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Industry News

Industry News
Keep up to date with our company specials and latest news here.
Industry News
Keep up to date with our company specials and latest news here.
Industry News
Keep up to date with our company specials and latest news here.
Eskom tariffs in AMSA’s action plan crosshairs as losses spike
Steel producer ArcelorMittal South Africa (AMSA) will approach the National Energy Regulator of South Africa (Nersa) directly with a request for discounted electricity tariffs as part of a multi-pronged business sustainability action plan unveiled after the JSE-listed group slumped to a R1.6-billion headline loss in the six months to June 30. ...Read More
Davies promises support for downstream firms as he confirms steel safeguard duty
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. ...Read More
New duties on steel products indicative of South Africa’s ‘value-chain’ approach to protection
The International Trade Administration Commission of South Africa (Itac) confirms that it has recommended increased protection on several downstream steel products and that it is also considering recommending duties on a range of other value-added steel products in future. ...Read More
The Last Word On ClearVu?
There's certainly been a great deal of litigation around the trade mark ClearVu in South Africa – passing-off proceedings before the High Court, an appeal from that judgment to the Supreme Court of Appeal, and proceedings before the Advertising Standards Authority ("ASA"). Now there's another judgment, one that deals with an opposition to a trade mark application for ClearVu. ...Read More
AMSA announces steel price increase from December 1
Steel producer ArcelorMittal South Africa (AMSA) announced on Tuesday that it would be increasing prices on flat- and long-steel products from December 1 – a move it attributed to market movements, rising input costs and the need to staunch losses at its Vanderbijlpark Works. ...Read More
Arcelor delighted new pricing principles suit steel industry
ArcelorMittal SA's new CEO, Wim de Klerk, says the company's new pricing policy for sales of flat steel products, agreed with the government, does not have precedent elsewhere in the world. ...Read More
Serious questions being asked about composition of ‘fair’ steel price basket
South African steel consumers are raising serious concerns about the composition of the steel-price basket being proposed by ArcelorMittal South Africa (AMSA) as a mechanism for regulating domestic flat-steel prices and are seeking urgent talks with government to air their anxieties ahead of any deal on the so-called “fair pricing” methodology. ...Read More
AMSA insists fair pricing does not equate to no price increases
Steel producer ArcelorMittal South Africa (AMSA) dismissed suggestions again on Wednesday that its deal with government to raise steel import protection in return for fairer pricing – as well as jobs and investment guarantees – precluded it from increasing prices. ...Read More
AMSA insists further protection still required despite recent price increases
Safeguard duties, in addition to the 10% protection already introduced on a range of steel products entering South Africa, “remain critical in the short term to ensure the future sustainability of primary steel production”, ArcelorMittal South Africa (AMSA) said on Friday. ...Read More
Patel confirms 10% protection for two more steel products
Economic Development Minister Ebrahim Patel announced on Thursday that the International Trade Administration Commission of South Africa (Itac) had recommended the imposition of a tariff duty of 10% on two additional steel products – hot rolled coil (HRC) and certain steel bars and rods. ...Read More
Govt committed to securing future of South African steel sector – Davies
Government will pull out all the stops to ensure the sustainability of the local steel manufacturing sector, Trade and Industry Minister Dr Rob Davies stressed on Wednesday. ...Read More
AMSA insists market changes, not protection behind April steel hikes
Steel producer ArcelorMittal South Africa (AMSA) informed its customers this week that it would be increasing prices on a range of steel products by up to 11% from April 1, but the JSE-listed group insisted that the hikes had nothing to do with recent increases in tariff protection from 0% to 10% on various grades. ...Read More
AMSA’s R1.5bn competition settlement part of bigger image makeover to win steel protection
Steel producer ArcelorMittal South Africa (AMSA) has made a R1.5-billion proposal to the Competition Commission to settle all outstanding matters against the company – if approved, it would be the largest competition-related fine ever paid by a single South African entity. ...Read More
With steel protection set to widen, focus turns to downstream risk
With confirmation that government and the steel industry are close to finalising a package of measures designed to preserve the future of the embattled primary steel sector, there are concerns that domestic steel consuming industries could be squeezed between tariff-protected domestic steel prices and sustained import competition. ...Read More
Evraz Highveld creditors vote in favour of rescue plan
Evraz Highveld Steel and Vanadium (Highveld) creditors on Tuesday voted in favour of a business rescue plan, which includes a buy-out offer from International Resources Limited (IRL), of Hong Kong, China. ...Read More
STEEL STRESS
The South African steel industry is under major stress, with mills having already been shut and further plant closures on the cards. ...Read More
Govt, business, labour in rare show of unity amid threat of steel jobs ‘bloodbath’  It is our prefer
In a rare show of collective force, labour and business in the steel sector appear to have successfully lobbied government to back efforts to raise protection for the embattled sector ...Read More
NJR Steel-Glencoe NEW CASH SHOP OPENING SPECIALS
NJR Steel-Glencoe is excited to announce the launch of our cash & carry steel service, and our newly renovated retail shop, fully stocked with steel related paint and hardware products offering our customers a fast and friendly shopping experience. ...Read More
NJR Steel-fencing launches the De-Fence range of products
NJR Steel-fencing (Pty) Ltd is proud to introduce the De-Fence range of fencing solutions now offering the market “the new alternative” when specifying or selecting security fencing products and services specifically designed to meet all levels of security. ...Read More
Guinness World Record Tunnel of Fire Sponsorship
NJR Steel Westdene (Pty) Ltd was one of the sponsors of the recent Guinness World Record achieved by Enrico Schoeman and Andre De Kock when the rode their Australian Sidecar through a 120.4 meter “Tunnel of Fire”. ...Read More
IDC confirms $4.5bn, two-phase Limpopo steel mill investment
The detailed feasibility study into a $4.5-billion, two-phase steel project planned for development by the Hebei Iron and Steel Group, of China, and South Africa’s Industrial Development Corporation (IDC) should be completed in the first quarter of 2015, IDC CEO Geoffrey Qhena reported on Thursday. ...Read More
South Africa to put pressure on ArcelorMittal, Sasol to lower prices
South Africa will put pressure on steel producer ArcelorMittal SA and petrochemicals firm Sasol to reduce prices and help cut input costs in the steel, platinum and polymer industries by up to 15%, a government minister said. ...Read More
Inaccurate coding distorts structural steelwork imports
Imported fabricated structural steel is a significant challenge for local fabricators, owing to the quantity and price at which it is imported, says industry body for the promotion of the steel construction industry in Southern Africa the Southern African Institute of Steel Construction (Saisc). ...Read More
Sale of majority stake in Evraz Highveld still uncertain
JSE-listed steel group Evraz Highveld Steel & Vanadium has renewed its cautionary announcement, advising shareholders in a statement on Wednesday that negotiations with potential purchasers of a majority stake in the South African company remained incomplete, ...Read More
AMSA swings into profit, but expects SA market to remain subdued
Africa’s largest steel producer ArcelorMittal South Africa (AMSA) partially shrugged off weak domestic market conditions in the first quarter to March 31, 2014, to report a sharp turnaround in headline earnings of R323-million, from a loss of R270-million in the fire-afflicted corresponding period in 2013. ...Read More
Mining strike aggravates already weak SA steel market – AMSA
South Africa’s largest steel producer ArcelorMittal South Africa (AMSA) does not expect South Africa’s weak domestic steel market to show any sign of recovery until after June, and has warned that the protracted platinum industry strike is exacerbating already weak trading conditions across the key steel-consuming sectors of mining, manufacturing and construction. ...Read More
AMSA offers supply assurances ahead of four-month Newcastle reline
Steel producer ArcelorMittal South Africa (AMSA) says it is building substantial metal stocks ahead of the planned four-month shutdown of its Newcastle mill, in KwaZulu-Natal, which is being prepared for a R1.6-billion blast-furnace reline – the JSE-listed group’s single largest capital project in six years. ...Read More
SA bucks global steel trend, ups 2013 steel production by 4.1%
South Africa lifted its overall steel production by 4.1% in 2013, increasing output from 6.9-million tons in 2012 to 7.2-million tons, making it the twenty-first largest steel producing country in the world. ...Read More
ArcelorMittal SA announces supply agreement with Sishen Iron Ore
ArcelorMittal announced that its 51% subsidiary, ArcelorMittal South Africa, has reached an agreement with Sishen Iron Ore Company Ltd a subsidiary of Kumba, relating to the long-term supply of iron ore. ...Read More
South African state lender seeks energy supplies for steel mill
Carpenter Technology Corporation said that it had laid off 43 workers and cut 12 unfilled positions across its worldwide footprint. ...Read More
AMSA moves to recapture market share lost to imports and a fire
South Africa’s largest steel producer ArcelorMittal South Africa (AMSA) recorded a second-quarter recovery, following a dismal fire-afflicted first quarter. Nevertheless, it still slumped to a R123-million headline loss for the first half of the year to June 30, 2013. ...Read More
ArcelorMittal South Africa report interim results Q2 2013
ArcelorMittal South Africa reported a headline loss of ZAR 123 million compared to headline earnings of ZAR 106 million for the half year ended 30th June 2012. ...Read More
Creamer Media publishes Steel 2013: A review of South Africa’s steel industry electronic report
The global steel industry experienced a challenging year in 2012, with the World Steel Association, which represents steelmakers in 62 countries, reporting that apparent steel consumption increased only 1.7% in 2012, a sharp drop from the 7.4% growth in 2011, owing to the European debt crisis, which impacted negatively on infrastructure and construction spending ...Read More
SA steel output down in May, global production up 2.6%
South Africa’s steel production fell by 7.6% year-on-year in May, according to data released by the World Steel Association (worldsteel) on Thursday. ...Read More
ArcelorMittal SA to supply 120000 tonnes of rebars to hydro projects in Zambia
ArcelorMittal South Africa is supplying its client, China's Sinohydro Corporation, with reinforcing steel from its Newcastle plant for a number of hydro-electrical projects across Zambia. ...Read More
ArcelorMittal SA facing challenging 2013
ArcellorMittal SA will on Friday release its first-quarter results in what appears to have been another challenging quarter for South Africa’s biggest steel producer, following a fire at its Vanderbijlpark facility earlier this year that damaged steel making facilities. ...Read More
South African steel production down
According to world steel association data, South African steel production fell by 12.5% YoY in March to an estimated 570‚000 tonne after plunging by 16.6% YoY in February to 515‚000 tonne. ...Read More
SCA ruling moves Mittal, Kumba dispute a step closer to resolution
The long-running iron-ore dispute between ArcelorMittal South Africa (Mittal) and Kumba Iron Ore took a step towards resolution on Thursday, when the Supreme Court of Appeal (SCA) dismissed an appeal by Imperial Crown Trading 289 (ICT) and the Department of Mineral Resources (DMR) against a 2011 North Gauteng High Court ruling on the status of mineral rights at the Sishen mine, in the Northern Cape. ...Read More
Evraz moves to sell SA steel unit to BEE group for $320m
International steel group Evraz has announced plans to sell 85% of South African steel and vanadium producer Evraz Highveld to a black economic-empowerment (BEE) consortium for $320-million – the transaction would be the largest BEE deal in the South African steel sector. ...Read More
Cisco buyer’s identity not disclosed as M&R closes steel chapter
Construction and engineering group Murray & Roberts (M&R) has confirmed that it has disposed of the Cape Town Iron and Steel Works (Cisco), in Kuilsrivier, in the Western Cape, for an undisclosed fee. ...Read More
Murray & Roberts reaches an agreement in principle to sell Cisco
Murray & Roberts (M&R) has reached an agreement in principle with a prospective buyer for its Western Cape steel operations, Cape Town Iron and Steel Works, trading as Cisco. ...Read More
South African IDC in talks for partners for new steel plant
South African IDC in talks for partners for new steel plant ...Read More
Steel producers up rebate to value-adding exporters by 28.2%
The South African Iron and Steel Institute (Saisi) reported on Wednesday that its assistance to value-added steel exporters had been increased by 28.2%, from R135/t to R173/t. ...Read More
Highveld Steel may retrench workers
SE-listed Evraz Highveld Steel on Wednesday said it was moving forward with its comprehensive cost reduction plan, which included labour restructuring. ...Read More
RMS, Vulcania fined in mesh wire cartel
The Competition Tribunal has ordered Reinforcing Mesh Solutions (RMS) and Vulcania Reinforcing to pay penalties of R21.6-million and R5.6-million respectively for price-fixing and customer allocation. ...Read More
ArcelorMittal sees 2012 steel use up 4 to 4.5
May 8 (Reuters) - ArcelorMittal, the world’s largest steelmaker, sees global steel consumption growing by between 4 and 4.5 percent, with a decline in steel use in Europe and a surge in North America, its chief executive said on Tuesday. ...Read More
Kumba to be charged in rights dispute
Pretoria - The government will lay criminal charges against Kumba Iron Ore [JSE:KIO] over its application for a mining right over the company’s Sishen mine it did not yet own, a lawyer for the department of minerals resources said on Wednesday. ...Read More
ArcelorMittal furnace out of action
Johannesburg - ArcelorMittal SA [JSE:ACL], a unit of the world’s top steelmaker, said on Wednesday that a furnace at its Newcastle plant had failed and would be out of service for the next two months. ...Read More
Zim in R21bn steel deal with India
Afripalm Resources signed a memorandum of understanding with Steel Authority of India to build a steel mill in South Africa, the Business Day reported on Wednesday. ...Read More
Govt seeks discount ore deal for steel firms
GOVERNMENT said on Thursday it will seek a deal with domestic steel and iron industries allowing steel firms to source iron ore from Kumba Iron Ore at a discount, subject to a steel pricing agreement. ...Read More
World steel output rose in October, despite China pullback
Crude steel production for the 66 countries reporting to the World Steel Association rose 2,4% in October to 118-million tons when compared with the same month in 2009. However, Chinese output fell by 3,8% year-on-year to 50,3-million tons. ...Read More
Anglo sells steel units to Australia’s OneSteel for $932m
The two businesses, which are part of Anglo’s Scaw Metals, make steel balls and rods that are used to grind up copper and gold ore in the huge rotating mills of mining plants. ...Read More
Evraz Highveld looks to ramp up exports on poor SA outlook, surge in imports
South Africa’s second-largest steel producer Evraz Highveld expects weak domestic demand for steel to continue until the second half of 2011 and warns that this, together with a stronger rand, will mean that the financial position of the company is unlikely to improve in the near term. ...Read More
M&R to sell off steel unit
Johannesburg - Construction group Murray & Roberts Holdings said on Tuesday that it would close or dispose of underperforming units within its steel business within the financial year. ...Read More
Tribunal settles scrap metal dealers
Johannesburg – The Competition Tribunal on Wednesday confirmed the settlement agreements between the Competition Commission and scrap metal dealers. ...Read More
S.Africa mine union suspends planned JIC strike
JOHANNESBURG - South Africa’s National Union of Mineworkers has suspended a planned strike at JIC Mining Services, which provides mining companies with drilling and blasting services, after a new wage offer from the company. ...Read More
State mining company is govt’s prerogative - Cynthia Carroll
JOHANNESBURG - The creation of a State mining company is the prerogative of the South African government, Anglo American CEO Cynthia Carroll said in Johannesburg on Wednesday night. ...Read More
ANC rejects calls on mines
Durban - The ruling African National Congress has rejected calls from its governing alliance partners to weaken the rand or nationalise mines, a top official said on Tuesday at the ANC’s national general council (NGC) meeting. ...Read More
Iron-ore fines beneficiation plant to be built in SA following Severstal deal Iron-ore fines
A 50 000 t/y facility to convert iron-ore fines into metallic briquettes for use as a scrap supplement in electric steelmaking, will be developed in Phalaborwa, in South Africa’s Limpopo province, following a $17-million transaction unveiled on Friday. ...Read More
South Africa Targets Sasol and ArcelorMittal in Cartel Push
Bloomberg reported South Africa is stepping up efforts to fight an unexpected legacy of apartheid cartels in industries from supermarkets to steel that push up prices, deter investment and damp competition. ...Read More
Global steel capacity utilisation ratio fell in July
Global crude steel output for the 64 countries reporting to the World Steel Association (worldsteel) was 127-million tons in July, or 11.5% higher than July 2010, and more or less in line with the 128-million tons produced in June. ...Read More
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