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Steel Construction and Cladding

Winners of sustainable housing competition are announced

By: Amy Heydenrych     14th July 2006 Global industry body Living Steel last month announced the winners of its international competition for sustainable housing at the UN-Habitat World Urban Forum lll. 

New range of pins and collars

14th July 2006 Fasteners specialist Springset, a division of Bearing Man, has launched a new range of locally manufactured Lock Bolt pins and collars, which meets stringent quality and safety specifications. 

Rebranding into the future

14th July 2006 Stockholding and logistics capability, leveraged by combined expertise tracing back a century, has placed NJR Steel holdings in a strong position to support customers in taking advantage of current and future market trends. 

Market still riding Chinese, Indian growth

By: Amy Heydenrych     14th July 2006 According to the International Iron and Steel Institute (IISI), world crude steel production increased by 5,9% in 2005, to reach a total of 1129,4-million metric tons (mmt). While crude steel production has registered, on average, a 2% yearly growth rate over the past two or three decades, the... 

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... 

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... 

Indian steel company in $400m Zimbabwe steel deal

By: Keith Campbell     14th April 2006 INDIAN company Global Steel Holdings has recently added the Zimbabwe iron and Steel Company (Zisco) to its portfolio. 

Excessive pricing about level not process - Mittal witness

By: Terence Creamer     10th April 2006 Excessive pricing is about the “level” of prices, not the “process” by which a firm set its prices, Dr Mike Walker, vice president of CRA International, testified at the Competition Tribunal in Tshwane yesterday. 

Are we right body to set steel prices, tribunal asks

By: Terence Creamer     7th April 2006 There are few examples globally of competition authorities presiding over excessive-pricing complaints and, for that reason alone, the Competition Tribunal hearing convened to consider a complaint of alleged excessive pricing and inducement abuse by Mittal Steel South Africa is likely to receive... 

Mittal expert acknowledges peculiarity of SA steel pricing

By: Terence Creamer     4th April 2006 A steel-industry expert called by Mittal Steel South Africa to give testimony before the Competition Tribunal acknowledged on Tuesday that he had not come across another market internationally where import-parity pricing (IPP) was employed as the basis for setting domestic steel prices. 

Market unfazed by steel-price fight

By: Terence Creamer     3rd April 2006 The market's muted reaction to developments and statements being made at the ongoing Competition Tribunal hearing into alleged excessive pricing and inducement abuse by Mittal Steel South Africa, appears to be based on a belief that the tribunal, as one analyst put it, simply “does not have... 

Competition Tribunal delves into steel group's complex system of price setting and rebates

By: Terence Creamer     31st March 2006 On the fourth day of the ongoing Competition Tribunal hearing into alleged excessive pricing and inducement abuse by the steel giant, Mittal Steel South Africa, chairperson Dr David Lewis went right to the heart of the matter in his questioning of a key witness. 

Disagreement all round

By: Terence Creamer     31st March 2006 What will a scaled-up electricity-generation investment plan mean for future prices? This question, no doubt, is weighing heavily on the minds of officials at State utility Eskom, the National Energy Regulator of South Africa (Nersa) and those private enterprises deliberating energy-based... 

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