From the foundations to the rooftops of our cities, our steel supports and strengthens our nation.
From the foundations to the rooftops of our cities, our steel supports and strengthens our nation.
Bloomberg reported that South African state lender Industrial Development Corp is in talks with potential partners on proposals to build a steel plant to compete with ArcelorMittal South Africa Ltd and Evraz Highveld Steel and Vanadium Ltd.
Mr Dave Cousins IDC executive for mining and beneficiation in a Cape Town conference, without naming the parties involved in the talks, told that the project would have capacity of 2.5 million tonnes a year and use technology to cut output costs.
He said “We have a solution, and we are engaging with partners.”
He added “There is room for additional steel capacity.”
The IDC estimates South African capacity of 9.3 million tonnes a year compared with consumption of 5.4 million tonnes
Bloomberg reported that South African state lender Industrial Development Corp is in talks with potential partners on proposals to build a steel plant to compete with ArcelorMittal South Africa Ltd and Evraz Highveld Steel and Vanadium Ltd.
Mr Dave Cousins IDC executive for mining and beneficiation in a Cape Town conference, without naming the parties involved in the talks, told that the project would have capacity of 2.5 million tonnes a year and use technology to cut output costs.
He said “We have a solution, and we are engaging with partners.”
He added “There is room for additional steel capacity.”
The IDC estimates South African capacity of 9.3 million tonnes a year compared with consumption of 5.4 million tonnes
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