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Stainless Steel

Global, local pressures squeeze firms

By: Colleen Smith     14th July 2006 South Africa has developed a strong steel industry as part of the strategy to be self sufficient in key sectors. 

Steel imports on the increase

By: Amy Heydenrych     14th July 2006 Imports of primary carbon and alloy steel products totaled 112 000 metric tons in the first quarter of 2006, the South African Iron and Steel Institute (Saisi) reports. 

Report indicates uptick in commitment to sustainable development

By: Amy Heydenrych     14th July 2006 The International Iron and Steel Institute (IISI) recently published its second sustainability report of the world steel industry. 

Domestic sales soar

By: Amy Heydenrych     14th July 2006 In its June 2006 report, the South African Iron and Steel Institute (SAISI) states that domestic carbon steel sales totalled 1,235 million metric tons in the first quarter of 2006. This marks a 25,2% increase when compared to the first quarter of 2005. 

SA steel prices set to rise again in August

By: Terence Creamer     11th July 2006 Africa's leading steel producer, Mittal Steel South Africa, has released details of yet another set of price increases from August 1, following hot on the heels of the average 5,4% flat-steel increase effective July 1. The July increase was the first broad-based price rise announced by the group... 

Argent hits R1bn target, growth to continue 'unabated'

By: Nicola Mawson     27th June 2006 JSE-listed steel merchant Argent Industrial has hit the R1-billion turnover mark, despite a period in which it says it experienced 'depressed' steel prices, and is targeting further growth. 

Mittal denies SA exit plan, seals Arcelor deal

By: Nicola Mawson     26th June 2006 The world's largest steel manufacturer, Mittal Steel, on Monday denied rumours that it will sell Mittal Steel South Africa as part of the deal to merge with Arcelor. Corporate communication manager Paul Weigh says there is no truth to the rumour. "We firmly deny this rumour and it couldn't be... 

Stage set for yet more cases of excessive pricing?

By: Terence Creamer     23rd June 2006 A leading South African lawyer, with significant competition-law experience, believes excessive-pricing complaints are likely to become more prevalent, but admits that the domestic competition authorities may need augmented powers to deal effectively with such abuses. 

Domestic steel sales rose in Q1 along with imports

By: Terence Creamer     20th June 2006 Domestic carbon steel sales rose to 1,2-million tons in the first quarter of 2006, a year-on-year increase of 25,2%, the South African Iron and Steel Institute (Saisi) reports. 

Competition body to allow some changes to steel-price remedy

19th June 2006 The Competition Tribunal has granted gold miners Harmony and DRDGold leave to partially amend the relief sought in their excessive-pricing complaint against Mittal Steel South Africa, but refused to allow a specific amendment relating to the breaking up of the Macsteel International Holdings BV... 

Broad-based steel-price increase set for July

By: Terence Creamer     16th June 2006 Africa’s largest steel producer, Mittal Steel South Africa, which raised prices on only 11% of its flat-steel product line as from June 1, is poised to introduce a far broader increase next month, Engineering News can report. 

Africa's largest steel producer sets ambitious local-sales target

By: Helene Le Roux     16th June 2006 South Africa’s main steel producer Mittal Steel’s aim is to become an even stronger force in the domestic market, supplying up to 75% of its production to the local market and 90% to the African market. 

Repeal of steel protection could hurt if market slumps

By: Helene Le Roux     16th June 2006 South Africa’s decision to repeal the 5% import duty on steel could come back and bite it when the international steel market slumps. 

Mittal confirms July steel-price increase

By: Terence Creamer     2nd June 2006 Africa's largest steel producer, Mittal Steel South Africa, has denied industry reports that it had implemented a broad-ranging steel-price increase earlier this week, but confirmed that prices had increased on the equivalent of 11% of its flat-steel product line as from June 1 and that a broader... 

Bright future for local stainless steel

By: Matthew Hill     2nd June 2006 Attractive opportunities if problems are overcomee. The South African stainless steel industry is alive and well, boasting a promising future, South African Stainless Steel Development Association (Sassda) MD Dr Oliver Damm tells Engineering News in an exclusive interview. However, he reports... 

Automotive sector to grow stainless steel consumption

By: Matthew Hill     2nd June 2006 The Department of Trade and Industry (DTI) is currently reviewing its Motor Industry Development Program (MIDP), and plans to have the review process completed by the end of the year. 

Stainless steel vendor unveils empowerment deal

By: Matthew Hill     2nd June 2006 One of South Africa’s biggest stockists and distributors of stainless steel and metal products, Euro Steel, has sold a 25,1% stake of its business to the black economic-empowerment (BEE) group, Isitali consortium, for an undisclosed amount. 

Flexible-couplings industry needs foreign investment

By: Matthew Hill     2nd June 2006 The automotive industry is reportedly the biggest consumer of stainless steel in South Africa, mostly using the wear-resistant steel for catalytic converters. 

‘Empowerment is of utmost importance’

By: Matthew Hill     2nd June 2006 Broad-based black economic empowerment (BBBEE) is of utmost importance in addressing transformational challenges in the stainless steel industry, says Kulungile Metals group marketing executive director Shima Nokaneng in an exclusive interview with Engin-eering News. 

Call for entries for stainless steel awards

2nd June 2006 Both individuals and companies are urged to enter the 2006 Stainless Steel Awards, the industry association emphasises. 

Stainless steel advocated for infrastructure investments

2nd June 2006 With South Africa gearing up for the FIFA Soccer World Cup in 2010, and the government committed to major infrastructural capex, the Southern African Stainless Steel Development Association (Sassda) is advising specifiers and consultants on the benefits of using stainless steel in many visible... 

30% growth for consumerware sector

2nd June 2006 The stainless-steel consumerware sector has recorded a phenomenal growth of 30% for the 2005-2006 period, far exceeding the projected growth rate of 10%, says Southern African Stainless Steel Development Association’s (Sassda) Lesley Mortimer. “With the international trend towards... 

Local stainless industry forges East African ties

2nd June 2006 The Southern African Stainless Steel Development Association (Sassda) recently hosted an inward-bound mission from East Africa “to facilitate business deals with East African companies,” says spokesperson Lesley Mortimer. 

Adding value through experience

2nd June 2006 Reportedly one of South Africa’s leading suppliers of stainless steel and special alloys Multi-Alloys, established in 1997, has a strong focus adding value for customers. “As a supplier of niche products to a diverse range of industries, adding value can be best achieved through our... 

Stainless steel body targets property sector

2nd June 2006 The Southern African Stainless Steel Development Association (Sassda) exhibited for the first time at the South African Property Owners’ Association’s (Sapoa’s) 38th international convention and property exhibition held recently at the International Convention Centre in Durban. 

Mittal denies retrenching 800 SA workers

1st June 2006 Steel producer Mittal Steel South Africa on Thursday denied what it termed as “factually inaccurate" media reports stating that it would be retrenching 800 employees. 

SA steel group intent on containing costs, expanding output

By: Nelendhre Moodley     1st June 2006 Steel producer Mittal Steel South Africa has accepted 800 applications from employees across its operations to form part of a voluntary-severance process, designed to reduce costs and raise efficiency levels. The company also denied what it termed “factually inaccurate” media reports,... 

Macsteel enters fray as steel-price hearing focuses on possible remedies

By: Terence Creamer     31st May 2006 Publicity-shy steel trader Macsteel has been thrust headlong into the heart of the ongoing excessive-pricing complaint, currently the subject of an intense and adversarial Competition Tribunal hearing process under way in Tshwane. The company is a 50% shareholder, with Mittal Steel South Africa,... 

Auto, packaging and construction sectors underpin demand

By: Terence Creamer     26th May 2006 Domestic steel demand recovered materially in the first three months of the year and South Africa’s largest steel producer, Mittal Steel South Africa, remains optimistic of continued strength. 

Global crude steel production 6% up on last year

19th May 2006 World crude steel production for the 62 countries reporting to the International Iron and Steel Institute was 99-million tons in April. 

Tribunal to hear argument for new steel-price remedy

By: Terence Creamer     18th May 2006 The Competition Tribunal, which is conducting hearings into a complaint referred by Harmony Gold and DRDGold into alleged excessive pricing and inducement abuse by Mittal Steel South Africa, will, on May 31, hear the application for the amendment of the complaint. 

Retrenchments dull Mittal Steel SA's headline earnings

12th May 2006 South Africa's largest steel producer Mittal Steel South Africa said that its headline earnings for the quarter ended March 31 are down when compared to the previous quarter, partially as a result of voluntary retrenchments. The March quarter earnings, at R684-million, are 21% down. In addition,... 

Mittal, government meet to revive stalled pricing talks

By: Terence Creamer     12th May 2006 Trade and Industry Minister Mandisi Mpahlwa and Mittal Steel South Africa CEO Davinder Chugh met this week in a bid to revive stalled talks relating to the formulation of a so-called 'developmental pricing model'. Speaking at the release of lower first-quarter results, Chugh confirmed the meeting... 

Macsteel International targeted as steel-price hearing nears climax

By: Terence Creamer     11th May 2006 Gold-miners Harmony and DRDGold have submitted an amended application to the Competition Tribunal, in their complaint against Mittal Steel South Africa, which effectively calls for the dismantling of the Macsteel International joint venture between Mittal and Macsteel. 

Industry experts debate the steel-cycle outlook

By: Terence Creamer     28th April 2006 One of the many interesting pieces of insight to emerge from the ongoing Competition Tribunal hearing into alleged excessive pricing by Mittal Steel South Africa has been expert testimony relating to the outlook for the steel-price cycle. 

IDC financier set to test the limits of the risk-reward relationship as it seeks to facilitate shared growth

By: Terence Creamer     21st April 2006 The public persona of State development financier, the Industrial Development Corporation (IDC), rose to prominence in the national consciousness on March 5, when ‘Tsotsi’, a feature-length movie partly sponsored by the bank, was awarded the Oscar for the best foreign-language film.... 

Indian company transfers its man in Nigeria to Zimbabwe

By: Keith Campbell     21st April 2006 Global Steel Holdings Ltd (GSHL) has appointed Lalit Kumar Sehgal as the new CEO of the Zimbabwe Iron and Steel Company (Zisco). 

While testimony has raised some serious issues, the challenge lies in finding an appropriate remedy

By: Terence Creamer     14th April 2006 While there appears to be genuine concern on the part of Competition Tribunal members about what could be perceived to be anticompetitive behaviour by South Africa’s largest steel producer, Mittal Steel South Africa, there is also undoubted anxiety about what, if any, remedy would be... 

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