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Metals 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... 

Decline in machine tools indicative of manufacturing state
MACHINES ON DISPLAY Machine tools on display at the Machine Tool Africa Expo hosted by MTMA

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 &... 

Supplier expanding its tools range
RECENT RELEASE The Leadwell BC-600 5-axis Long Table Machining, is available in 3+2 and 5-axis simultaneous configurations

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... 

Small machines with big capabilities
STABILITY PROVIDING ACCURACY The BX40i meets the needs of any high-speed machining application.

S Africa must maintain cost-competitive sector

By: Jessica Oosthuizen     8th June 2018 It is vital for South Africa to maintain a manufacturing sector that is internationally cost competitive and can produce quality end-products, says Germiston-based material transfer solutions provider Weba Chute Systems MD Mark Baller. “The manufacturing industry has been under a lot of... 

S Africa must maintain cost-competitive sector
LATEST TECHNOLOGY Weba Chute Systems uses the latest techniques and technologies to ensure optimum accuracy during the design and engineering phases, which also facilitate improved efficiencies

Laser machine in full production at fabrication company

By: Halima Frost     8th June 2018 Machine tool supplier Puma Machine Tools completed the supply of its high-end laser profile JinFangYuan (JFY) 4020 machine to a Wadeville metals fabrication company last month. The machine, with a Trumpf TruDisk 3001 laser source, will be used to cut processing plates for the manufacturing of... 

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... 

Solidarity launches four-pronged steel industry initiative amid global steel crisis
The old Evraz Highveld Steel and Vanadium plant in eMalahleni

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... 

US tariffs cause global trade uncertainty in steel sector

By: Erin Steenhoff-Snethlage     1st June 2018 The stainless steel sector is currently experiencing global trade uncertainty, owing to trade barriers being considered globally, as a result of the US duties on steel and aluminium, says Middleburg-based stainless steel producer Columbus Stainless CEO Lucien Matthews. The US duties include a 25%... 

US tariffs cause global trade uncertainty in steel sector
Photo by Dylan Slater
JUST COLLATERAL The South African stainless steel industry is collateral in the trade wars initiated by the US

Water pipes, electric vehicles potential growth markets for stainless steel

By: Erin Steenhoff-Snethlage     1st June 2018 The South African stainless steel sector can benefit from the rise in electric vehicles and the replacement of water pipes, says Southern Africa Stainless Steel Development Association executive director John Tarboton. “Getting stainless steel water pipes into the water system has been a big... 

Sector recovery affords new opportunities for banding company

By: Erin Steenhoff-Snethlage     1st June 2018 Stable growth in the electricity sector will likely have a positive effect on sales, says Jet Park-based stainless steel banding company Banding and Identification Solutions South Africa (Bisa) sales director Rosa Dos Remendos. “This is positive, as the sector is a major market for our stainless... 

Sector recovery affords new opportunities for banding company
BUCKLING UP Bisa stainless steel products can be used for a variety of projects and are suitable for niche markets

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... 

South African steel companies urged to diversify markets in wake of US tariff setback
Economic Development Minister Ebrahim Patel

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,... 

Cape Town Iron and Steel Works officially opened
Economic Development Minister and DHT president Dagistan Turanli at the Cisco plant opening

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.  

Patel to reopen Cape Town Iron and Steel Works plant
Economic Development Minister Ebrahim Patel

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... 

Manufacturing sector investment to remain stable in Q2 – Manufacturing Circle
Manufacturing sector investment to remain stable in Q2 – Manufacturing Circle

Insimbi achieves higher revenue, gross profit in FY18

By: Simone Liedtke     29th May 2018 JSE-listed Insimbi Refractory and Alloys Supplies will be adding a significant value uplift to its chrome and aluminium businesses when it starts supplying powder-makers with a lower-grade aluminium content powder. It will start taking orders for this product in July, Insimbi CEO Fred Botha told... 

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 moves to sell stake in Macsteel International for R2.8bn
Photo by Creamer Media
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... 

Global crude steel production increases 4.1% y/y in April

By: Simone Liedtke     25th May 2018 Global crude steel production, as reported by the 64 countries reporting to the World Steel Association (worldsteel), was 148.3-million tonnes – a 4.1% increase compared with April 2017. China’s crude steel production for April was 76.7-million tonnes, an increase of 4.8% compared with April 2017. 

Stronger rand cuts Hulamin's interim earnings

By: Anine Kilian     25th May 2018 JSE-listed Hulamin expects to report a 55% decrease in earnings a share and headline earnings a share to 25c for the six months ended June 30. The company said in a statement on Friday that its profits had been impacted on by the performance of the rand against the dollar and the euro, as... 

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... 

Coega perfectly poised to participate in lithium-ion battery industry – CDC

By: Simone Liedtke     23rd May 2018 The Coega Special Economic Zone (SEZ) is at an advanced stage of setting up factories that will supply gigawatt factories with manganese, a key ingredient in most lithium-ion batteries. Coega Development Corporation (CDC) business development metallurgic sector manager Sadick Davids says the SEZ... 

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.  

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