steel output increased by 8.7% year-on-year to 74.6-million tonnes, while India’s output increased by 4.1%... 

Seifsa supports Empowered Engineering and Manufacturing initiative

By: Creamer Media Reporter      20th September 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has partnered with Smart Procurement World to launch the Empowered Engineering and Manufacturing initiative, which is aimed at driving economic transformation and industrial progress in engineering and manufacturing. “The... 

South Africa’s collective bargaining system on a knife-edge

By: Terence Creamer     15th September 2017 South Africa’s centralised collective bargaining system is at a critical “turning point”, with the sustainability of the current model being widely questioned in light of growing opposition to the extension of wage settlements to non-parties to the negotiations. Steel and Engineering Industries... 

South Africa’s collective bargaining system on a knife-edge

Improving manufacturing value-add key to a more equal society

By: Natasha Odendaal     14th September 2017 The revival and expansion of the manufacturing sector could play a critical role in South Africa’s challenging battle against deepening levels of inequality. High levels of manufacturing value add (MVA) can unlock opportunities for employment and greater equality in a country that suffers high... 

Improving manufacturing value-add key to a more equal society
Photo by Duane Daws
Dr Martyn Davies

Task team set up to address lack of adherence to local-content regulations

By: Terence Creamer     12th September 2017 Trade and Industry Minister Dr Rob Davies reports that a task team has been established to assess how to improve local-content enforcement across government departments and the State-owned companies (SoCs) in line with instruction notes issued by the National Treasury. The instruction notes... 

Task team set up to address lack of adherence to local-content regulations
Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies

Thermal spray coatings provide protection for refineries

     8th September 2017 Thermal spray coatings can produce significant cost savings for refineries by reducing the amount of piping maintenance required to guard against the consequences of corrosion under insulation (CUI), says wear solutions provider Weartech director Adam Wintle.  

Thermal spray  coatings provide  protection for refineries
PROTECTIVE LAYER Coatings produced with thermal spraying are formed when millions of particles are deposited on top of each other and are bonded to the substrate

New Transnet, DBSA finance scheme set up to support African rail exports

By: Terence Creamer     28th August 2017 State-owned entities Transnet and the Development Bank of Southern Africa (DBSA) have agreed to create a new facility that will extend favourable financing to African and Middle Eastern buyers of Transnet Engineering’s (TE’s) rail rolling stock and port equipment. The financing scheme will be... 

New Transnet, DBSA finance scheme set up to support African rail exports
Photo by Duane Daws
Transnet chief officer in advanced manufacturing Thamsanqa Jiyane

AMSA’s new incubator to develop industrialists for its procurement supply chain 

     24th August 2017 ArcelorMittal South Africa has completed the first phase of its new 1 600 m2 Matlafatso steel industry incubation hub, in Vanderbijlpark, to help develop and absorb young emerging industrialists into its procurement supply chain. Natasha Odendaal tells us more. 

AMSA’s new incubator to develop industrialists for its procurement supply chain
Amsa’s new incubator to develop industrialists for its procurement supply chain

Global steel production up 6.3% y/y in July

By: Creamer Media Reporter      24th August 2017 Global steel production increased by 6.3% year-on-year to 143.2-million tonnes in July. The World Steel Association (worldsteel) on Thursday reported that China’s crude steel production had increased by 10.3% year-on-year to 74-million tonnes, while India’s output increased by 3.5% year-on-year... 

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