R/€ = 15.73 Change: -0.02
R/$ = 13.84 Change: -0.01
Au 1279.61 $/oz Change: 0.65
Pt 796.66 $/oz Change: -2.37

Stainless Steel

Stainless steel group posts Q1 results, announces change in

By: Neal Goldwyer     1st June 2007 First quarter 2007 results for stainless steel manufacturer Acerinox SA are slightly down on fourth quarter 2006 results but still represent higher output than the same period last year and the second best quarterly results in the company�s history. 

Stainless steel award runner up generates overseas interest

By: Jonathan Faurie     1st June 2007 A runner up at the Southern African Stainless Steel Association (Sassda) Stainless Steel Awards 2006 has generated international interest in their product. 

Africa offers substaintial scope for big structural-steel projects

By: Laura Tyrer     1st December 2006 South Africa�s structural steelwork industry must include African market exports in its portfolio if it is to take advantage of the substantial opportunities that these offer, International Steel Fabricators (ISF) chairperson Kobus de Beer told participants at the Steel 50 conference recently. 

Ngqula, Mittal step down from Mittal SA board

By: Matthew Hill     30th November 2006 South Africa's leading steel producer, Mittal Steel South Africa, on Thursday announced that steel magnate Lakshmi Mittal had resigned from its board on November 29. 

Gold miners defend R1,9bn penalty request against Mittal

By: Terence Creamer     29th November 2006 Gold miners Harmony and DRDGold argued on Wednesday that it was appropriate for them to request the imposition of the maximum R1,9-billion administrative penalty against Mittal Steel South Africa - which they accuse of charging excessive prices on flat-steel products sold in South Africa �-... 

Two long-running steel-price processes coming to a head

By: Terence Creamer     27th November 2006 Two long-running, independent but related activities designed to deal with what some believe to be South Africa's excessive steel prices were, at last, coming to a head. Negotiations on a so-called developmental steel-pricing model were said to be advancing, while closing arguments in South... 

Mittal restarts fire-affected caster, estimates final product loss of 10 000 t

22nd November 2006 Africa's largest steelmaker Mittal Steel South Africa said on Wednesday that its V1 caster at its Vanderbiljpark plant was operational again, following the hydraulic fire late last month that damaged both the V1 caster and V2 caster. 

Steel industry calls for clarity on sustainability guidelines

10th November 2006 More than 200 members of the international steel industry have called on the South African government and world leaders in general to work rapidly to define guidelines that would give decision makers greater clarity and more measurable goals when pursuing sustainability. 

Steel consolidation trend likely to take hold in China

By: Mariaan Webb     8th November 2006 The trend towards consolidation in the steel sector, out of which the world's largest steel company, Arcelor Mittal, was established earlier this year, was expected to accelerate in China, giving birth to some of the world's strongest steel participants, Investec Asset Management's Michael Power... 

Mittal, DTI resume steel-price talks, both say resolution now urgent

By: Terence Creamer     7th November 2006 Steel producer Mittal Steel South Africa and the South African government met on Monday in a bid to progress talks on a so-called developmental pricing model. These negotiations began back in 2004, when agreement was reached between the Department of Trade and Industry (DTI) and the then LNM (now... 

Mittal's R8bn expansion hit by a new EIA-linked delay

By: Terence Creamer     7th November 2006 It was unlikely that Africa's largest steel producer would begin implementation of its R8-billion capital programme this calendar year owing to new environmental-impact-assessment (EIA)-related delays - the R8-billion programme was designed to lift output by 2,5-million tons to 9-million tons a... 

Mittal confirms fatality and output knock following Vanderbijl mill fire

By: Mariaan Webb     31st October 2006 South Africa's largest steelmaker Mittal Steel South Africa on Tuesday said that it had lost about 100 000 t of liquid steel production at its Vanderbijlpark plant, following a fire seven days ago, which led to the death of one contract worker. Spokesperson Tami Didiza said that a fire, which... 

Judges panel boasts high-profile names

By: thamashni naidoo     27th October 2006 The 2006 Stainless Steel Awards hosted by the Southern Africa Stainless Steel Development Association (Sassda) will be adjudicated by a distinguished panel of judges representing the full spectrum of stainless steel application from products to projects and services. 

Cable ties designed for harsh environments

27th October 2006 For applications in corrosive environments such as those exposed to chemical fumes or salt air, Grafoplast Wiremarkers offers specialised cable ties manufactured in stainless steel. 

Decorative metal strip boosts productivity

27th October 2006 Sandvik Decorex - the innovative, colour coated strip material from Sandvik Materials Technology, is providing productivity benefits for decorative component producers in the consumer electronics, domestic appliance, automotive and interior design industries. 

Gas giant renews sponsorship commitments

27th October 2006 Industrial gas and welding giant Afrox is once again a sponsor of the Stainless Steel Awards, hosted by the Southern Africa Stainless Steel Development Association (Sassda). 

Creativity key to ensuring competitiveness – new association chief

27th October 2006 The value-adding component of the stainless steel industry in South Africa must work to improve its competitiveness in order to avail itself of the global opportunities being created by the emergence of the power house economies of the East – especially China and India – says incoming... 

SA metal finisher clinches Harley Davidson deal

27th October 2006 Rebuff, leading manufacturer and distributor of stainless steel and other metal finishing products has won a major contract to supply OEM’s for Harley Davidson accessories, for the buffing of all stainless steel, chrome and other high-end metal finishes for the famous motor cycl 

Submarine rescue system takes top honours

27th October 2006 Paarl-based HG Molenaar has scored a world-first for the South African fabrication industry with the development of a submarine rescue system for deployment in any ocean under the jurisdiction of the North Atlantic Treaty Organisation (NATO). 

Tube and housing wins runner-up award

27th October 2006 The Fischer Group South Africa, which invested R60-million in facilities and machinery in order to manufacture a small, highly-specialised tube and housing for an exhaust gas return (EGR) heat-exchange unit, was named runner-up in the project category at the 2006 Stainless Steel Awards. 

Airport chair sets get judges thumbs-up

27th October 2006 Remkor Technologies won the Product category at the 2006 Stainless Steel Awards, hosted by the Southern Africa Stainless Steel Development Association (Sassda), for chair sets it designed and manufactured for the new departure lounge at Lanseria International Airport. 

Inflatable-boat seat awarded runner-up prize

27th October 2006 Stellenbosch University department of mechanical engineering’s Charl Barnard and Professor Wikus van Niekerk were runners-up in the product category at the 2006 Stainless Steel Awards, hosted by the Southern Africa Stainless Steel Development Association (Sassda), for a suspension seat for... 

Bird-flight diverter hailed as ‘global breakthrough’

27th October 2006 Innovative Technologies (Inotec) won a Merit Award in the Product category at the 2006 Stainless Steel Awards, hosted by the Southern Africa Stainless Steel Development Association (Sassda), for a bird-flight diverter hailed as a global breakthrough in the search for the ideal long-term device to... 

Coloured, textured stainless-steel sheets create new applications

27th October 2006 Rimex Metals SA and Remkor Technologies received a merit award in the Product category at the 2006 Stainless Steel Awards, hosted by the Southern Africa Stainless Steel Development Association (Sassda), for producing an alternative to Formica and laminated plastic in the form of coloured and... 

‘Smart’ fence also offers cost benefits

27th October 2006 Alcatraz Integrated Intelligent Systems won a Merit Award in the Product category at the 2006 Stainless Steel Awards, for its ‘smart’ 3CR12 perimeter fence. 

Award recognises research-station project

27th October 2006 Centurion-based Endecon has clinched a Merit Award in the Project category at the 2006 Stainless Steel for its work on the new research station on Marion Island, the remote and most southerly building constructed on South African soil. 

Municipal building coat of arms wins recognition

27th October 2006 Mpumalanga Stainless Initiative’s (MSI) designer and developer Volker Koch has clinched a merit award in the project category at this year’s Stainless Steel Awards. 

High-pressure filter vessels supplied to Zambian mine

27th October 2006 Another merit winner in the project category of the Stainless Steel Award event was Styria Engineering for its fabrication of two electrolyte dual-media high-pressure filter vessels for Kansanshi Mining, Zambia. 

39-year-old pump company receives special recognition

27th October 2006 The Jooste Cylinder and Pump Company, established in 1967 by Christiaan Jacobus Johannes Jooste, received a special award for services rendered to the industry at this years Stainless Steel Awards. 

Stainless-steel bus shelters supplied for Durban CBD

27th October 2006 Bus shelters designed and built for Durban’s Interim People Mover (IPM) strategy, have won Rebcon Engineering a merit award in the product category at the Stainless Steel Awards. 

Investment made in new processing equipment

By: thamashni naidoo     27th October 2006 One of the continent’s largest stainless steel merchants, Macsteel VRN Stainless – a division of Macsteel Service Centre South Africa – is continually investing in equipment to process stainless steel. 

New draft incorporates exemptions and builds in 'flexibility' for small-medium firms

By: Terence Creamer     20th October 2006 The South African government is set to confirm broad-ranging exemptions form the broad-based black economic-empowerment (BBBEE) codes of good practice for micro and small businesses, as well as more flexible compliance thresholds for small-medium enterprises. 

Indian group rejects 'corruption cesspit'

By: Keith Campbell     20th October 2006 Reports from Zimbabwe increasingly suggest that the Indian company, Global Infrastructures, part of the Indian multinational group, Global Steel Holdings Ltd (GSHL), abandoned its contract to run the Zimbabwe Iron and Steel Company (Zisco) because of massive corruption at the State-owned... 

DTI concerned about impact of higher steel prices, lower rebates

By: Terence Creamer     12th October 2006 The Department of Trade and Industry (DTI) says it is concerned about a possible double negative effect on those domestic steel users that manufacture steel products for export given news that South Africa's largest steel producer has not only raised prices three times in the past five months but... 

Refractories giant set to move ahead with R65m SA smelting project

By: Terence Creamer     10th October 2006 The world's largest refractory-materials manufacturer, RHI Group of Austria, has approved an initial R65-million project for the construction of a new fusion plant at Isithebe, Kwazulu-Natal. In an announcement made on Tuesday, the company said it would establish a smelting plant, comprising two... 

Reworked BEE codes to incorporate small-firm exemptions and build in 'flexibility' for small-medium firms

By: Terence Creamer     9th October 2006 The South African government is set to confirm broad-ranging exemptions form the broad-based black economic-empowerment (BBBEE) codes of good practice for micro and small businesses, as well as more flexible compliance thresholds for small-medium enterprises. 

As steel sales reach 1981 levels, supply concerns grow

By: Terence Creamer     6th October 2006 Domestic carbon steel sales rose 23,9% to 2 581-million tons during the first six months of 2006, the highest first-half sales since 1981, the South African Iron and Steel Institute (Saisi) reports. 

Mittal SA buys two steel mills in Mozambique

6th October 2006 Africa's largest steel manufacturer Mittal Steel South Africa acquired two steel mills in Mozambique, for $11,45-million, it announced on Friday, when it also said that it planned produce 104 000 t/y, within two years, from the plants. 

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