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Steel major calls for drastic measures to counter current steel industry crisis

9th October 2018 Currently, the South African downstream steel sector is beset by numerous severely challenging issues which - if the situation continues unabated - will be severely detrimental to the ongoing viability of the entire steel sector in this country. One of the primary issues to be addressed is the... 

Women of Steel: ‘tempered’ by empathy and experience and taking the industry forward

6th September 2018 Despite the many women making a sterling contribution to many facets of the local steel industry today – from management, finance and procurement, sales, marketing, production and on the shop floor itself - the pivotal role women play in this sector is not widely known and seldom acknowledged.... 

Manufacturers continue to invest, despite tough market conditions

By: Simone Liedtke     28th August 2018 With tough economic conditions continuing to impact on manufacturers, the Manufacturing Circle Investment Tracker (MCIT) index for the second quarter of 2018 saw a marginal decrease from 59 index points to 58. Despite this marginal decrease, Manufacturing Circle (MC) executive Philippa Rodseth... 

Industry membership set to stimulate sector

By: Tasneem Bulbulia     17th August 2018 Steel supplier and processing company Allied Steelrode will use its new membership of the SA Institute of Steel Construction (SAISC) to play a positive role in the development and regeneration of the downstream steel industry, Allied Steelrode executive director Warne Rippon tells Engineering... 

China remains dominant coal consumer, producer

By: Natasha Odendaal     1st June 2018 China, India and the US will remain the largest consumers of thermal coal, while China, India and Russia will remain the largest consumers of coking coal during the period to 2027, a new report by BMI Research shows. In its ‘Industry trend analysis: global forecast to 2027’ report, BMI forecasts... 

Allied Steelrode, seven others join task force to lobby for support of downstream steel industry

By: Marleny Arnoldi     21st May 2018 Steel supplier and processing company Allied Steelrode has affirmed its commitment to an industry representative group the CEO Task Force, which will aid in regenerating the country’s steel sector, through mobilising the downstream industry – which suffers the most when challenges arise in the... 

Biggest miner says China's shift to quality iron-ore will hold

By: Bloomberg     7th May 2018 BHP Billiton, the world’s biggest miner, forecasts reforms in China’s steel sector will continue to hand an advantage to suppliers of higher-quality iron-ore and coking coal as consumption of the alloy keeps growing well into the next decade. Steel mills are likely to retain about two-thirds of... 

S African foundry aims to expand footprint in North America 

By: Donald Makhafola     11th April 2018 The capacity of some aspects of the smelting industry in North America, such as the steel sector, has significantly deteriorated in the past 25 years, as a result of Chinese companies dominating the market and supplying cheaper products, says South Africa-based foundry and engineering company... 

South Africa makes formal request for exclusion from US metals tariffs 

By: Terence Creamer     23rd March 2018 Trade and Industry Minister Dr Rob Davies has made a formal submission to the US requesting the exclusion of South Africa from the imposition of duties on steel and aluminium products. A provision allowing for country-based exclusions from a 25% increase in the steel tariff and a 10% duty on... 

Resources Watch  

22nd March 2018 This week: Coal, rapid loadout projects under construction; Exxaro declares innovation an imperative; And, South African foundry aims to expand footprint in North America 

China's Hebei aims to cut iron, steel making capacity by 20Mt in 2018

By: Reuters     8th March 2018 China's top steelmaking province of Hebei will aim to slash iron and steel making production capacity by more than 10-million tonnes each and shut down all "zombie" mills this year, the province's vice governor said on Thursday. Yuan Tongli, speaking on the sidelines of China's parliament, said... 

Development programme encourages economic growth

By: Paige Müller     2nd March 2018 To date, steel service centre and distributor Macsteel’s Usizo development programme has assisted in creating 175 new jobs in the steel sector. The programme was first initiated by Macsteel in May 2015 to assist small, medium-sized and microenterprises (SMMEs) in the steel industry by... 

Billionaire Lundin chases base-metal buy of up to $3bn

By: Bloomberg     1st March 2018 Sweden’s billionaire Lundin family is looking to spend as much as $3-billion on a new industrial-metal asset as prices rally, before turning its attention to scouring for a new gold project. Lundin Mining is on the prowl for a long-life zinc, nickel or copper asset and would shell out $1-billion... 

Fluctuating primary pricing threatens the mettle of South Africa’s steel industry

26th February 2018 At present, companies in the local steel industry are finding the market very challenging. According to industry sources, much of this can be attributed to the extreme volatility of the primary pricing. “This level of volatility poses an enormous and very urgent challenge to the entire sector,”... 

Resources Watch  

22nd February 2018 Gold Fields going all out to put South Deep gold mine into black And, South African foundry aims to expand footprint in North America 

China urges US to rein in 'trade remedy measures' for steel

By: Reuters     13th February 2018 China has expressed concerns over excessive protectionism in the steel sector by the United States, and urged it to show restraint in using trade remedy measures, an official with Chinese Ministry of Commerce (Mofcom) said on Tuesday. Wang Hejun, the head of Mofcom's Trade Remedy and... 

Copper inventories surge most in ten months, sending prices lower

By: Bloomberg     23rd January 2018 Copper slumped to a one-month low as a large delivery of metal into exchange warehouses in Asia refocused attention on demand during a seasonally weak period for industrial activity in China. 

China govt curbs drop avg daily steel output to 12-mth low in Dec

By: Reuters     18th January 2018 China's average daily steel output fell 1.9% in December from the previous month, official data showed on Thursday, touching the lowest level in a year as government-imposed production curbs deepened. Total output climbed to 67.05-million tonnes in December from 66.15-million tonnes in November,... 

Allied Steelrode supports the ‘sisters of steel’ in serving the Pretoria region

11th January 2018 The steel business has always been perceived as a male preserve. However, in Rosslyn, north of Pretoria, there are two vibrant women who are challenging this traditionally-held perception on a daily business – literally, the ‘sisters of steel’. Gwen Mahuma and Monika Pretorius are respectively... 

World's No 1 miner sees bigger role for carbon-capture systems

By: Bloomberg     7th December 2017 BHP Billiton, the world’s biggest mining company, said wider use of systems that trap carbon emissions will be needed to meet international climate goals, even as investments in the technology stall. “We have knowledge of geology, markets and economics, so there’s probably something we can bring... 

Iron-ore enters bull market as China's curbs supercharge steel

By: Bloomberg     4th December 2017 Iron-ore has rallied back into a bull market. Prices are surging as China’s crackdown on steel output this winter runs down inventories, helping mills’ profitability and stoking demand for high-grade ore even as investors discount signs of ample supply. Spot ore with 62% iron content jumped 3.7%... 

Coal India considers price hike to offset wage, salary increases

By: Ajoy K Das     29th November 2017 Coal India Limited (CIL) is mulling the option of increasing its coal prices across all grades to offset the impact of a hefty wage increase agreement signed with trade unions and the imminent hike in salaries of executives. Sources have pointed out that the salaries and wages bill provisions for... 

Steelmaking commodities, thermal coal prices to buoy Australian export earnings

By: Esmarie Iannucci     6th October 2017 The Australian government is forecasting record resources and energy exports in 2017/18, but says exports will decline in 2018/19. The Industry, Innovation and Science department forecasts resources and energy exports of A$211-billion in the current financial year and exports of A$201-billion... 

Zinc darling Trevali poised for further organic, M&A growth as prices climb

By: Henry Lazenby     22nd September 2017 Following the recent $400-million acquisition of a portfolio of zinc assets from mining major Glencore, Vancouver-headquartered Trevali Mining has become the go-to investment vehicle for investors keen to get in on rising zinc prices. Supported by strong fundamentals, including a growing supply... 

Iron-ore sinks as 'peak steel' call, supply angst rattle market

By: Bloomberg     20th September 2017 Iron-ore has been dragged back into the $60s after getting hit by a barrage of bad news, with persistent concern about rising global supply, fresh questions about the outlook for demand in China, and a warning from Australia’s central bank that the top buyer may be nearing peak steel. The... 

Industrial base growth will stimulate province’s steel industry

18th August 2017 Growing the Eastern Cape industrial base will assist in stimulating growth in the struggling steel industry, says the Industrial Development Corporation (IDC). 

Solidarity warns of ‘major impact’ should AMSA proceed with job cuts

By: Terence Creamer     16th August 2017 Trade union Solidarity has confirmed receipt of a Section 189A retrenchment notice from steel producer ArcelorMittal South Africa (AMSA) and has indicated that it will enter negotiations with the company to ensure alternatives to retrenchments are considered. On Tuesday, AMSA announced that it... 

Australia forecasts lower resource earnings as commodity demand is seen slowing

By: Esmarie Iannucci     7th July 2017 Iron-ore and metallurgical price increases, which gave Australia’s resource and energy export earnings a 25% lift in 2016/17, are unlikely to last, resulting in the Office of the Chief Economist forecasting lower export earnings for the next two years. Resource and energy export earnings are... 

Domestic steel demand forecast to grow despite industry challenges

7th July 2017 While domestic demand for steel and steel products is expected to grow by 1.2%, forecasts South African trade union Solidarity deputy general secretary Marius Croucamp, he adds that the steel industry is facing serious challenges, both at a primary steel producing level and in the downstream... 

Steel Ministry seeks 12 coal washeries from Coal India

By: Ajoy K Das     30th June 2017 At the behest of India’s Steel Ministry, Coal India Limited (CIL) has agreed to set up 12 coking coal washeries to augment supplies to domestic steel mills. In view of the new National Steel Policy, which envisages ramping up India’s steel production to 300-million tons a year by 2030, the Steel... 

DTI to implement policy interventions to curb poultry industry losses

By: Megan van Wyngaardt     28th June 2017 Rather than make findings on the current state of the poultry industry and the ongoing challenges it faces owing to the dumping of imported chicken products, the Department of Trade and Industry (DTI), together with the government-led Poultry Task Team, which was established in January, would... 

Steel industry needs to pull together to fight import risks 

By: Anine Kilian     14th June 2017 In light of the recently implemented safeguard duty on hot-rolled steel, continued collaboration among stakeholders is necessary to protect the steel industry against the influx of steel imports, said consulting firm XA International Trade Advisors director Donald Mackay on Tuesday. Speaking at a... 

Protection and recovery in infrastructure spend to determine fate of revived Highveld mill

By: Terence Creamer     6th June 2017 The newly reopened heavy structural mill (HSM) at Highveld Steel, in Mpumalanga, is expected to ramp up to its 18 000 t/m nameplate capacity over the coming few months, having produced 4 100 t since its initial restart in April. However, both Highveld and ArcelorMittal South Africa (AMSA), which... 

Steel industry to discuss import challenges at June workshop

By: Anine Kilian     2nd June 2017 Consulting firm XA International Trade Advisors will, on June 14, host a workshop for domestic steel industry participants to meet and discuss possible solutions to the threat posed by rising steel imports. The workshop will look at the trend of increased global protection in the steel industry... 

Davies promises support for downstream firms as he confirms steel safeguard duty  

By: Terence Creamer     8th May 2017 Trade and Industry Minister Dr Rob Davies confirmed on Monday that he had signed off on a hot-rolled coil (HRC) safeguard duty, but refused to be drawn on the duty level proposed until the Word Trade Organisation (WTO) had been notified. Speaking in Johannesburg at the release of the ninth... 

BMI forecasts change in commodity demand up to 2050

By: Anine Kilian     7th April 2017 Structural macroeconomic and industry shifts will contribute to changing demand patterns for various commodities over the coming decades, says research firm BMI. “We believe demand for commodities such as coal, iron-ore, steel and fertilisers will slow over the years to 2050, while demand for... 

Global steel market to fall into deficit by 2020 – BMI

By: Anine Kilian     6th April 2017 The global steel market will tighten in coming years and eventually go into a deficit in 2020, says research firm BMI.  Despite the slowing in both global production and consumption growth, larger increases in absolute consumption, compared with production, will lead to a tightening of the market. 

India to announce iron-ore pricing mechanism next month

By: Ajoy K Das     28th March 2017 A committee appointed by the Indian government will submit its report of recommendations on a domestic pricing mechanism for iron-ore next month, raising the specter that the free pricing regime for natural resources might be coming to an end, or could face limitations. A Steel Ministry official... 

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