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Carbon Steel News

EU starts new investigation into steel imports from China

By: Reuters     24th May 2018 The European Commission has opened an investigation into hot-rolled steel sheet piles imported from China to determine whether they are being dumped in Europe, according to a notice in the EU Official Journal on Thursday. The investigation into a form of steel used in construction was launched... 

India takes US steel tariffs complaint to the WTO

By: Reuters     23rd May 2018 India has launched a complaint against the US to challenge President Donald Trump's tariffs on steel and aluminium, a filing published by the World Trade Organization (WTO) showed on Wednesday. Indian officials told Reuters last month that their government would open a WTO dispute if the... 

Japan, Russia, Turkey bring potential US tariff retaliation to $3.5bn

By: Reuters     22nd May 2018 Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminium, the World Trade Organization said on Tuesday, bringing the total US tariff bill to around $3.5-billion annually. The three countries detailed their compensation claims in... 

Allied Steelrode, seven others join task force to lobby for support of downstream steel industry

By: Marleny Arnoldi     21st May 2018 Steel supplier and processing company Allied Steelrode has affirmed its commitment to an industry representative group the CEO Task Force, which will aid in regenerating the country’s steel sector, through mobilising the downstream industry – which suffers the most when challenges arise in the... 

Allied Steelrode, seven others join task force to lobby for support of downstream steel industry
Allied Steelrode executive director Warne Rippon

Fuchs Lubricant opens new grease manufacturing plant in Gauteng

By: Marleny Arnoldi     16th May 2018 Lubricants specialist Fuchs Lubricants South Africa (Fuchs SA), together with its parent company Fuchs Petrolub, on Wednesday launched a R125-million grease manufacturing plant at its factory, in Isando, Gauteng. The plant will allow Fuchs to manufacture specialty greases for the local market, as... 

Fuchs Lubricant opens new grease manufacturing plant in Gauteng
Photo by Dylan Slater
Fuchs SA MD Paul Deppe and Fuchs Petrolub CEO Stefan Fuchs

India's Tata Steel posts Q4 profit

By: Reuters     16th May 2018 Tata Steel on Wednesday posted a net profit of 146.88-billion rupees ($2.17-billion) for the quarter ended March 31, aided by a one-time gain. The Indian steelmaker saw an exceptional gain of 113.76-billion rupees in the quarter, which included a gain from the restructuring of its UK pension scheme. 

Some inroads made after ten years of the Industrial Policy Action Plan - Davies

By: Kim Cloete     15th May 2018 Ramping up production in the automotive sector, resuscitating the ailing tooling industry and boosting the clothing, textiles, leather and footwear industries are among successes the government has listed in its review of ten years of the Industrial Policy Action Plan (Ipap). Despite a... 

Some inroads made after ten years of the Industrial Policy Action Plan - Davies

Government releases its tenth Industrial Policy Action Plan 

By: Kim Cloete     15th May 2018 The government has released its Industrial Policy Action Plan (Ipap) 2018, with a sharp focus on deepening industrial development, speeding up radical economic transformation and increasing the ability to produce higher value-added products. Trade and Industry Minister Dr Rob Davies said it was... 

Government releases its tenth Industrial Policy Action Plan
Photo by Creamer Media
Trade and Industry Minister Dr Rob Davies

Solidarity announces action plan on US steel, aluminium import tariffs

By: Marleny Arnoldi     14th May 2018 Trade union Solidarity on Monday announced an action plan in response to the decision by the US not to grant the South African steel and aluminium industry exemption from import tariffs on steel and aluminium.  

AMSA liquid steel production increases by 5.9% in Q1

By: Simone Liedtke     11th May 2018 ArcelorMittal South Africa’s (AMSA’s) liquid steel production increased by 5.9% to 71 000 t in the three months ended March 31. The higher output was mainly owing to higher production at its Vanderbijlpark Works and Saldanha Works, which was partly offset by lower long products output following... 

AfriSam anchor sponsor for Fulton Awards

By: Jessica Oosthuizen     11th May 2018 Leading concrete materials supplier AfriSam is the anchor sponsor for the 2019 biennial Fulton Awards, hosted by nonprofit organisation the Concrete Society of Southern Africa (CSSA). According to AfriSam, the event recognises the possibilities that concrete structures create for society and,... 

AfriSam anchor sponsor for Fulton Awards
INNOVATIVE INFRASTRUCTURE The Fulton Awards is an event that honours excellence and innovation in the design and use of concrete

South Africa to continue lobbying US for exemption on steel, aluminium tariffs

By: African News Agency      10th May 2018 South Africa will continue talks with the United States in a bid to get concessions on import tariffs on aluminium and steel, Communications Minister Nomvula Mokonyane said on Thursday. Briefing journalists on the outcomes of Wednesday's fortnightly cabinet meeting, Mokonyane said government was... 

How Trump's steel tariffs kick the can business

By: Reuters     10th May 2018 Dan Vincent is in a bind. The president of Pacific Coast Producers (PCP) plans to use around 700-million tin-coated steel cans this year for tomatoes, peaches and pears from 168 growers here in California. 

Subramanian resigns as AMSA CFO

By: Marleny Arnoldi     8th May 2018 Dean Subramanian will step down as executive director and CFO of ArcelorMittal South Africa (AMSA) on July 31, to pursue an opportunity outside the company.  

Tariff war could derail global recovery – ECB

By: Reuters     7th May 2018 Protective tariffs imposed by the US in recent months have only had a minor impact on the world economy but a significant escalation in tensions could derail the recovery in global trade, the European Central Bank (ECB) said on Monday. Retaliation and a full fledged trade war could increase... 

Vanadium market expected to achieve 3.2% CAGR to 2027

By: Nadine James     4th May 2018 Diversified miner Bushveld Minerals expects the vanadium market to expand by a compound annual growth rate (CAGR) of 3.2% between 2017 and 2027, on the back of strong steel demand and a growing energy storage market, Bushveld Minerals CEO and cofounder Fortune Mojapelo said in a webcast on... 

Vanadium market expected to achieve 3.2% CAGR to 2027

South Africa views itself as ‘collateral damage’ in global trade war

By: Terence Creamer     2nd May 2018 Department of Trade and Industry (DTI) believes South Africa has become “collateral damage in the trade war of key global economies” after the country was excluded from a list of countries exempted from tariffs imposed by the US on steel and aluminium imports. While insisting that the country... 

South Africa views itself as ‘collateral damage’ in global trade war
US President Donald Trump

Global crude steel production up 4% y/y in March

By: Marleny Arnoldi     25th April 2018 World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.33-million tonnes in March – a 4% increase compared with production for March 2017.  

Trump: 'Very good chance' of a US-China trade deal

By: Reuters     25th April 2018 US President Donald Trump on Tuesday said the US would likely reach a trade agreement with China and that officials from both sides would sit down for negotiations in a few days. China has said it would welcome a visit by US Treasury Secretary Steven Mnuchin, who is seeking to resolve a tense... 

India would file dispute with WTO if US rejects exemption on tariffs – sources

By: Reuters     23rd April 2018 India would lodge a trade dispute against the United States at the World Trade Organisation (WTO) if Washington does not grant it exemptions from higher tariffs on steel and aluminium, three government officials involved in trade talks told Reuters. India recently requested exemptions, arguing... 

Agreement opens way for R1.8bn oil services hub at Saldanha port

By: Terence Creamer     23rd April 2018 A private port terminal operator has been selected to build and operate South Africa’s first offshore supply base (OSSB) at the Port of Saldanha, in the Western Cape. The facility, which will involve investments of R1.8-billion over the coming five years, will provide services to offshore oil and... 

Agreement opens way for R1.8bn oil services hub at Saldanha port
Port of Saldanha

Tokyo Steel to keep product prices steady in May

By: Reuters     16th April 2018 Tokyo Steel Manufacturing, Japan's top electric-arc furnace steelmaker, on Monday said it would hold product prices steady in May due to slow local demand. The decision marks three months of price freezes by the company. 

Global trade growth strong but at risk if conflict escalates, WTO says

By: Reuters     12th April 2018 World trade in goods is maintaining a robust recovery, but it still might falter if trade tensions escalate further, the World Trade Organization said in its annual forecast on Thursday. Trade in goods will grow 4.4% this year after a decade averaging 3.0% a year following the financial crisis.... 

Seifsa celebrates transformed companies in metals, engineering sector

By: Simone Liedtke     9th April 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has called on companies that have embraced transformation in the metals and engineering sector to submit entries for the Most Transformed Company of the Year category of this year’s Seifsa Awards for Excellence. The... 

China seeks WTO dispute resolution with US over steel, aluminum tariffs

By: Reuters     5th April 2018 China's commerce ministry said on Thursday it has initiated a World Trade Organization (WTO) dispute resolution procedure over US tariffs on its import of steel and aluminum. The move follows a back and forth dispute between the two countries over free trade, that has escalated from an... 

Renewed optimism in industry for Middelburg-based Columbus Stainless steel plant 

5th April 2018 Middelburg-based Columbus Stainless aims to remain committed to the growing domestic stainless steel market, while Sassda believes that 2018 may be the year to break the downward trend of consumption in South Africa. 

Renewed optimism in industry for Middelburg-based Columbus Stainless steel plant
Renewed optimism in industry for Middelburg-based Columbus Stainless steel plant. Editing: Christo Greyling

Kobe Steel to invest $471m to raise automotive steel output

By: Reuters     4th April 2018 Kobe Steel, Japan's third-biggest steelmaker, said on Wednesday it will invest 50-billion yen ($471-million) in domestic facilities to increase output of high-tensile steel to meet a growing need for lighter materials from automakers. It is the company's first major capital investment since it... 

Competition Commission approves Amsted’s acquisition of Scaw Cast Products

By: Marleny Arnoldi     29th March 2018 The Competition Commission has approved the proposed acquisition by US-based manufacturer Amsted Rail Company of Cast Products South Africa (SA).  

Trade back on the global, African agenda 

29th March 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Africa’s plans to conclude a continental free trade agreement and South Africa’s discussions with the US regarding steel tariffs. 

Trade back on the global, African agenda
Trade back on the global, African agenda

WTO chief sees no sign of US walking away from WTO

By: Reuters     28th March 2018 There is no sign that the United States is distancing itself from the World Trade Organization, and negotiations are underway to avert a global trade war, WTO Director-General Roberto Azevedo said in a BBC interview broadcast on Wednesday. US President Donald Trump has launched a series of... 

South Africa willing to accept metals quotas as it intensifies bid for US tariffs exclusion 

By: Terence Creamer     26th March 2018 Trade and Industry Minister Dr Rob Davies revealed on Monday that South Africa was willing to accede to quotas on its steel and aluminium exports to the US as part of the country’s ongoing bid to be excluded from tariffs imposed on March 23 following a proclamation signed by President Donald... 

South Africa willing to accept metals quotas as it intensifies bid for US tariffs exclusion
Photo by Reuters
US President Donald Trump

South Korea steel shares rise on US steel tariff exemption

By: Reuters     26th March 2018 South Korea's steelmakers rose on Monday, with market heavyweight Posco leading the overall sector after the United States agreed to exempt South Korea from its new steel tariffs. Washington will impose a quota on steel imports instead, while South Korea in return will improve access for U.S.... 

Global crude steel production increases 3.5% y/y in February

By: Simone Liedtke     26th March 2018 Global crude steel production increased by 3.5% year-on-year to 131.8-million tonnes in February, the World Steel Association (worldsteel) reported on Monday. Africa’s crude steel production increased by 4% year-on-year to 1.1-million tonnes, mainly as a result of a 7.6% year-on-year increase in... 

South Africa makes formal request for exclusion from US metals tariffs 

By: Terence Creamer     23rd March 2018 Trade and Industry Minister Dr Rob Davies has made a formal submission to the US requesting the exclusion of South Africa from the imposition of duties on steel and aluminium products. A provision allowing for country-based exclusions from a 25% increase in the steel tariff and a 10% duty on... 

South Africa makes formal request for exclusion from US metals tariffs
US President Donald Trump

Trump temporarily excludes EU, six other allies from steel tariffs

By: Reuters     23rd March 2018 US President Donald Trump has temporarily excluded six countries, including Canada and Mexico, and European Union states from higher US import duties on steel and aluminum meant to come into effect on Friday. In a Presidential proclamation published late on Thursday, Trump said he would suspend... 

EU trade chief hopeful of exemption from Trump tariffs

By: Reuters     22nd March 2018 European Trade Commissioner Cecilia Malmstrom expressed cautious optimism on Thursday that US President Donald Trump would exempt the European Union from import tariffs to be imposed on steel and aluminium. The United States is set to begin charging import duties of 25% on steel and 10% on... 

China partially wins WTO case over Obama-era US tariffs

By: Reuters     22nd March 2018 The US did not fully comply with a 2014 ruling against its anti-subsidy tariffs on a range of Chinese products, a World Trade Organisation compliance panel said in a ruling on Wednesday that either side can appeal within 20 days. The ruling came ahead of the White House's announcement on... 

China partially wins WTO case over Obama-era US tariffs

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