R/€ = 14.14 Change: -0.06
R/$ = 13.03 Change: 0.12
Au 1275.65 $/oz Change: -10.99
Pt 961.00 $/oz Change: -15.00


AMSA to raise R3.5bn

By: Reuters     7th April 2017 The South African unit of ArcelorMittal is seeking to raise a R3.5-billion ($250-million) credit facility to shore up its working capital, it said on Thursday. The borrowing-based credit facility depends on the value of collateral a company pledges. The company is struggling to make a profit due... 

Sasfa marks ten years of LSFB developments in SA

By: Marleny Arnoldi     3rd March 2017 In celebrating its tenth anniversary, the South African Light Steel Frame Building Association (Sasfa), has decided to compile an informative ten-year anniversary publication to highlight the significant achievements and developments in the light steel frame building (LSFB) industry to date. 

Solidarity protects local steel industry

By: Marleny Arnoldi     3rd March 2017 Following the National Treasury’s instruction last month that State-owned entities must use 100% locally manufactured structural steel last month, trade union Solidarity says it will act as a watchdog to ensure that this happens.  

ArcelorMittal Bremen to install new HD spray system developed by SMS group in its continuous caster

     14th February 2017 ArcelorMittal Bremen has placed an order with SMS group to supply the newly developed HD spray system with air-mist cooling for its continuous slab caster. The modification at the two-strand vertical bending machine is to be completed during a plant shutdown scheduled for the... 

Former Alderon chief executive rejoins board

By: Henry Lazenby     25th January 2017 The former president and CEO of Canadian project developer Alderon Iron Ore, Tayfun Eldem, has rejoined the company’s board with immediate effect, replacing John Baker, who had been with Alderon since 2010. The TSX-listed company stated on Tuesday that Eldem was Alderon's president and CEO until... 

TFR opens steel hub to encourage rail transport 

By: Natasha Odendaal     5th December 2016 Transnet Freight Rail (TFR), in conjunction with ArcelorMittal South Africa (AMSA), Barloworld and Grindrod Logistics, have launched a ‘steel hub’ at TFR’s Elandsfontein yard to migrate steel volumes that are being transported by road back onto rail. Two years after first deliberations, last week... 

ArcelorMittal Zenica d.o.o. produces compact rebar coils on new VCC® line from SMS group

     17th November 2016 The VCC® (Vertical Compact Coiler) line, which SMS group supplied to ArcelorMittal Zenica d.o.o., Bosnia and Herzegovina, has successfully passed its performance tests. The new line has been designed to produce compact coils at an hourly throughput of 60 tons. The VCC® line... 

Liberty House said to bid for Arrium's assets

By: Bloomberg     18th October 2016 Liberty House Group is among bidders to have submitted an offer for the steel and iron-ore assets of Australia’s Arrium, according to people with knowledge of the process. The London-based steelmaker and metals trader made a non-binding proposal, the people said, requesting anonymity as the... 

China to proceed with biggest steel merger in almost a decade

By: Bloomberg     20th September 2016 Two of China’s biggest steelmakers agreed to merge their listed units, moving a step closer to a union that would create the nation’s biggest mill and a company with the scale to rival ArcelorMittal. The publicly traded arm of Shanghai Baosteel Group, the second-biggest Chinese mill by output,... 

Amid low prices and weak demand, steel protectionism goes global

By: Bloomberg     26th August 2016 From the US to India, regulators around the world are pushing harder than ever to shield local steel industries from foreign competition. Nations imposed 85 new duties and other taxes on steel imports in the first half, according to the Russian Steel Association, which counted preliminary and... 

Cliffs’ Q2 revenues remain flat y/y

By: Anine Kilian     2nd August 2016 NYSE-listed iron-ore producer Cliffs Natural Resources’ second-quarter consolidated revenues for 2016 remained relatively flat at $496-million, compared with the prior year's second-quarter revenues of $498-million. The company recorded a net income of $30-million from continuing operations for... 

Waterberg rail supply disappoints Exxaro

By: Martin Creamer     28th June 2016 Rail supply in the Waterberg region since the beginning of the year has been disappointing, Exxaro Resources said on Tuesday. The JSE-listed company reported receiving only 3.5 trains a week from Transnet Freight Rail instead of the required five, a situation likely to persist until the... 

Finalists Announced for 5th annual Standard Bank Rising Star Awards

     24th June 2016 After receiving hundreds of entries and going through thousands of pages of nominations, motivations and verifications, the finalists for the 5th Annual Standard Bank Rising Star Awards have been announced! Over the past four years, these awards have been identifying, recognising and celebrating... 

Best metal bond gets even better as Cliffs cashes in on rally

By: Bloomberg     17th June 2016 Cliffs Natural Resources’ borrowing costs fell to the lowest in almost two years as it capitalised on the best stock rally among iron miners to raise money and declared itself out of the woods after a price rout. The Cleveland-based company’s notes due 2018 rallied Thursday, pushing down its... 

Rio Tinto to buy back $1.7bn of 2018 bonds to reduce debt

By: Bloomberg     15th June 2016 Rio Tinto Group will repurchase about $1.7-billion of bonds, its second buyback in about two months, as it seeks to cut debt. The world’s second-largest mining company is buying back $943-million of 6.5% notes due in July 2018 and $804-million of 2.25 percent securities maturing in December the... 

MPs demand to see Davies over steel price hikes

By: African News Agency      24th May 2016 Opposition MPs on Tuesday accused Trade and Industry Minister Dr Rob Davies of turning a blind eye to repeated steel price increases and demanded that he be called to explain government’s inaction. Democratic Alliance MP Dean McPherson said four steel price increases so far this year violated an... 

Responsible mining standards published ahead of global certification programme launch

By: Samantha Herbst     5th April 2016 The Initiative for Responsible Mining Assurance (IRMA) has published the second and revised draft of its Standard for Responsible Mining, which it released on Tuesday for public comment and a sixty-day review.The standard would form part of a multisector effort to certify the social and... 

Ministers serve at the pleasure of the president – Davies

By: News24Wire      18th March 2016 Trade and Industry Minister Rob Davies has downplayed reports that a cabinet reshuffle, in which he would be removed from his post, was imminent. "Ministers serve at the pleasure of the president and the president is the only person who can hire or fire ministers," his spokesperson, Sidwell... 

Guptas want to remove Rob Davies – SACP

By: News24Wire      17th March 2016 The South African Communist Party (SACP) claimed on Thursday that another "Gupta-inspired" Cabinet reshuffle was imminent and would see Trade and Industry Minister Dr Rob Davies removed from his post. The plan was to allegedly replace Davies with a "recently sworn in ANC MP and businessperson",... 

Augusta Steel

By: Zandile Mavuso     26th February 2016 Situated in Boksburg, in Gauteng at a 25 000 m² processing operation plant, steel processing company Augusta Steel’s plant has the capacity to handle coils of rolled steel of up to 30 tons. 

ArcelorMittal Kryviy Rih continues to rely on SMS group and orders third coil compactor in close succession

     26th October 2015 Company Announcement - ArcelorMittal Kryviy Rih, Ukraine, has placed an order with SMS group for the supply of a further horizontal coil compactor for its two-strand wire rod mill. After successful commissioning of a new coil compactor in 2013 and a second one in 2014,... 


     23rd October 2015 Filtration specialist and filtration products provider Filteg boasts a combination if skills, versatility, experience and top-quality equipment that give the company a distinct advantage over other companies handling similar types of equipment. Filteg services a broad range of clients across... 

Local pumps manufacturers benefit from falling rand

By: David Oliveira     2nd October 2015 While South Africa faces a list of crises, including unstable electrical supply, stumbling economic growth and labour unrest in many sectors, the weak rand presents challenges and opportunities for South African pump companies, says the Southern African Pump Systems Development Association... 

PPE solutions provider introduces new vending solution

By: Nadine James     2nd October 2015 Personal protective equipment (PPE) management solutions provider Select PPE has introduced an improved version of its PPE vending machine that provides all the benefits of an on-site store. Select PPE sales director Dries van Tonder tells Engineering News that the latest model, which was... 

Industrial elements manufacturer upgrades technology  

By: Dylan Stewart     18th September 2015 Benoni-based industrial elements manufacturer Independent Elements is adopting a number of new technologies that will enhance the reliability of the company’s product range, says Independent Elements chairperson Harry Flowers. 

Labour, business in bid to stop steel jobs bloodbath 

By: News24Wire      21st August 2015 Labour and business were scheduled to meet with government representatives in Pretoria on Friday in a bid to stem massive job losses the steel sector faces in the coming months. "The meeting was requested by labour and business amidst the looming jobs loss bloodbath" in the steel sector, said the... 

National Treasury aiming to implement carbon tax in mid-2016

By: Irma Venter     21st August 2015 The implementation of carbon tax in South Africa was set for the middle of next year, says National Treasury chief director of economic tax analysis Cecil Morden. “We are currently busy with the legislation, and we hope to have that legislation out within the next month or two. We are nearly... 

The state of duty protection in South Africa

     14th August 2015 The tough economic environment in South Africa over the past few years has served as a catalyst for protectionist pressures. Increasing import competition has further flamed calls for protection from various industries. According to the press, steelmaker ArcelorMittal recently lodged a normal... 

Carbon tax set for mid-2016 introduction, says National Treasury 

By: Irma Venter     7th August 2015 The implementation of carbon tax in South Africa was set for the middle of next year, said National Treasury chief director of economic tax analysis Cecil Morden on Thursday. “We are currently busy with the legislation, and we hope to have that legislation out within the next month or two. We are... 

Convergence Results in Cross-pollination of Industry Sectors

     16th July 2015 Frost & Sullivan will present key trends influencing the African landscape at the Growth Innovation Leadership Africa congress in August. Convergence is rapidly leading to a cross-pollination of industry expertise as organisations start to acknowledge how one business sector impacts another. In... 

Convergence Results in Cross-pollination of Industry Sectors

     15th July 2015 Frost & Sullivan will present key trends influencing the African landscape at the Growth Innovation Leadership (GIL) Africa congress in August. Convergence is rapidly leading to a cross-pollination of industry expertise as organisations start to acknowledge how one business sector impacts... 

Nyrstar announces A$52m Tasmania smelter spend, appoints CEO

By: Esmarie Swanepoel     14th July 2015 Base metals major Nyrstar has agreed to invest about A$52-million into four growth projects at its zinc smelter in Hobart, inking a funding and support package with the Tasmanian government. Two of the growth projects are aimed at significantly increasing the smelter's capacity to treat more... 

DTI-funded programme produces 78 expert level graduates

By: Dylan Stewart     5th June 2015 Since 2010, resource efficiency programme the National Cleaner Production Centre of South Africa’s (NCPC-SA’s) expert-level industrial energy efficiency courses, have produced 78 graduates, says NCPC-SA marketing and communications manager Julie Wells. 

Power outages harming metals and engineering industry, exports

By: Dylan Slater     15th May 2015 The impact of load-shedding and other power outages on the productivity of the metals and engineering industries might soon cripple some local companies’ ability to fulfil export orders, according to employer federation the Steel and Engineering Industries Federation of Southern Africa (Seifsa). 

Wikinger offshore wind farm project, northern Europe

By: Sheila Barradas     3rd April 2015 The Wikinger wind farm will be built about 75 km from the German coast, in water ranging from 37 m to 43 m deep. 

Secure supply of industrial gas supports broad range of industrial processes in Eastern Cape

     9th March 2015 Industrial gas continues to play a pivotal role in the growth of Eastern Cape industry, evidenced by Air Products South Africa’s supply to the local market for the past six months of uninterrupted supply of industrial gases.  The industrial gas company was commenting on its contribution to... 

Minister Rob Davies, Arcelormittal Ceo Paul O’flaherty And Business Leadership South Africa Chairman Bobby Godsell Among Speakers At Metals Indaba’s First Plenary Session

     17th February 2015 Does Manufacturing Have a Future In Southern Africa? That is the topic that will be debated robustly at the first plenary session of the inaugural Southern African Metals and Engineering Indaba scheduled to take place on 28 and 29 May. Answering that question and sharing their insights will be... 

Does Manufacturing Have a Future In Southern Africa?

     17th February 2015 Minister Rob Davies, Arcelormittal Ceo Paul O’Faherty And Business Leadership South Africa Chairman Bobby Godsell Among Speakers At Metals Indaba’s First Plenary Session JOHANNESBURG, 16 FEBRUARY 2015 – Does Manufacturing Have a Future In Southern Africa? 

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