R/€ = 16.88 Change: 0.06
R/$ = 16.35 Change: 0.23
Au 1798.47 $/oz Change: 11.71
Pt 941.50 $/oz Change: -0.50

Press Office - Macsteel


Macsteel has a rich legacy that spans 116 years.  Over this time, we have proudly become Africa's leading manufacturer, merchandiser and distributor of steel and value-added steel products with an extensive product portfolio, stockholding and robust infrastructure.  Our technical competencies and our continuous improvement initiatives have ratified our status as the pre-eminent supplier of steel products on the continent. The foundation of Macsteel now focuses on six primary pillars, with Macsteel Trading incorporating four business divisions under one pillar.  The 6 primary pillars operate through a strategic network of over 40 service centres, branches and warehouses. This enables us to provide customers exceptional levels of personalised services through the entire steel supply chain.


Endeavour Silver outperforms mine plans

By: Mariaan Webb     Updated 4 hours ago Dual-listed Endeavour Silver has raised its 2022 guidance, as the miner continues to outperform its mine plans, delivering an “exceptional” second-quarter production performance that was 15% above plan. The company increased its production outlook to between 7.6-million and 8-million... 

Worst-performing precious metal silver may have seen bottom

By: Bloomberg     9th August 2022 Silver’s been the worst-performer among major precious metals in 2022, but prices may have fallen far enough to spark a modest recovery. The white metal has lost about 11%, weighed down by the stronger US dollar, rising interest rates and slowing growth. But prices could turn higher from later... 

Joburg Water starts replacing outage-prone asbestos pipes

By: Natasha Odendaal     8th August 2022 Joburg Water is implementing an urgent short- to medium-term plan to replace old asbestos cement piping infrastructure with either UPVC or steel pipes in the Central and North of Johannesburg. Last week, Joburg Water technical teams completed an assessment of problematic sections of the network... 

Stewarts & Lloyds takes on a national blanket drive

8th August 2022 Stewarts & Lloyds, has been serving the South African market since 1903 and for close to 120 years has been supplying only the best steel, pipe, roofing, fencing, hardware and irrigation and pumps products. Having grown and expanded to service the market nationally- and now more recently... 

President’s new energy plan opens way for Glencore Alloys to target bigger projects 

By: Martin Creamer     8th August 2022 Glencore Alloys head Japie Fullard has hailed the new energy plan announced by President Cyril Ramaphosa as opening the way for the company to target bigger power projects. “I must say that the President’s energy presentation is definitely something that is appealing to us,” said Fullard, who... 

Indonesia says Tesla strikes $5bn deal to buy nickel products – media

By: Reuters     8th August 2022 US carmaker Tesla has signed contracts worth about $5-billion to buy materials for their batteries from nickel processing companies in Indonesia, a senior cabinet minister told CNBC Indonesia. Southeast Asia's biggest economy has been trying to get Tesla to set up a production facility in the... 

Freight costs to blame for spike in global inflation, not oil – Botha 

By: Irma Venter     5th August 2022 Ever since global inflation started heading north at an alarming rate, much of the conventional wisdom on the causes of this trend has pointed to energy prices, especially gas, oil and petroleum, says Dr Roelof Botha, economic adviser to the Optimum Investment Group. Also, when analysing the... 

Equinox keeps lid on Greenstone costs, appoints new CEO

By: Mariaan Webb     5th August 2022 Canadian miner Equinox Gold is making good construction progress at its Greenstone project, in Ontario, which is now 35% complete and remains on schedule for completion in 2024. Despite inflationary pressures sweeping through the mining industry, Equinox has managed to control costs at the... 

Strategy outlines constructive value of wood

By: Cameron Mackay     5th August 2022 The University of Pretoria (UP) has played a significant part in the Department of Trade, Industry and Competition’s (DTIC’s) Promotion of Timber Construction Steering Committee, which aims to address the promotion of the forest sector’s role in the green economy, states UP senior lecturer Schalk... 

Industrial property faces expansion hurdles

By: Nadine Ramdass     5th August 2022 The local property sector was subjected to a forced slowdown, owing to the Covid-19 pandemic, consequently resulting in tension within the industrial property space as industrial tenants that needed to execute growth plans were waiting to evaluate what the real effects of Covid would be on their... 

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