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Seifsa bemoans lack of ‘concrete plans’ to tackle slow pace of economic growth  

By: David Oliveira     18th March 2016 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has welcomed government’s announced efforts to reduce its expenditure; however, the organisation remained concerned about the lack of concrete plans to address the country’s slow economic growth. Speaking a day after... 

AMSA insists market changes, not protection behind April steel hikes 

By: Terence Creamer     16th March 2016 Steel producer ArcelorMittal South Africa (AMSA) informed its customers this week that it would be increasing prices on a range of steel products by up to 11% from April 1, but the JSE-listed group insisted that the hikes had nothing to do with recent increases in tariff protection from 0% to 10%... 

Exxaro’s De Klerk appointed AMSA CEO

By: Anine Kilian     8th March 2016 Wim de Klerk has been appointed CEO and executive director of steel producer Arcelormittal South Africa (AMSA), effective September 1. De Klerk last week announced that he would resign as FD and executive director of diversified miner Exxaro Resources at the end of August. He had previously also... 

Lack of planning to address slow economic growth worrying – Seifsa

By: David Oliveira     25th February 2016 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has welcomed government’s announced efforts to reduce its expenditure; however, the organisation remained concerned about the lack of concrete plans to address the country’s slow economic growth. Speaking a day after... 

AMSA’s R1.5bn competition settlement part of bigger image makeover to win steel protection  

By: Terence Creamer     12th February 2016 Steel producer ArcelorMittal South Africa (AMSA) has made a R1.5-billion proposal to the Competition Commission to settle all outstanding matters against the company – if approved, it would be the largest competition-related fine ever paid by a single South African entity. Departing CEO Paul... 

With steel protection set to widen, focus turns to downstream risks

By: Terence Creamer     10th February 2016 With confirmation that government and the steel industry are close to finalising a package of measures designed to preserve the future of the embattled primary steel sector, there are concerns that domestic steel consuming industries could be squeezed between tariff-protected domestic steel... 

AMSA rights offer undersubscribed

By: Natalie Greve     18th January 2016 After announcing in December that it would undertake a R4.5-billion fully underwritten renounceable rights offer, ArcelorMittal South Africa (AMSA) said on Monday that the offer, which closed on January 15, was undersubscribed, with only 68.1% of the offered shares being taken up. In respect of... 

AMSA moves ahead with applications for ‘safeguard duties’

By: Terence Creamer     7th January 2016 Steel producer ArcelorMittal South Africa (AMSA) confirmed on Wednesday that it had submitted applications to the International Trade Administration Commission of South Africa (Itac) in December for “specific safeguard duties” on bars and rods, rebar, wire rod, hot rolled coil, cold rolled coil... 

AMSA CEO resigns, but to stay on as nonexecutive director

By: Natalie Greve     14th December 2015 ArcelorMittal South Africa (AMSA) CEO and executive director Paul O’Flaherty has resigned, citing a wish to “pursue other interests”. He would step down after the announcement of the 2015 year-end results on February 12, 2016, after which he would be appointed as a nonexecutive director, with... 

Case studies prove success of energy efficiency project

By: Dylan Stewart     11th December 2015 Having been implemented in South Africa in 2010, the Industrial Energy Efficiency (IEE) project, facilitated by the National Cleaner Production Centre South Africa, the Council for Scientific and Industrial Research, the Department of Trade and Industry and the Department of Energy, can now... 

Steel tube organisations merge under steel construction institute

20th November 2015 The Association of Steel Tube and Pipe Manufacturers (ASTPM) and the Steel Tube Export Association of South Africa (Steasa) have been absorbed into the Southern African Institute of Steel Construction (SAISC) group. “Both these organisations will retain their independence but will now be part of... 

Entries on a par with previous years despite tough times

20th November 2015 Southern African Institute of Steel Construction (SAISC) Awards convenor Spencer Erling says the quality of the entries for this year’s Steel Awards easily matched the outstanding quality of previous years. “We are going through very tough times in the steel construction industry yet, in spite of... 

Neasa’s Steel Lobby to take on ‘unequal’ antidumping duties

By: Natalie Greve     9th November 2015 Industry body, the National Employers Association of South Africa (Neasa) has launched a South African Steel Lobby that will advocate for the shelving of the antidumping application by primary steel producers and will look to negotiate an improved model for downstream manufacturers, it said on... 

AMSA adds R4.5bn rights issue to survival plan, as it warns of earnings ‘bloodbath’ 

By: Terence Creamer     6th November 2015 JSE-listed steel producer ArcelorMittal South Africa (AMSA) announced a whopping R4.5-billion rights issue on Friday as part of a multipronged survival package, which hinges materially on greater protection for the embattled domestic steel industry. The offer will be fully underwritten by the... 

Construction and mining markets targeted

By: Dylan Stewart     16th October 2015 “Presenting its products to members from the construction and the mining industries was the focus for steel product manufacturer Scaw Metals at this year’s BAUMA CONEXPO AFRICA, held at Johannesburg Expo Centre from September 15 to 18,” says company sales and marketing executive head George... 

Steel industry downscaling ‘unavoidable’, Seifsa warns

By: Terence Creamer     9th October 2015 Downscaling by South African primary steel producers was “unavoidable” despite recent protection measures, outgoing Steel and Engineering Industries Federation of Southern Africa (Seifsa) president Ufikile Khumalo cautioned on Friday. Khumalo is also chairperson of Scaw Metals, which confirmed in... 

Numsa calls for nationalisation of steel companies, mining 

By: Megan van Wyngaardt     6th October 2015 The National Union of Metalworkers of South Africa (Numsa) on Tuesday called on the National Treasury to investigate the noncompliance of the Preferential Procurement Policy Framework Act and its local content regulation as part of its list of demands ahead of its anticorruption march, in... 

AMSA to move ahead with BEE equity transaction

By: Terence Creamer     30th September 2015 Steel producer ArcelorMittal South Africa (AMSA) confirmed on Wednesday that it would be initiating a broad-based black economic-empowerment (BBBEE) ownership transaction and that KPMG had been retained to advise its board on the proposed transaction. KPMG would engage with “a number of black... 

Water in the tariff and smoke in the water

By: Riaan de Lange     25th September 2015 ‘Smoke and mirrors’ is considered a metaphor for deception, diversion or insubstantial explanation. The expression’s origin is attributable to magicians' illusions, where they make objects appear or disappear by extending or retracting mirrors amid a distracting burst of smoke. But this does not... 

Esop part of bigger AMSA push to bolster empowerment rating

By: Terence Creamer     21st September 2015 Steel producer ArcelorMittal South Africa (AMSA) received shareholder support last month for a five-year employee share ownership plan (Esop), which formed part of a larger strategy to improve its broad-based black economic-empowerment (BBBEE) rating to level three under South Africa’s evolving... 

Basil Read CEO joins AMSA board

By: Natalie Greve     10th September 2015 Steel manufacturer ArcelorMittal South Africa (AMSA) has named former Anglo American Platinum CEO and current Basil Read CEO Neville Nicolau and Hulamin board member Lungile Cele as independent nonexecutive directors, with effect from September 10, 2015, and January 4, 2016, respectively.... 

AMSA moves ahead with job cuts, says recent protection will help only in longer term

By: Terence Creamer     31st August 2015 Steel producer ArcelorMittal South Africa (AMSA) announced on Monday that processes had been initiated “with immediate effect” that could result in the retrenchment of 400 people at the Vereeniging meltshop and the forge, in southern Gauteng. An “industrial footprint review” had also been... 

Price, jobs, investment conditions placed on beneficiaries of first round of steel duties

By: Terence Creamer     28th August 2015 The first applications for protection on several steel products were approved on Friday, with Trade and Industry Minister Dr Rob Davies confirming that duties across eight tariff subheadings would be increased to the World Trade Organisation bound rate of 10%. However, government insisted that... 

Work together to save SA iron and steel industry – Zuma 

By: African News Agency      25th August 2015 President Jacob Zuma on Tuesday called on government, business, and trade unions to work together to prevent job losses in the struggling iron and domestic steel industry sector. “This is a time for unity in the sector so that this critical industry can be supported and emerge from the current... 

Govt, business, labour in rare show of unity amid threat of steel jobs ‘bloodbath’  

By: Natalie Greve     24th August 2015 In a rare show of collective force, labour and business in the steel sector appear to have successfully lobbied government to back efforts to raise protection for the embattled sector by hiking import duties on steel imports to the 10% “bound rate” allowed for under South Africa’s World Trade... 

Screw splicing a reliable alternative to conventional belt repairs

By: Mia Breytenbach     14th August 2015 Engineering company Bearing Man Group’s (BMG’s) efficient belt fastener system – the Super-Screw splice – which was originally used as a temporary alternative to conventional hot and cold splicing, has proven to be significantly reliable as a permanent splice for certain conveyor belts. The... 

Protection plea

By: Terence Creamer     14th August 2015 South Africa’s leading steel producer ArcelorMittal South Africa (AMSA) has made a strong case for increasing tariffs for an industry that is somewhat unique among its global peers in not enjoying import protection. Its argument, articulated forcefully by CEO Paul O’Flaherty, is that there is a... 

Resources Watch  

By: Creamer Media Reporter      13th August 2015 This week: A ‘depressed’ PGM market cycle stalls RBPlat’s Styldrift expansion. ArcelorMittal South Africa flags its iron-ore import plan as it seeks a new pricing deal with Kumba. And, Roytec clinches a Zimbabwe contract and now boasts a R100-million order book. 

Radebe cautious on higher tariffs on Chinese steel 

By: Natalie Greve     11th August 2015 Amid calls by the South African steel industry for improved tariff protection against the import of inexpensive Chinese steel, Minister in the Presidency Jeff Radebe has cited overarching trade considerations, political alliances and South Africa’s inclusion in the Brazil, Russia, India, China... 

Fresh Earth Bake House gluten free bakery first to receive ISO accreditation in SA 

By: Creamer Media Reporter      6th August 2015 Fresh Earth Bake House is the first exclusively gluten free bakery in South Africa to be ISO 22000 Food Safety System Certification compliant.  

AMSA makes yet more submissions to Itac for steel protection

By: Terence Creamer     5th August 2015 Steel producer ArcelorMittal South Africa (AMSA) has confirmed the submission of seven new applications to the International Trade Administration Commission of South Africa (Itac) for an increase of customs duties on certain steel products to 10%. The new submissions cover plate, hot-rolled coil,... 

‘Fair’ steel pricing model will cap good-times upside, offer bad-times collar

By: Terence Creamer     31st July 2015 Embattled South African steel producer ArcelorMittal South Africa (AMSA) has offered insight into the “fair pricing model” it has tabled before government in return for tariff protection and a government stipulation that locally manufactured steel be designated for used public infrastructure... 

AMSA flags iron-ore import plan as it seeks new pricing deal with Kumba 

By: Terence Creamer     31st July 2015 Steel producer ArcelorMittal South Africa (AMSA) signalled on Friday that it was aiming to reopen historically fraught iron-ore pricing negotiations with Kumba Iron Ore, with CEO Paul O’Flaherty describing the current cost-plus arrangement as unsustainable in light of dramatic declines in... 

Fair trade-off?

By: Terence Creamer     24th July 2015 The trade-off currently being considered in the steel industry is relatively straightforward. The country’s largest steel producer, supported by some smaller companies, is seeking greater protection from steel imports, as well as regulations stipulating that locally made steel be used in public... 

‘Poor citizen’ AMSA promises to mend ways as it seeks support to save Vereeniging and company 

By: Terence Creamer     23rd July 2015 South Africa’s largest steel producer ArcelorMittal South Africa (AMSA) gave notice on Thursday that it was weighing the partial or full closure of its Vereeniging Works, in southern Gauteng, and would make a decision of the plant’s future by the end of August. At the same time, CEO Paul... 

Cash-hungry steelmaker Evraz Highveld halts operations

By: Natalie Greve     20th July 2015 South Africa’s second-largest steelmaker Evraz Highveld Steel and Vanadium confirmed on Monday that it had temporarily ceased steel production at its steelworks, citing working capital constraints and reduced domestic demand mainly owing to a “significant” increase in steel imports from China.... 

‘Holistic’ steel solution involves ‘fair pricing’ versus protection trade-off

By: Terence Creamer     15th July 2015 ArcelorMittal South Africa (AMSA) CEO Paul O’Flaherty says he is optimistic that a “holistic” solution will be found by September this year to the sustainability challenges currently being experienced by the domestic steel industry. He confirmed in an interview with Engineering News Online that... 

Govt ready to back steel industry’s bid for tariff protection 

By: Terence Creamer     13th July 2015 The South African government confirmed on Monday that it would support an application by domestic steel companies for across-the-board tariff protection of 10% – South Africa currently had no duties in place on primary steel imports. The International Trade Administration Commission of South... 

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