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SMS group News

SMS group helping clients understand benefit of digitalisation

1st March 2019 The South African arm of Germany-based metallurgical plant and rolling-mill technology provider SMS has developed strategies for advancing digitalisation in the steel industry. It is assisting several clients in understanding the efficiencies and competitive advantage that embracing a... 

SMS group supplies high-performance Compact Cold Mill to Marcegaglia

14th February 2019 Digital assistance system improves yield Marcegaglia Ravenna S.p.A. has contracted SMS group 

Prometal Aciérie contracts SMS group to supply hot rolling mill to widen its production

20th November 2018 Prometal Aciérie, Cameroon, Africa, has awarded SMS group the order to supply a new hot rolling mill for rebars, sections and wire rod. The new rolling mill will be designed for the production of straight rebars, angles, channels, flats, squares, beams and wire rod coils, enabling Prometal to... 

SMS group upgrades rolling mill of Daehan Sinpyeong with new quenching and HSD® lines

20th November 2018 South-Korean Daehan Steel Co. Ltd. has placed an order with SMS group for a bar mill modernization. This new order further strengthens the longstanding cooperation between SMS group and Daehan Steel. The rolling mill in Daehan ́s Sinpyeong works located in the Busan area is designed to produce... 
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Rothschild's Kingston to help South Africa State firm rescue

Martin Kingston, who on April 1 steps down as chief executive officer of Rothschild & Co’s South African unit after 13 years, wants to help revive the country’s beleaguered state-owned companies. Kingston, 61, will shift to executive chairman of the investment bank’s unit, and plans to wind down... 

Economists split on South Africa avoiding Moody's negative cut

South Africa may just be able to cling onto the stable outlook of its sole investment-grade rating this week, helping it stay clear of a forced selloff of billions of rand of its debt. Economists are divided on what Moody’s Investors Service will do when it potentially makes an announcement on... 
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