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Carbon Steel News
IMF's Lagarde says global economic outlook darkening by the day
By: Reuters 12th June 2018 International Monetary Fund (IMF) chief Christine Lagarde led an attack by global economic organisations on US President Donald Trump's "America First" trade policy on Monday, warning that clouds over the global economy "are getting darker by the day". Trump backed out of a joint communique... →
Germany sees no quick solution to trade row with US, open to talks
By: Reuters 11th June 2018 Germany sees no immediate solution to the trade dispute between the United States and other major economies but remains open to talks "among friends", Economy Minister Peter Altmaier said on Monday, seeking to head off a full-blown global trade war. US President Donald Trump backed out of a joint... →
Decline in machine tools indicative of manufacturing state
By: Halima Frost 8th June 2018 Although machine tools are the backbone of most industries, their market volume has decreased by 30% a year in the past three years, reflecting the state of the manufacturing sector, says Machine Tool Merchants Association (MTMA) chairperson Paul Savides. “It seems as if we are already 20% down... →
Supplier expanding its tools range
By: Halima Frost 8th June 2018 Machine Tool and Metrology equipment supplier WD Hearn will exclusively distribute and service coordinated measuring machines (CMM) from LK Metrology – formerly known as Nikon Metrology. WD Hearn have also been appointed sole agents for ANCA CNC Machines in South Africa who manufacture CNC Tool &... →
Technology revolutionises machine tools industry
By: Halima Frost 8th June 2018 Additive manufacturing, which includes the use of three-dimensional and computer-aided-design to make stronger and more reliable components for the machine tool industry, has revolutionised the machine tool industry, says machine tools supplier Reliable Technical Consultants (Retecon). Retecon... →
Small machines with big capabilities
By: Halima Frost 8th June 2018 Global machine tool supplier Hurco’s BX40i double-column, bridge-type machine, originally launched in 2016, has been upgraded to service a variety of trades, from general manufacturing to highly specialised industries such as the aerospace sector. The stability of the double-column design and the... →
Tribunal confirms R40m settlement agreement with Cape Gate
By: Simone Liedtke 7th June 2018 The Competition Tribunal has confirmed a R40-million settlement agreement with wire and steel manufacturer Cape Gate, following the company’s admission of price fixing, dividing markets and collusive tendering in respect of lightly galvanised wire, nails, wire and various wire products. The... →
LME says plans to launch about 15 new contracts in January 2019
By: Reuters 7th June 2018 The London Metal Exchange (LME) plans to launch around 15 new contracts from next January, including cash-settled cobalt and hot-rolled coil steel contracts, an executive said on Wednesday. "We will put in place the technical capabilities by November and then we'll launch them from January,"... →
Solidarity launches four-pronged steel industry initiative amid global steel crisis
By: Schalk Burger 5th June 2018 Trade union Solidarity on Tuesday launched a four-pronged initiative to address and mitigate the impacts of the global steel crisis on local steel producers in an attempt to save jobs and local manufacturing capacity. Solidarity deputy general secretary for metals engineering Marius Croucamp... →
EU initiates WTO case against US steel, aluminium tariffs – WTO official
By: Reuters 1st June 2018 The European Union on Friday submitted a request for consultations with the United States on steel and aluminium tariffs announced by Washington, a first step in the WTO dispute settlement process, a World Trade Organization official said. "The WTO Secretariat has received the EU request for... →
South African steel companies urged to diversify markets in wake of US tariff setback
By: Kim Cloete 31st May 2018 South African steel companies need to continue to look for new markets, particularly in Africa, following the recent setback in which the US government decided not to grant South Africa an exemption on steel and aluminum tariffs, says Economic Development Minister Ebrahim Patel. “We will need to... →
Europe will give determined response to any US tariffs – Merkel
By: Reuters 31st May 2018 German Chancellor Angela Merkel said on Thursday that the European Union would give a "smart, determined and jointly agreed" response if the United States decides to impose tariffs on European steel and aluminum imports. "We don't know the decision yet but if tariffs were to be imposed, then we... →
Cape Town Iron and Steel Works officially opened 
By: Kim Cloete 30th May 2018 The Cape Town Iron and Steel Works (Cisco) plant has been officially opened in Kuils River, near Cape Town. The plant has created 300 direct and another 120 indirect jobs, with another 200 in the pipeline. Established originally in 1967, the factory was closed by Murray & Roberts (M&R) in 2010,... →
Macron calls for complete overhaul of world trade rules, WTO reform
By: Reuters 30th May 2018 French President Emmanuel Macron urged the world's biggest economic powers to start talks to reform the World Trade Organization (WTO) to prevent current tensions from spiralling into trade wars. "This is about a complete update of global competition rules," Macron said in a speech on... →
Patel to reopen Cape Town Iron and Steel Works plant
By: Marleny Arnoldi 29th May 2018 Economic Development Minister Ebrahim Patel will on Wednesday officially reopen the Cape Town Iron and Steel Works plant (Cisco), in Kuils River, in the Western Cape. →
Manufacturing sector investment to remain stable in Q2 – Manufacturing Circle 
By: Anine Kilian 29th May 2018 The Manufacturing Circle Investment Tracker (MCIT) for the first quarter of this year shows there has been investment into the manufacturing sector in the past 15 months, but that investment is declining. Presenting key findings of the MCIT, in Centurion, on Tuesday, Manufacturing Circle... →
Canada initiates dumping inquiry into steel imports from China, Vietnam and South Korea
By: Reuters 29th May 2018 The Canadian International Trade Tribunal (CITT) said on Monday it has initiated a preliminary dumping inquiry into steel imported from China, South Korea and Vietnam. The tribunal will investigate whether the alleged dumping and subsidizing of "cold-reduced flat-rolled sheet products of carbon... →
AMSA moves to sell stake in Macsteel International for R2.8bn
By: Terence Creamer 28th May 2018 Steel producer ArcelorMittal South Africa (AMSA) announced on Monday that it intended to sell its 50% indirect interest in steel trading and shipping business Macsteel International (MIHBV) to a subsidiary of Macsteel Holdings (MacHold) for $220-million, or around R2.8-billion. The proposed... →
AMSA CEO Kobus Verster
Germany's Merkel laments fraying of multilateral order
By: Reuters 28th May 2018 Germany is worried by signs of weakening in the network of multilateral organisations and agreements designed to foster international cooperation, Chancellor Angela Merkel said on Monday. Merkel blamed the fraying of the multilateral order on a "double transition" - the gradual fading of the... →
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... →
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 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... →
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... →
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,... →
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... →
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... →
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. →
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