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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

Coal India offers assured volumes to fuel-starved captive power plants

By: Ajoy K Das     Updated 7 hours ago Throwing a lifeline to fuel-starved captive thermal power plants, Coal India Limited (CIL) has offered assured yearly supplies of dry fuel for a period of five years with volumes allocated through e-auctions. CIL has communicated to captive power plants operated by various industries like steel,... 

China’s preference for long-term contracts affecting Indian iron-ore miners

By: Ajoy K Das     25th September 2018 Indian overseas shipment of high-grade iron-ore fines and lumps is facing significant risks as Chinese steel mills are increasingly looking at long term supply agreements. According to three miner-exporters based in the eastern Indian province of Odisha, the largest iron-ore producer in the... 

Global crude steel production rises 2.6% y/y in August

By: Simone Liedtke     25th September 2018 Global crude steel production increased by 2.6% year-on-year to 151.7-million tonnes in August, the World Steel Association (worldsteel) reports. According to the data, which was released on Tuesday, China’s crude steel production for August was 80.3-million tonnes, an increase of 2.7% compared... 

Concrete Offers Unmatched Structural Integrity, Says TCI

25th September 2018 Structural integrity, durability, energy efficiency and fire resistance are just a few of the benefits concrete construction offers for the creation of infrastructure, says Bryan Perrie, MD of The Concrete Institute (TCI). Perrie says the strength of concrete elements in buildings is well... 

Uniflex-Hydraulik GmbH / 2-year warranty

25th September 2018 Social-Media-Post HM 665 with Control C.2: The top production crimper with an opening stroke of more than 180 mm. Thanks to an opening diameter without dies of 580 mm, the HM 665 can be used to crimp industrial hoses up to 12" with ANSI flanges and pipe fittings up to 16" without removing the... 

Domestic Manufactures Must Work Together To Survive

By: Creamer Media Reporter      25th September 2018 The global trade war between two of the world’s largest economies has the potential to render global growth less synchronised, less certain and less supportive of emerging economies. Moreover, weaknesses in the global economy would make it even more difficult for South Africa to accelerate its... 

India to incentivise consortiums to build iron-ore pellet plants

By: Ajoy K Das     21st September 2018 India’s Mines Ministry is exploring ways to incentivise private merchant iron-ore miners to form consortiums to construct pelletisation plants in mineral bearing states, in view of a changing raw material preference of steel mills worldwide, particularly in China. Government companies like... 

Africa’s metals, engineering cluster needs to do more to attract investment 

By: Marleny Arnoldi     21st September 2018 Steel and Engineering Industries Federation of Southern Africa (Seifsa) chief economist Dr Michael Ade has declared Africa’s metals and engineering sector open for business. Ade was addressing delegates on the second day of Seifsa’s fourth annual Metals and Engineering Indaba, in Johannesburg. 

Peabody announces $400m Alabama coal acquisition

By: Mariaan Webb     21st September 2018 US coal major Peabody Energy on Friday announced the $400-million acquisition of the Shoal Creek metallurgical coal mine, in central Alabama, from private producer Drummond Company. Located on the Black Warrior river, the mine serves the Asian and European steel mills with high-vol A coking coal... 

Innovation Challenge to find future steel product fingerprint

21st September 2018 SSAB and Sandvik Materials Technology are joining forces to find the best ideas on how to track steel products during their whole life cycle. Today the SmartSteel Innovation Challenge is launched, an initiative by SSAB and Sandvik Materials Technology looking to find new brilliant ideas on what a... 

Precast Concrete Faҫades Bring Buildings To Life

21st September 2018 Precast construction technology represents Finnish high-tech know-how at its best. The country’s professionalism in precast technology originates from its extensive application of this construction method. Testing innovative solutions and developing new products has been possible due to a solid... 

Chinese steel mills chase iron-ore contracts with Brazil's Vale

By: Reuters     21st September 2018 Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron-ore ahead of winter steel output cuts, a boon for the main supplier of such grades of the commodity, Brazilian mining giant Vale. China, the world's biggest consumer of the steelmaking ingredient,... 

Pilot programme seeks to align artisan training with industry needs

By: Schalk Burger     21st September 2018 The Centres of Specialisation pilot programme has been launched by the Department of Higher Education and Training (DHET) to develop a focused and industry-led apprenticeship structure for 13 priority trades needed for infrastructure development. The objective is to test the effectiveness of... 

Company eyes expansion into Africa

By: Evert Wasserman     21st September 2018 Owing to its ability to adhere to State-owned power utility Eskom’s stringent electrification infrastructure requirements, electrical solutions and engineering provider Gridbow has expanded its services into other African countries. “Contrary to popular belief, Eskom has very stringent rules with... 

Pilot programme seeks to align artisan training with industry needs

By: Schalk Burger     21st September 2018 The Centres of Specialisation pilot programme has been launched by the Department of Higher Education and Training (DHET) to develop a focused and industry-led apprenticeship structure for 13 priority trades needed for infrastructure development. The objective is to test the effectiveness of... 

Sanral awards R1.65bn Msikaba megabridge contract to Concor Mota-Engil JV

By: Marleny Arnoldi     20th September 2018 The South African National Roads Agency Limited (Sanral) has awarded the Concor Mota-Engil joint venture (JV) the second of two megabridge construction contracts as part of the N2 Wild Coast project. The R1.65-billion bridge will be built near Lusikisiki over the Msikaba gorge.  

China's iron-ore demand to remain flat as scrap steel use rises

By: Reuters     20th September 2018 China's iron-ore demand is expected to stay flat, said an official from Baoshan Iron & Steel Co, the country's biggest listed steelmaker, as Beijing's stricter environmental rules boost the use of scrap steel. China's growing stockpiles of scrap steel should also increase its use in steelmaking... 

Vital Engineering: ensuring quality and safety standards don’t slip in the local and pan-African mining sector

20th September 2018 “Electra Mining has definitely grown exponentially over the past few years in terms of the scale and variety of companies, products and solutions showcased”, was the observation by Glen Pringle, Technical Director at Vital Engineering, on visiting the show with members of his sales team last... 

DST bolsters biomass industry with new consortium

By: Marleny Arnoldi     20th September 2018 The Department of Science and Technology (DST) has established a biorefinery research consortium (BRC) to create new value chains from waste biomass. The consortium is a partnership between the Council for Scientific and Industrial Research (CSIR), the Tshwane University of Technology, the... 

Phosa says South Africa should be ‘plotting’ a credible economic strategy 

By: Terence Creamer     20th September 2018 Former African National Congress (ANC) treasurer-general Mathews Phosa made a forthright appeal on Thursday for the creation and implementation of a credible economic strategy, centred on growth and job creation, rather than “vague, ill-timed, conflicting and populist” policies. Speaking at the... 

Vale says it could expand Brazil iron-ore mine as Chinese demand grows

By: Reuters     20th September 2018 Mining giant Vale is looking at expanding its flagship iron ore project in Brazil amid growing Chinese appetite for higher-grade varieties of the commodity, a company official said on Thursday. China, the world's top consumer of the steelmaking ingredient, has ramped up buying of higher-quality,... 

PSV brings on board two key partnerships to drive strategy going forward

By: Marleny Arnoldi     19th September 2018 AltX-listed industrial holding company PSV Holdings has finalised an equity transaction with Regis Holdings and concluded a broad-based black economic empowerment (BBBEE) partnership with Beryl Holdings Partners. Regis is a Mauritanian-headquartered investment holding company, and Beryl... 

High-calibre Speakers To Address Challenges Confronting The Metals And Engineering Indaba Starting Tomorrow

By: Creamer Media Reporter      19th September 2018 High-calibre speakers – including Cabinet Ministers senior business leaders and labour leaders – will address delegates attending the fourth Southern African Metals and Engineering Indaba taking place at the IDC Conference Centre in Sandton tomorrow and on Friday. The Indaba, now in its fourth... 

ASX-hopeful Montem to develop Canada coking coal projects

By: Creamer Media Reporter      19th September 2018 Montem Resources, a company with coking coal development projects in Canada, has announced its planned initial public offering (IPO) and listing on the ASX as it seeks to shore up funding for its brownfield projects in Alberta and British Columbia. The company has lodged its prospectus the... 

Global steel production, consumption growth to slow – Fitch

By: Tasneem Bulbulia     18th September 2018 Growth in global production and consumption of steel in expected to slow over 2018/19, following a significant rebound since early 2016, Fitch Solutions Macro Research’s recently published ‘Global Steel Outlook’ report states. The global market will post a narrowing deficit of 7.4-million tonnes... 

Sitatunga Resources branches out into manganese

By: Marleny Arnoldi     18th September 2018 Exploration and mining project development company Sitatunga Resources has bought the East Manganese project, in Hozatel, Northern Cape, from Southern Ambition, marking the first step in the company’s strategy to build a manganese portfolio in the province. The deal, which was signed on August... 

Helping innovate to improve service delivery in outlying areas of South Africa

By: Creamer Media Reporter      18th September 2018 While ageing infrastructure remains a significant challenge in rural areas, this is an opportunity for smaller municipalities and their supply-chain partners to find innovative ways of developing and maintaining the assets they need to provide services to the poor. Shaun Hadkinson, CoreSlab’s... 

Mining, construction and automotive sectors critical for M&E sector’s survival

By: Creamer Media Reporter      18th September 2018 The link between the metals and engineering (M&E) sector and the mining, construction and auto manufacturing industries will come under scrutiny at the fourth Southern African Metals and Engineering Indaba taking place at the IDC Conference Centre in Sandton on Thursday and Friday this week. “The... 

Top miner sees US-China trade tensions limiting global growth

By: Bloomberg     18th September 2018 Rising US-China trade tensions threaten to curb consumer purchasing power, crimp productivity growth and limit global economic expansion, according to the world’s biggest mining company. The confrontation between the world’s top two economies, “along with an increasingly unpredictable policy... 

US gives rare earths reprieve in revised $200bn China tariff list

By: Reuters     18th September 2018 The United States did not include rare earth elements, metals used in magnets, radars and consumer electronics, from its final list of tariffs on $200-billion of Chinese goods, underscoring its reliance on China for the strategic minerals. China is the world's largest producer of rare earths and... 

Commercial coal mining in India potentially heading for backburner

By: Ajoy K Das     17th September 2018 Signs are emerging that commercial coal mining in India, sans any end-use restrictions and permitting free merchant sale, will be put on the backburner, if not die a slow death altogether. Although no official acknowledgement of the same is forthcoming from any of the departments involved in... 

Transnet, Eskom and PWC bosses to discuss administered prices affecting South Africa’s international competitiveness

By: Creamer Media Reporter      17th September 2018 Transnet and ESKOM Chief Executive Officers Siyabonga Gama and Phakamani Hadebe will discuss administered prices such as logistics costs, electricity prices and port tariffs, which are negatively affecting South Africa’s international competitiveness on the second day of the fourth Southern... 

World’s first hydrogen fuel cell train enters commercial service

By: Simone Liedtke     17th September 2018 The world’s first hydrogen fuel cell train, the Coradia iLint, made its debut this past weekend. The train is equipped with fuel cells that convert hydrogen and oxygen into electricity, thereby eliminating pollutant emissions related to propulsion. 

Poultry industry takes on US chicken quota as court case brews

By: News24Wire      17th September 2018 The South African Poultry Association (SAPA) wants government to review the quota of US poultry imports, following the imposition of tariffs on local aluminium and steel products. In court papers filed in the North Gauteng Court, the organisation argues that US tariffs on SA steel and aluminium... 

Jupiter declares healthy dividend for H1 2019

By: Marleny Arnoldi     17th September 2018 ASX-listed Jupiter Mines has declared an interim unfranked dividend of $0.05 apiece, to be paid on October 10, equating to a near 100% payout ratio post South African withholding tax and Jupiter income tax payment. Jupiter owns 49.9% of the Tshipi openpit manganese mine, in the Kalahari... 

Large Bridges Showcase Concor Infrastructure Expertise On N2 Road Contract

17th September 2018 Concor Infrastructure has made solid progress constructing and extending more than eleven structures, including two large bridges and four overpass bridges, on the exciting N2 highway upgrade between Mtunzini and Empangeni in KwaZulu-Natal. This substantial South African National Roads Agency SOC... 

Lianxin Steel and Shandong Laigang Yongfeng order TMbaR mill from SMS group

By: Creamer Media Reporter      17th September 2018 For decades, SMS group (www.sms-group.com) has been a pioneer in and promoter of thermomechanical rolling. Now, two Chinese companies, Lianxin Steel and Shandong Laigang Yongfeng Steel, have decided to employ TMbaR, the process developed by SMS group for thermomechanical rolling of rebar. With... 

voestalpine contracts SMS group to supply main melting-area components for new stainless steel plant in Kapfenberg, Austria

By: Creamer Media Reporter      17th September 2018 Voestalpine BÖHLER Edelstahl, a subsidiary of the international technology and capital goods group voestalpine and located in Kapfenberg, Austria, has placed an order with SMS group (www.sms-group.com) to supply an electric arc furnace, an AOD converter and secondary metallurgical facilities for... 

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