R/€ = 14.39 Change: 0.11
R/$ = 12.87 Change: 0.06
Au 1266.92 $/oz Change: -0.32
Pt 962.00 $/oz Change: 2.00

Press Office - Macsteel


With a proud history spanning more than 110 years, Macsteel Service Centres SA continues to develop and expand, reinforcing its position as the leading merchandiser and distributor of steel and value added steel products in Africa. Consisting of 8 dynamic Business Units and operating from a network of 79 service centres, branches and warehouses, Macsteel supplies the entire Sub Saharan geographic region with the full range of carbon steel, special steel, stainless steel, aluminium products and value added steel processes to all sectors of industry.  Macsteel invites You to test their mettle and forge an enduring partnership with them as Your preferred steel supplier of choice


ArcelorMittal consortium wins bid to buy Italy's Ilva steel plant – source

By: Reuters     26th May 2017 ArcelorMittal and steel processor Marcegaglia have won a bid to buy troubled Italian steel plant Ilva, a source with knowledge of the matter said on Friday. The world's top steelmaker and its Italian partner offered just under €2-billion ($2.24-billion) for the loss-making plant, Europe's biggest... 

Surcotec’s thermal spray coating solutions has the Western Cape marine market covered

     26th May 2017 The marine industry is a notoriously harsh environment for equipment, parts and components due to accelerated corrosion in a seawater atmosphere and severe operating conditions. Leading thermal spray company, Surcotec, in partnership with Thermaspray, offers a range of high quality thermal spray... 

PE composites cluster investigates basalt, kenaf potential

By: Irma Venter     26th May 2017 Nelson Mandela Bay Composites Cluster MD Andy Radford says the cluster has mapped the value chain for the production and application of basalt in composites. He says the cluster is at an advanced stage of securing local and global beneficiators and buyers for the mineral for use in composite... 

Dango & Dienenthal SA

     26th May 2017 Dango & Dienenthal SA Pty Ltd (DDSA) started off by means of representation by K. Kling, which became a fully owned subsidiary of E.C. Lenning.  In 1982 the decision was taken to establish DDSA.  SKIMMING TECHNOLOGY Due to increasing demands in quality of molten and processed material, different... 

Arconic shareholders elect three Elliott nominees to board

By: Reuters     26th May 2017 Specialty metals producer Arconic Inc said its shareholders had elected three of Elliott Management Corp's nominees to its board of directors, based on a preliminary vote count following the company's annual meeting on Thursday. Elliott, a New York hedge fund run by billionaire Paul Singer,... 

Coffin Butte pumped-storage scheme project, US

By: Sheila Barradas     26th May 2017 The project involves the construction of 880 GWh/y pumped-storage scheme in Montana. 

New range of drives and motors available in SA

     26th May 2017 Technical solutions provider Bearing Man Group (BMG) has a new range of drives and motors that includes newly launched products from hoisting and power transmission solutions provider Dinamic Oil. 

New torque limiter sizes added to developer’s range

     26th May 2017 Power transmission component developer KTR has extended its line of lightweight torque limiters overload couplings by adding two new sizes. 

Range of power transmissions showcased at fair

     26th May 2017 At the seventh edition of the yearly Italian Automation Fair (SPS Italia), held in Parma from May 23 to 25, a number of power transmission components companies showcased a range of power transmission and motion control solutions. 

Hazelton Pumps, Weir Minerals win big at Seifsa Awards for Excellence

     25th May 2017 Family-owned Hazelton Pumps and engineering solutions provider Weir Minerals were the big winners at the Steel and Engineering Industries Federation of Southern Africa’s (Seifsa’s) Awards for Excellence. Almost 100 guests representing small and large companies in the metals and engineering sector... 

JRA spends R14.4m on bridge joints

By: Megan van Wyngaardt     25th May 2017 The Johannesburg Roads Agency (JRA) has, over the last year, invested R14.4-million in the replacement of 42 bridge expansion joints on 16 bridges across the city, including on Buccleuch drive and the M1 near the Joe Slovo bridges. The repair and replacement of bridge joints forms part of JRA’s... 

Applications for new R1.5bn steel incentive open on June 1

By: Terence Creamer     25th May 2017 Economic Development Minister Ebrahim Patel released details on Thursday of a new R1.5-billion incentive for downstream steel manufacturers, which would be implemented from June 1. The incentive, officially named the ‘Downstream Steel Industry Competitiveness Fund’ is to be administered by the... 

Coal India wins tax-cut boost as environmentalists fret

By: Reuters     25th May 2017 State-run Coal India Ltd , saddled with millions of tonnes of unsold coal, is expected to be the biggest beneficiary of a controversial government decision to more than halve the sales tax on the fuel after a jump in local supplies. The world's third-largest greenhouse gas emitting country said... 

Denel contradicts Gigaba’s reported stance on VR Laser Asia

By: African News Agency      24th May 2017 Denel on Wednesday contradicted reports that Finance Minister Malusi Gigaba had ordered the State-owned arms manufacturer to dissolve its controversial joint venture with VR Laser Asia, a company linked to the Gupta business empire, and withdraw its litigation against National Treasury for... 

AMSA secures R4.5bn funding facility

By: Megan van Wyngaardt     24th May 2017 ArcelorMittal South Africa (AMSA) has secured a R4.5-billion revolving structured commodity trade finance facility, which will allow the steel manufacturer to finance its working capital as part of its balance sheet restructuring. CEO Wim de Klerk said in a statement that the company had... 

DTI refuses to release list of black industrialist scheme beneficiaries for fear they will be ‘harassed’ 

By: Terence Creamer     23rd May 2017 Trade and Industry Minister Dr Rob Davies showcased four recipients of government’s flagship Black Industrialist programme (BIP) during his Budget Vote on Tuesday, but astonishingly refused to release the names of all 46 recipients of the non-refundable government grants and concessional loans.... 

Global steel production rises 5% y/y in April

By: Creamer Media Reporter      23rd May 2017 Global steel production, as reported by the 67 member countries of the World Steel Association (worldsteel), rose by 5% year-on-year to 142.1-million tonnes in April. China’s steel production increased by 4.9% to 72.8-million tonnes, while Japan’s output rose 3% year-on-year to 8.8-million tonnes. 

Thos Begbie’s global quality status boosted by on-the-spot Dekra 

By: Martin Creamer     23rd May 2017 The same-site working relationship that Thos Begbie has established with global quality inspectorate Dekra Industrial RSA is giving the prolific exporter of copper castings a commercial edge in its global dealings with mining and smelter-related customers worldwide. Thos Begbie now hosts the... 

Queensland coal mining jobs growing again

By: Esmarie Swanepoel     23rd May 2017 Stronger commodity prices have resulted in an increase in the number of jobs in the coal exploration sector, with new data from the Queensland government revealing that employment in the sector had grown by more than 3 000 in the six months to November. “Coal mining jobs are up 9% to 22 000 and... 

Minister says S Australia plans magnetite strategy

By: Esmarie Swanepoel     23rd May 2017 The South Australian government has unveiled plans for a magnetite strategy, similar to its copper strategy, to unlock the 14-billion tonnes of ore present in the state. Minister for Mineral Resources and Energy Tom Koutsantonis said in Adelaide on Tuesday that the soon-to-be released magnetite... 

Iron stockpiles hit record in China as quality gets scrutiny

By: Bloomberg     22nd May 2017 he record heap of iron-ore on China’s doorstep just got even bigger, with the increase in holdings so far this year eclipsing the build up seen over all of 2016 as mills produce unprecedented amounts of steel. Stockpiles at ports rose 1.3% to 136-million metric tons, expanding for a fourth week,... 

Megabridge construction on N2 highway project to start later this year 

By: Irma Venter     19th May 2017 The construction of two megabridges, as part of the South African National Roads Agency Limited’s (Sanral’s) N2 Wild Coast Toll Road (N2WCTR) project, is expected to begin between August and October this year, says Sanral’s bridge network manager Edwin Kruger. “The tenders for the two bridges –... 

KZN coal mine supplying communities’ water needs and more, mulls output expansion 

By: Ilan Solomons     19th May 2017 The Zululand region of KwaZulu-Natal was afflicted by what the Department of Water and Sanitation described as the “worst drought in a century” in 2016 and is still one of the water-scarce areas of the country. Helping neighbouring communities survive this disaster, investment company Menar... 

Training facility in final stages

By: Marleny Arnoldi     19th May 2017 Valve company Invincible Valves is in the final stages of completing its new training facility on-site at the company’s factory in Knights, in Germiston.  

Valves association provides platform for training

By: Marleny Arnoldi     19th May 2017 With poor product design, poor selection and inefficient processes in the manufacture of valves becoming a concern, the South African Valve and Actuator Manufacturers Association (Savama) says there is a need for training to be emphasised to avoid this reality becoming entrenched.  

Thyspunt nuclear power plant would bring great benefits to the region – CDC 

By: Kim Cloete     18th May 2017 The Eastern Cape is holding out hope that the planned Thyspunt nuclear power plant will be built in the province despite the nuclear deal being put on ice for now. Coega Development Corporation (CDC) energy business development manager Sandisiwe Ncemane said the plant would hold great economic... 

Bosnian region's Parliament votes against mine sale to Israeli group

By: Reuters     18th May 2017 The Bosnian Serb Parliament on Wednesday voted against the sale of a government stake in an iron ore mine to the Israeli Investment Group (IIG) after ArcelorMittal warned it would take legal action if it went ahead. The government plan to sell the Ljubija mine to little-known IIG, which has no... 

Rocla Celebrates 100 Years Of Excellence

     17th May 2017 This year Rocla, one of South Africa’s leading manufacturers of precast concrete products, celebrates 100 years of excellence in the supply of products to the infrastructure, building and construction industries.   The Infrastructure Specialist Group (ISG) was formed in 2013 when Rocla,... 

Miners increase green energy use to power their pits

By: Reuters     16th May 2017 Major mining companies, including some of the world's biggest suppliers of fossil fuel, are seeking to use more renewable energy themselves as they strive to drive down costs and curb emissions. Glencore, the world's biggest shipper of seaborne coal, said in Tuesday's 2017 sustainability report... 

G20 must tackle distortions on global steel markets – German minister

By: Reuters     16th May 2017 The world's 20 biggest economies must jointly tackle the causes of imbalances on global steel markets, German Economy Minister Brigitte Zypries told Reuters on Tuesday, adding she had addressed the issue also in talks with Chinese counterparts. "We must work together on the causes of market... 

Chinese steel industry policies to boost iron-ore demand – Rio Tinto CEO

By: Megan van Wyngaardt     16th May 2017 Rio Tinto CEO Jean-Sébastien Jacques is confident China will continue to drive demand for mining products and iron-ore in particular, despite introducing new policies that will make environmental permits for steel mills harder to obtain and slow capacity. The country plans to eliminate... 

Mackenzie makes case for current BHP project portfolio

By: Esmarie Swanepoel     16th May 2017 Mining major BHP has made a case for its current project portfolio amidst renewed pressure for shareholder Elliot Management to abandon the US petroleum assets. BHP CEO Andrew Mackenzie told the Bank of America Merril Lynch Global Metals, Mining & Steel Conference that for a total investment of... 

ArcelorMittal warns of legal action over Bosnia iron-ore mine sale

By: Reuters     15th May 2017 ArcelorMittal, the world's largest steel producer, has warned Bosnia's authorities it is ready to take legal action to protect its ownership rights if a government-owned stake in the Ljubija iron-ore mine is sold to a rival bidder, the company said on Monday. ArcelorMittal owns a steel plant in... 

Chinalco proposes taking entire Guinea Simandou iron-ore mine

By: Reuters     15th May 2017 Chinalco has asked Guinea to let it take over the whole of the troubled Simandou iron-ore mine project, sources familiar with the matter say, as Beijing pursues a global strategy to secure key resources for its vast economy for decades to come. Mired in legal disputes, located in Guinea's remote... 

AMSA insists 12% hot-rolled-coil safeguard won’t translate into abrupt price hike

By: Terence Creamer     15th May 2017 Steel producer ArcelorMittal South Africa (AMSA) insists that the institution of a 12% safeguard duty on hot-rolled coil (HRC) from July 1 will not result in a commensurate rise in domestic prices for the primary-steel product, owing to a pricing agreement with government that regulates the... 

Iran's mining projects on hold as investors fear new sanctions

By: Bloomberg     15th May 2017 Iran has put on hold “almost all” of its mining agreements with foreign investors as companies from Europe to Asia fear additional sanctions on the Persian Gulf nation’s economy, according to the deputy minister of Iran’s Ministry of Industries, Mines and Trade. Less than $100-million of projects... 

India's Vedanta swings to profit after metal rally, zinc payout

By: Bloomberg     15th May 2017 Vedanta reported a fourth-quarter profit as India’s biggest base metals producer benefited from a rally in prices and a special dividend announced by its zinc arm. Net income attributable to owners was 14.1-billion rupees in the three months through March and revenues were Rs246.1-billion, the... 

AMSA expects HRC steel safeguards from July 1

By: Terence Creamer     12th May 2017 JSE-listed steel producer ArcelorMittal South Africa (AMSA) expects imposition of safeguard duties on hot rolled coil (HRC) to come into effect on July 1, but says certain stakeholder processes still have to be completed before the decision is confirmed. Trade and Industry Minister Dr Rob Davies... 

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