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Press Office - Macsteel

Macsteel

We have updated our “about Macsteel” editorial.  Kindly replace old and use the attached where is needed/necessary/appropriate.

Contact details:  Ronnie Jacobs – Group Executive:  Marketing & Business Development
Tel:  011 871 0000
Fax:  011 823 3860
Website:  www.macsteel.co.za
Email:  info@macsteel.co.za

Topic

Dalian iron-ore up on demand concerns, but edges off 3-week high

By: Reuters     Updated 1 hour 5 minutes ago Chinese iron-ore futures hit three-week highs on Monday, supported by firmer steel prices as producers curb output in line with China's campaign for bluer skies. But they pulled back from the highs on worries demand for the raw material would weaken in coming months as the steel output cuts deepen. 

Global steel production for 9 months to Sept up 5.6% y/y

By: Anine Kilian     Updated 2 hours 10 minutes ago Global crude steel production for the first nine months of this year reached 1.27-billion tonnes – a 5.6% year-on-year increase. The World Steel Association (worldsteel) on Monday reported that Asia had produced 876.3-million tonnes of crude steel in the first nine months of this year, an... 

Afrox presents Harvey Shacklock Gold Medal Award in honour of founding CEO

     Updated 4 hours ago In celebration of 90 years in the gases and welding industry and in honour of Afrox’s founding CEO, Afrox presented the prestigious Harvey Shacklock Gold Medal Award at the 69th annual SAIW dinner held on 20 October at Emperor’s Palace in Johannesburg. The award is significant to Afrox as it was... 

Captains of Industry - “Together we move South Africa forward”

     Updated 4 hours ago Cargo Carriers helps develop a world-class South African transport industry Cargo Carriers joins South Africans in recognising the important role that the larger transport industry has to play in growing the country’s economy and, in so doing, helping to address unemployment and inequality. These... 

Rotary table shot blast machine: what it is and how it works

     Updated 7 hours ago Shot blasting is a technique used to clean, reinforce (by shot peening) or polish various types of material, especially metals. The versatility of this method is so impressive that it is also used to achieve artistic effects on glass, stone, marble and wood. 

Japan govt wants to get actively involved in Kobe Steel issue – trade minister

By: Reuters     20th October 2017 The Japanese government wants to get actively involved in the issue of Kobe Steel's data fabrications, Hiroshige Seko, the minister of economy, trade and industry, said on Friday, as the company's widespread misconduct has sent a chill along global supply chains. Kobe Steel, Japan's third-biggest... 

New labelling system introduced for HDPE PE100 stub ends in SA 

By: Victor Moolman     20th October 2017 Thermoplastic piping company Plasti-Tech is supplying high-density polyethylene (HDPE PE100) stub ends, which have been labelled using a Lynx laser printer using invisible laser-radiation. “The significance of labelling the stub ends using the Lynx laser machine is that the manufacture, size and... 

New products showcased at Propak Cape

By: Victor Moolman     20th October 2017 Product identification solutions provider Pyrotec PackMark will focus on showcasing its newly launched ultra-portable Anser U2 handheld printer the 9405 Continuous Inkjet (CIJ) coder and the C340 laser from product identification and traceability solutions manufacturer Markem-Imaje at Propak Cape... 

BAIC implementing catch-up strategy to meet 2018 Coega deadline

By: Dylan Slater     20th October 2017 China-based vehicle manufacturer Beijing Automotive Group (BAIC), is accelerating some of its construction plans for its vehicle manufacturing plant, currently under construction at the Port Elizabeth-based Coega Industrial Development Zone, to catch up on delays incurred owing to primarily... 

Just havin’ fun

By: Terry Mackenzie-hoy     20th October 2017 Oh, woe to all of you who are married to engineers. Engineers are generally useful people to have around. But, when watching TV, if something is shown that is not correct engineering-wise, the engineer will snort and launch into a detailed explanation as to why the TV is wrong. You want to... 

Insimbi’s H1 earnings rise

By: Anine Kilian     19th October 2017 JSE-listed Insimbi Refractory and Alloys’ earnings before interest, taxes, depreciation and amortisation increased by 273% year-on-year to R179.8-million for the six months ended August 31. Earnings a share were up by 142% year-on-year to 11.97c and headline earnings a share increased by 150%... 

Steel and Vanadium complex finds new life as industrial park 

     19th October 2017 A closed steel complex in Mpumalanga is finding new vigour as an industrial park, by focusing on providing key facilities for specialist services companies. 

Japan transport ministry considering checks of cars, trains using Kobe Steel products – Kyodo

By: Reuters     19th October 2017 Japan's transport ministry is considering convening a meeting to probe the safety of automobiles, trains and planes using products from scandal-hit Kobe Steel, Kyodo reported on Thursday. With the data falsification scandal at Japan's No. 3 steelmaker affecting a wide range of manufacturers, the... 

Tertiary has eye on ‘near-revenue generating’ fluorspar project

By: Mariaan Webb     19th October 2017 Aim-traded Tertiary is in “advanced discussions” to acquire a new fluorspar project, which will add to its existing fluorspar assets in Sweden, Norway and the US. The company did not disclose where the project is located, but said that a technical due diligence was under way and that further... 

Incledon KZN relocates to new premises in Prospecton

     19th October 2017 Incledon KwaZulu-Natal has relocated to new premises in Prospecton, Durban, which has the added benefit of quicker service delivery and improved stock-control processes. The new location at 1A Transport Drive is just off the N2 South freeway, which facilitates both access and delivery, Incledon... 

Iron-ore, coking coal skid again in China as demand concerns emerge

By: Reuters     19th October 2017 Prices of steelmaking commodities iron ore and coking coal fell sharply on Thursday, pressured by worries over slower demand as Chinese mills curb output in line with Beijing's campaign to fight smog. Iron ore futures slid more than 4% and coking coal dropped more than 5%. Rebar steel futures... 

Europe aviation agency advises suspending use of Kobe Steel products

By: Reuters     18th October 2017 Europe's aviation regulator has advised aircraft manufacturers to suspend using parts from Kobe Steel until their legitimacy can be proved, following revelations about data cheating at the Japanese company. The European Aviation Safety Agency (EASA) said the concern was not serious enough at this... 

Pre-cast at the CORE of modern hotel

     18th October 2017 The new six-storey 2Ten Hotel is immediately noticeable by the slender and elegant vertical and horizontal lines that traverse the full length and width of the east, west and south walls of the structure. Meanwhile, lean horizontal and vertical strips of pre-cast concrete coping on the perimeter... 

Concord Cranes to diversify into new markets and extend its footprint

     18th October 2017 Concord Cranes, a crane hire and specialised transport service company in the Industrial Services Holdings (InServe) stable, is diversifying into the heavy-lift market, as well as expanding its footprint in South Africa and on the continent. The Concord Cranes group comprises Concord AngloV3... 

Citing data scandal, local govt delays Kobe Steel coal plant assessment

By: Reuters     17th October 2017 Japan's Kobe Steel, embroiled in a data falsification scandal in its metals business, was dealt a fresh blow as a local government suspended an environmental assessment of its plans to build a large coal-fired plant on the site of an old steelworks. The government of Hyogo in western Japan, where... 

China factories grapple with soaring prices as pollution crackdown bites

By: Reuters     17th October 2017 Chinese exporters at the country's biggest trade fair are more optimistic about global demand now than six months ago but Beijing's crackdown on pollution is ramping up costs and product prices, hurting smaller factories and foreign buyers. At the Canton Fair where some 25 000 manufacturers are... 

Shanghai rebar extends rally to one-month high, lifts iron-ore

By: Reuters     16th October 2017 Chinese rebar steel futures advanced for a third straight day to hit a one-month peak on Monday, supported by output cuts in the world's top producer as part of the government's battle against smog. The gains in steel prices lifted iron-ore, although traders were not convinced the increase in... 

Global steel demand growth to slow in 2018 after strong 2017 – worldsteel

By: Reuters     16th October 2017 Global steel demand growth is expected to slow to 1.6% next year following strong growth in 2017 that was driven by top consumer China, the World Steel Association (worldsteel) said on Monday. "The risks to the global economy ... have to some extent abated. We see the best balance of risks since... 

US demands regional steel, aluminum in Nafta auto rules

By: Reuters     16th October 2017 The Trump administration is demanding the use of North American-made steel, aluminum, copper and plastic resins in cars and trucks sold under North American Free Trade Agreement rules, as it seeks to give US industry a boost. People briefed on the matter said US negotiators issued the proposal,... 

Zinc price spike sparks flurry of miner listings

By: Reuters     13th October 2017 A doubling in zinc prices since late 2015 and strong outlook for the commodity has fueled a flurry of zinc miner listings on the Toronto Stock Exchange as companies cash in on investor demand for producers of the metal. Brazil-based Nexa Resources, a top five global zinc producer, is seeking to... 

Iron-ore rallies as China imports bust 100Mt level

By: Bloomberg     13th October 2017 Iron-ore imports by China surged above 100-million metric tons to a record, smashing the previous high set in 2015, as the country’s concerted push to clean up the environment stoked demand for higher-grade material from overseas while hurting local mine supply. Prices rallied. 

Seifsa president laments slow pace of metals sector transformation

By: Terence Creamer     13th October 2017 The slow pace of transformation in the metals and engineering sector continues to be of concern, Steel and Engineering Industries Federation of Southern Africa (Seifsa) president Michael Pimstein said during his presidential address in Johannesburg on Friday. He urged the sector, which represents... 

Airbus says has not found any suppliers affected by Kobe scandal

By: Reuters     13th October 2017 Airbus does not buy products directly from Japan's Kobe Steel but is investigating whether any of its suppliers are affected by a cheating scandal, an Airbus spokesman said. "So far we have not identified any suppliers that procure materials from Kobe Steel for parts fitted on our aircraft," he... 

Boeing passenger jets have falsely-certified Kobe Steel products-source

By: Reuters     13th October 2017 Boeing Co, the world's biggest maker of passenger jets, has used Kobe Steel products that include those falsely certified by the Japanese company, a source with knowledge of the matter told Reuters. Boeing does not as yet consider the issue a safety problem, the source stressed, but the... 

Self-starters share secrets to success in the South African mining sector

By: Ilan Solomons     13th October 2017 There are many ways for entrepreneurs to enter the mining industry, including as project developers, service providers and product suppliers – all of which hold great opportunities and challenges, states mining investment advisory company MX Mining Capital Advisors director Dr Mike Seeger. The... 

Drainage system helps manufacturer achieve international standards

By: Robyn Wilkinson     13th October 2017 Drainage technology provider ACO Systems South Africa has completed the first phase of the installation of its flagship hygienic solution at food manufacturer Simba Pepsico’s production plant, in Johannesburg. 

JV brings suspension products closer to market

By: Robyn Wilkinson     13th October 2017 A new joint venture (JV) – National Spring Manufacturers – between Italian suspension products provider Mollebalestra and local auto spring manufacturer Golden Spring & Engineering Services was launched last month, boosting the availability of the international brand and creating employment... 

Western Cape municipality begins master plan to combat water loss

     13th October 2017 The Drakenstein local municipality in Paarl, Western Cape, has begun a 20-year master plan to replace old or ageing asbestos pipes in the region with high-density polyethylene (HDPE) pipes, which will achieve significant success in reducing water loss throughout the municipal area. Water leakage... 

Italian company ensures engineering success in KZN

By: Robyn Wilkinson     13th October 2017 As it celebrates its sixtieth year in South Africa, Italian multinational engineering solutions provider Maccaferri will complete the construction of one of the country’s largest surfaces of mechanically stabilised earth walls to date – at 10 000 m2 – at the Mount Edgecombe interchange, in... 

Pollution prevention plans worthy of prompt attention

     13th October 2017 The South African government is developing the climate change regulatory environment in line with the Paris Agreement. Regulations and guidelines published recently in terms of the Air Quality Act require companies to now draft pollution prevention plans how they will mitigate emission of gases... 

China gobbles Amazon rainforest ore to clean polluted skies

By: Bloomberg     12th October 2017 A bid by China to clean up pollution in its biggest cities and industrial towns is fueling a push to mine resource riches on the other side of the globe in the Amazon rainforest -- one of the most environmentally sensitive areas on Earth. Smog-laden skies across the world’s most-populated country... 

RBPlat puts foot on capex accelerator at Styldrift

By: Martin Creamer     12th October 2017 The total capital expenditure (capex) of Royal Bafokeng Platinum (RBPlat) surged on increased mining and construction activities at the company’s Styldrift 1 project in line with ramp-up plans. The black-owned and controlled, mid-tier platinum group metals producer, which operates the Bafokeng... 

Whitehaven sees higher thermal prices

By: Esmarie Swanepoel     12th October 2017 Coal miner Whitehaven Coal has reported a 5% increase in run-of-mine (ROM) coal production and a 14% increase in saleable coal production for the three months to September, compared with the previous corresponding period. The company on Thursday announced that ROM coal production for the... 

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