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Stainless Steel News

‘Reasonable’ prospect of Evraz Highveld recovering from business rescue, say practitioners 

By: Natalie Greve     5th August 2015 Despite missing an initial three-month deadline to conclude the business rescue proceedings of Evraz Highveld Steel and Vanadium, the South African steelmaker’s appointed business rescue practitioners (BRPs) say there is a “reasonable prospect” that the company will be rescued in accordance with... 

Evraz Highveld moves to cut half its workforce

By: Natalie Greve     21st July 2015 After earlier this week confirming that it had temporarily ceased steel production at its steelworks, citing working capital constraints and reduced domestic demand, Evraz Highveld Steel and Vanadium on Tuesday said it had issued a proposed restructuring notice in terms of Section 189 that could... 

Evraz Highveld moves to cut half its workforce

Global steel company launches new high-strength product

10th July 2015 Specialised global steel company SSAB’s new brand of steel, Strenx, is a high strength structural steel in the 600 to 1300 MPa range. Strenx performance steel combines the best properties of the three brands it replaces – Optim, Weldox and Domex – from SSAB and metal-based components and... 

Global steel company launches new  high-strength product
IMPRESSIVE RESULTS Strenx steel is delivered with a set of guarantees that ensure trouble-free production consistently

Creamer Media publishes Real Economy Insight: Steel 2015 brief

8th July 2015 This eight-page brief is a synopsis of key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel markets, South Africa’s major steel producers and events that have shaped these markets. 

Creamer Media publishes Real Economy Insight: Steel 2015 brief

Evraz CFO steps down

By: Megan van Wyngaardt     15th June 2015 Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium announced on Monday that Valery Borisov had resigned as executive director and CFO, effective immediately. The company had, however, announced last month that its business rescue practitioners (BRPs) had... 

Evraz CFO steps down

Commission gives conditional approval for Hebei, Duferco merger

By: Sashnee Moodley     11th June 2015 The Competition Commission has given its approval for the intermediate merger between Chinese-owned Hebei Iron and Steel Group and Swiss steel trader Duferco International Trading Holding SA, with conditions.  

Commission gives conditional approval for Hebei, Duferco merger

Hazleton Pumps, Scaw come out top in Seifsa Awards

29th May 2015 South African pump manufacturer Hazleton Pumps International took top honours in the Most Innovative Company and Customer Service of the Year categories of the Steel and Engineering Industries Federation of Southern Africa’s (Seifsa’s) Awards for Excellence, on Thursday night. Steel products... 

Hazleton Pumps, Scaw come out top in Seifsa Awards

Large stainless steel localisation potential in power generation industry

By: Dylan Slater     29th May 2015 The production of specialised products, such as stainless steel heat-exchanger tubing, for the industrial power generation industry could hold significant benefits for local stainless steel manufacturer Fischer South Africa (SA). 

Large stainless steel localisation  potential in power generation industry
MARKET POTENTIAL Fischer SA will receive an additional tube mill by 2016 to complement the current five mills at its Centurion-based factory

Company attributes success to diverse offering

29th May 2015 Stainless steel stockist and distributor NDE attributes its business success to catering to a diverse range of customers. 

Company attributes success to diverse offering
ADDING VALUE NDE has long-serving, experienced professionals who are structured into teams dedicated to delivering on product, sales, projects and exports

Stainless steel motors offer hygienic solution

29th May 2015 Stainless steel air motors are a good option for the food and beverage industry, which has to focus on hygiene when implementing automated production processes, says automation and air-motor company Deprag. 

Stainless steel motors  offer hygienic solution
ADVANCED LINE The robust, sealed design of this motor line's external parts in noncorrosive stainless steel means that the vane motors are predestined for use in the food industry

Stainless steel improves handrailing safety

29th May 2015 Stainless steel handrailing can be used in various industries to ensure the safety of personnel and compliance with hygiene standards, says precision engineering company Andrew Mentis. 

Stainless steel improves handrailing safety
BENEFICIAL MATERIAL Stainless steel handrailing offers numerous benefits among which is increased safety

Company launches new stainless steel processing range

29th May 2015 Tools company Dormer Pramet has developed a new range of chipbreaker inserts with positive NF geometry for the process of turning stainless steel. 

Company launches  new stainless steel  processing range
THREAD MILLING CUTTERS The new cutters of the tread milling range are recommended for machining steel, stainless steel, cast-iron, titanium, nickel, copper, aluminium and plastics

Seifsa reiterates energy constraint, cost concerns

By: Megan van Wyngaardt     20th May 2015 The local metals and engineering sector cannot grow as a result of South Africa’s unreliable energy supply and the fact that, on average, energy costs in the sector account for about 8% of intermediary input costs, Steel and Engineering Industries Federation of Southern Africa (Seifsa) CEO Kaizer... 

Seifsa reiterates energy constraint, cost concerns

Seifsa alarmed by unhealthy metals and engineering data 

By: Megan van Wyngaardt     19th May 2015 Economic data released during the first quarter of the year show alarming trends in the metals and engineering sector, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Tuesday. The data also confirmed the organisation’s forecasts from earlier this year that the... 

Seifsa alarmed by unhealthy metals and engineering data

Evraz subsidiary joins parent company in business rescue proceedings

By: Natalie Greve     30th April 2015 Two weeks after itself filing for business rescue, vertically integrated steel and vanadium slag producer Evraz Highveld Steel & Vanadium announced on Thursday that subsidiary Mapochs Mine would also enter business rescue proceedings following “historical operational difficulties” that had... 

Evraz subsidiary joins parent company in business rescue proceedings

Global stainless steel production up 8.3% in 2014

By: Megan van Wyngaardt     28th April 2015 Global stainless steel melt shop production increased by 8.3% year-on-year, to 41.7-millions tonnes in 2014, the International Stainless Steel Forum (ISSF) revealed on Tuesday. Output had increased in all regions except for Central and Eastern Europe, where output fell by 6.3% year-on-year to 296... 

Global stainless steel production up 8.3% in 2014

Creamer Media publishes Steel 2015: A review of South Africa's steel sector research report

By: Creamer Media Reporter      21st April 2015 Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon steel and stainless steel... 

Creamer Media publishes Steel 2015: A review of South Africa's steel sector research report

Slow growth ahead for global steel demand – worldsteel

By: Natasha Odendaal     20th April 2015 A slowdown in China’s demand for steel is set to restrain global steel industry growth over the next two years, the World Steel Association’s (worldsteel’s) latest Short Range Outlook (SRO) for 2015 and 2016 revealed on Monday. Following a marginal 0.6% uptick in 2014, global apparent steel use... 

Slow growth ahead for global steel demand – worldsteel

Evraz Highveld Q1 output down 6.9% q/q

By: Natalie Greve     20th April 2015 Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium, which has filed for voluntary business rescue proceedings, produced 149 000 t of crude steel in the quarter ended March 31, a 6.9% decrease on the 160 000 t produced in the quarter ended December 31, 2014.... 

Evraz Highveld Q1 output down 6.9% q/q

Evraz Highveld to continue trading throughout business rescue process

By: Natalie Greve     16th April 2015 One of the two business practitioners nominated to manage Evraz Highveld Steel and Vanadium’s business rescue proceedings has confirmed that the company will continue to trade until the process has been concluded, telling Engineering News Online that the process could take more than six months.... 

Evraz Highveld to continue trading throughout business rescue process

Solidarity vows to protect members amid Evraz business rescue

By: Natalie Greve     15th April 2015 Trade union Solidarity said on Wednesday that it would protect the interests of its members at Evraz Highveld Steel and Vanadium, in eMalahleni, after the company announced on Tuesday that it had entered into business rescue proceedings. Solidarity, which represented 350 of the company’s 2 400... 

Solidarity vows to protect members amid Evraz business rescue

Steel major Evraz Highveld files for business rescue

By: Natalie Greve     14th April 2015 Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium has initiated voluntary business rescue proceedings, citing an inability to meet its short-term obligations as a result of historical operating difficulties and sustained financial losses within a... 

Steel major Evraz Highveld files for business rescue

SA crude steel output drops 11.8% in Feb

By: Natalie Greve     20th March 2015 Steel production by South African manufacturers dropped 11.8% year-on-year to 500 000 t in February, bucking a global trend that saw world crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) increasing by a marginal 0.6% to 128-million tonnes. China... 

SA crude steel output drops 11.8% in Feb

Seifsa encourages local production ahead of metals, engineering indaba

6th March 2015 It is imperative for the local industry to strike a healthy balance between international competition and dumping, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has said. A flood of cheap imports; unfair competition from highly subsidised countries, such as China;... 

Seifsa encourages local production ahead of metals, engineering indaba

Seifsa calls for robust intervention in environmental law 

9th February 2015 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) on Monday said South Africa’s strict environmental legislation was a significant challenge for small-, medium-sized and microenterprises (SMMEs) that could hamper further growth of this sector if not dealt with “as a... 

Seifsa calls for robust intervention in environmental law

Neasa to contest Labour Minister’s metals industry extension

9th February 2015 The National Employers' Association of South Africa (Neasa) on Monday lodged a review application in the Labour Court in Johannesburg to set aside the decision by Labour Minister Mildred Oliphant to extend the 2014 to 2017 wage agreement between the Steel and Engineering Industry Federation of... 

Neasa to contest Labour Minister’s metals industry extension

AMSA expects lower FY loss a share

4th February 2015 JSE-listed ArcelorMittal South Africa (AMSA) expects to report a lower loss a share of between 33c and 43c for the 2014 financial year. This would be an improvement of between 92% and 94% on the loss a share of 535c posted in the 2013 financial year, when AMSA had recorded a R1.95-billion... 

AMSA expects lower FY loss a share

Africa seen as increasingly big player in producing raw materials for the steel industry

By: Kim Cloete     12th December 2014 Give its large mining potential, African economies are expected to play an increasingly important role in producing raw materials for the production of steel. The Economic Cooperation and Development (OECD) said it was expecting growth from  South Africa, in particular, which accounted for 74% of... 

Africa seen as increasingly big player in producing raw materials for the steel industry

China sparks shifts in global steel industry

By: Kim Cloete     12th December 2014 Growth in the steel industry worldwide has stabilised following substantial fluctuations during the recession, but a fair amount of uncertainty remains, particularly as a result of structural change in the Chinese economy, according to World Steel Association director-general Edwin Basson. The... 

China sparks shifts in global steel industry

SA steel demand set to grow over next decade

By: Kim Cloete     12th December 2014 The government’s substantial infrastructure programme outlined in the National Development Plan is expected to drive demand for steel over the next decade, says Trade and Industry Deputy Minister Mzwandile Masina. He told over 250 delegates to the Organisation for Economic Cooperation and... 

SA steel demand set to grow over next decade

Metal sector strike cost SA growth – SARB

By: Sapa     8th December 2014 The month-long strike in the metal sector knocked back the third-quarter growth rate of the South African economy by more than half of what it could have been, the SA Reserve Bank (SARB) said on Monday. In its latest Quarterly Bulletin, the bank said the annualised real economic growth rate... 

Metal sector strike cost SA growth – SARB

Domestic ferrous scrap consumers say price preference system is not working

By: Terence Creamer     28th November 2014 There is widespread consensus that the Price Preference System (PPS) –introduced in September 2013 to restrict the export of scrap metal before it had first been offered for sale to the domestic consumers at a 20% discount to an international benchmark price – has not been effective. There is... 

Domestic ferrous scrap consumers say price preference system is not working

Battered Evraz swings to loss in nine months to end-Sep

By: Natalie Greve     24th November 2014 Increased maintenance costs, poor rolling mill yields and strike action have widened Evraz Highveld Steel’s operating loss, from R149-million in the nine months ended September 30, 2013, to R483-million for the comparative 2014 period. The company added on Monday that earnings before interest,... 

Battered Evraz swings to loss in nine months to end-Sep

SA to host OECD steel conference in Dec

By: Natalie Greve     21st November 2014 South Africa will become the first African country to host the Organisation for Economic Cooperation and Development’s (OECD’s) Steel Committee Conference when the committee’s seventy-seventh session takes place in Cape Town between December 11 and 12. The committee’s participants accounted for... 

SA to host OECD steel conference in Dec

Five mineral value-chains prioritised in South Africa’s draft beneficiation plan 

By: Terence Creamer     21st November 2014 The Mineral Beneficiation Action Plan (MBAP), which is currently in draft form, should be finalised by the end of March 2015, the Department of Trade and Industry (DTI) has confirmed. The department is leading the drafting process, which also involves the National Treasury, the Economic... 

Five mineral value-chains prioritised in South Africa’s draft beneficiation plan
Photo by Duane Daws
Steel among the five resource value-chains being prioritised

Seifsa unveils indaba as part of steel, engineering revival plan 

By: Terence Creamer     31st October 2014 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) announced on Friday that it would host a high-level Metals and Engineering Indaba in Gauteng next May as part of efforts to revive the fortunes of the important, yet embattled, manufacturing subsector. Lamenting the... 

Seifsa unveils indaba as part of steel, engineering revival plan
Seifsa CEO Kaizer Nyatsumba on the context driving the decision to host a Metals and Engineering Indaba in 2015. Camera Work & Editing: Nicholas Boyd. Recorded: 31.10.2014.

Rival metals union likely should Numsa, Cosatu split – Friedman  

By: Terence Creamer     31st October 2014 Centre for the Study of Democracy director Professor Steven Friedman believes the prevailing view that a possible expulsion of the National Union of Metalworkers of South Africa (Numsa) from the Congress of South African Trade Unions (Cosatu) would lead to “a Cosatu minus a metalworkers union and... 

Rival metals union likely should Numsa, Cosatu split – Friedman
Professor Steven Friedman on the implications of a Cosatu, Numsa split on the labour environment. Camera Work & Editing: Nicholas Boyd. Recorded: 31.10.2014

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