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Stainless Steel

Metals, engineering sectors to ‘walk the tightrope’ to economic recovery
24th June 2020 By: Simone Liedtke

The road to the metals and engineering (M&E) sector’s post-Covid-19 recovery will be long and will require extraordinary and targeted policies to walk the tightrope towards an economic reboot,... 


AMSA considering large-scale restructuring, jobs to be lost
AMSA considering large-scale restructuring, jobs to be lost
18th June 2020 By: Simone Liedtke

While the full extent of the Covid-19 pandemic still remains uncertain as the economy slowly reopens within government’s risk-adjusted approach to easing lockdown restrictions, JSE-listed steel... 


AFRICAN REACH
Macsteel Exports supplies sub-Saharan Africa with the broadest range of carbon steel, stainless steel, specialty steels, aluminum products and value-added processes to all industry sectors
Covid-19 compounds challenges in Africa
12th June 2020 By: Tracy Hancock

The legislation put in place amid the Covid-19 pandemic is compounding the “exceptionally challenging” business environment already faced by companies when operating in Africa, where each country... 


Pandemic dashes hopes for a domestic steel sector turnaround
Pandemic dashes hopes for a domestic steel sector turnaround
12th June 2020 By: Simone Liedtke

The international Covid-19 outbreak, which has disrupted the South African and the global economy, has thrown another “a spanner in the works” for the already embattled domestic steel sector and... 


Worldsteel says demand will contract by 6.4% this year owing to Covid-19
4th June 2020 By: Simone Liedtke

The World Steel Association (worldsteel) expects global steel demand to contract by 6.4% this year, as a result of the Covid-19 crisis. In its Short Range Outlook (SRO) for 2020 and 2021, released... 


DEMAND FOR DURABILITY The corrosion-resistant properties of stainless steel have assisted in making a Jooste cylinder the cylinder of choice for more than 95% of users in South Africa
R&D on hold to keep doors open
29th May 2020 By: Tracy Hancock

Stainless steel cylinder manufacturer Jooste Cylinder & Pump Company has implemented various measures, such as delaying research and development (R&D) projects, to assist staff as much as possible... 


SIGNIFICANT SUPPLY
Columbus Stainless supplied 250 t of grade 2304 duplex steel for the RioZim steel tank fabrication project being undertaken by Betterect
Local tanks on track for delivery to Zim mine
29th May 2020

Ten large steel tanks for diversified miner RioZim’s Cam and Motor gold mine, in Zimbabwe, are on schedule to be installed by South African stainless steel fabrication and erection specialist... 


SIGNIFICANCE OF SCRAP 
The cost of recycled stainless steel is much less than that of virgin primary alloys
Lockdown further strains stainless steel recycling
29th May 2020 By: Tracy Hancock

Prior to the national lockdown, South Africa’s stainless steel recycling industry was under strain, facing a dramatic drop in available recycling material and increasing input costs, says... 


ADDED STRESS
The national lockdown has compounded the challenges faced by the already stressed stainless steel industry
Expedited change in stainless steel industry expected
29th May 2020 By: Tracy Hancock

The Covid-19 pandemic will have long-term ramifications, including permanent change in the South African stainless steel industry, Southern African Stainless Steel Development Association (Sassda)... 


AMSA welcomes move to Level 3 in nationwide lockdown
25th May 2020 By: Simone Liedtke

Steel company ArcelorMittal South Africa (AMSA) has welcomed the announcement by President Cyril Ramaphosa that the country will be moving to Level 3 in the risk-adjusted approach to the easing of... 


Global steel production down 13% y/y
22nd May 2020 By: Donna Slater

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) decreased by 13% year-on-year to 137.1-million tonnes in April. Africa's output decreased by... 


MIKE BENFIELD 
The construction and steel sectors – including the larger manufacturing industry – are “hand-in-glove”
Pandemic, economic challenges to shape industry direction
22nd May 2020 By: Mamaili Mamaila

Industry trends are likely to take a new direction because of the global Covid-19 pandemic and a severely constrained local economy, says steel and value-added steel products merchandiser and... 


Fitch Solutions expects most metal markets to move into a surplus this year
13th May 2020 By: Simone Liedtke

Most metals markets are expected to move into a surplus this year, says research firm Fitch Solutions, noting that consumption is likely to decrease more than the decreases in production capacity,... 


Organisation calls for govt assistance to ‘reshape’ steel industry post-lockdown
17th April 2020 By: Simone Liedtke

The decision to put South Africa under lockdown as part of its response to Covid-19 “has put further pressure on the steel industry”, says research organisation Trade and Industrial Policy... 


MAKING IT WORK
Metal Tank Industries’ streamlined production processes has helped it become more competitive in terms of costing
Business is booming for supplier
10th April 2020 By: Darren Parker

Stainless steel vessels and tanks supplier Metal Tank Industries has noted a definite market upswing in the past eight months, particularly in the food and beverage sector, as well as in the... 


A location map of Kogi Iron's Nigerian cast steel project.
Kogi Iron sees ongoing interest in Nigeria-based cast steel project
7th April 2020 By: Simone Liedtke

ASX-listed Kogi Iron is seeing ongoing interest from potential new investors in its Agbaja cast steel project, in Nigeria, where Kogi is starting to see global capital flows to the commodity... 


Fitch Solutions says volatility to continue driving metals prices lower
Fitch Solutions says volatility to continue driving metals prices lower
30th March 2020 By: Simone Liedtke

Research agency Fitch Solutions expects volatility to continue playing to the downside for metal prices in the coming weeks owing mainly to bearish investor sentiment on the back of the widespread... 


FULL OF VIGOR 
Stainless steel is one of the youngest industrial materials globally, managing to positively change people’s lives
Stainless steel growth unlikely in 2020
28th February 2020 By: Mamaili Mamaila

The level of activity in the local stainless steel sector’s value chain has dwindled in the past decade, mainly owing to international competition, low steel prices and the slow growth of the local... 


Coronavirus hurts base metals, iron-ore prices
5th February 2020 By: Simone Liedtke

The outbreak and contagion of a new strain of the coronavirus – which began in the Chinese city of Wuhan in December – has contributed to renewed concerns over economic growth prospects,... 


First group of MSI welder trainees graduate
22nd January 2020 By: Yvonne Silaule

More than 20 aspiring welding entrepreneurs have graduated after completing a training course under the Mpumalanga Informal Welders Recruitment Programme, which was organised by the Mpumalanga... 


Iron-ore demand to slow, while seaborne supply rises
21st January 2020 By: Simone Liedtke

Slower demand growth, especially in China, and a decent recovery in seaborne supply is expected to continue to feature prominently in the iron-ore industry this year, says global energy, chemicals,... 


World risks 'disaster' as reuse of natural resources declines
21st January 2020 By: Reuters

The proportion of raw materials the world is reusing has fallen, researchers said on Tuesday, warning of a "global disaster" as annual consumption of natural resources rose to 100-billion tonnes... 


South African chrome firms warn of more than 1 200 job cuts
21st January 2020 By: Reuters

South African chrome firms on Monday warned of more than 1 200 potential job cuts, citing power cuts, rising electricity tariffs and increased competition from overseas. The potential layoffs... 


Glencore, Merafe to retrench Rustenburg Smelter employees
17th January 2020 By: Simone Liedtke

Global miner Glencore Alloys and Merafe Resources have started a Section 189A process. The companies confirmed on Friday that written notice had been given to its employees at its joint venture... 


Seifsa welcomes lower repo rate
17th January 2020 By: Simone Liedtke

The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has welcomed the South African Reserve Bank’s (SARB’s) decision to reduce the repo rate by 25 basis points, thereby... 


Edenville inks two key coal supply contracts
11th December 2019 By: Simone Liedtke

Aim-listed Edenville Energy has signed two new significant contracts to supply washed coal from the company’s flagship Rukwa coal project, in western Tanzania. The two contracts are for the supply... 


Heat exchangers market value to grow by 2026
29th November 2019

The global heat exchangers market accounted for revenue of about $16.62-million in 2018 and is anticipated to generate about $29.31-million by 2026, according to a report published by global market... 


Anglo American joins ResponsibleSteel initiative
25th November 2019 By: Creamer Media Reporter

Diversified miner Anglo American has become a member of ResponsibleSteel, a nonprofit organisation and the steel industry's first global, multi-stakeholder standard and certification programme.... 


HARD JOB
The new cloud-based software makes the design of steel erections, stiffeners and welding associated with the connection easier
Cloud-based software anchors steel construction design
22nd November 2019 By: Halima Frost

Construction industry services and technology provider Hilti South Africa’s new, fully cloud-based steel anchor design software Profis has been well received in the South African construction... 


BREATHING EASY
The powered, air-purifying respirator system not only eliminates welding fumes, but also petrochemical fumes
Welding safety extends to petrochem industry
22nd November 2019 By: Theresa Bhowan-Rajah

Welding fumes are known to be particularly poisonous and a contaminant to the surrounding air, which is why welding solutions provider Unique Welding focuses on advanced welding safety,... 


CRIZETTE VAN DEN BERGH
The modular installation system is beneficial in terms of maintenance because of reduced downtime
Modular installation systems fitted in abattoir
15th November 2019 By: Darren Parker

Multinational construction services company Hilti designed and supplied the modular installation systems to support wet services for chicken producer Early Bird Farms, in Olifantsfontein. Early... 


MSI launches welders' recruitment programme to boost job creation
30th October 2019 By: Yvonne Silaule

The Mpumalanga Stainless Initiative (MSI) and the Small Enterprise Development Agency (Seda) have launched the Mpumalanga Informal Welders Recruitment Programme. MSI CEO Victor Mashego says the... 


IMPORTANT ROLE
The welding of stainless steel can be successfully achieved if the welder adheres to the industry rules and standards
Correct use of consumables makes a good weld
25th October 2019 By: Halima Frost

Branded welding supplier Unique Welding has significantly upgraded its range of stainless steel consumables to improve weld performance to combat a market flooded with low-quality imported... 


SPARKING INTEREST The stainless steel albeit somewhat stagnant offers a few sparks of investment interest
Medium-term investment buoying stainless steel industry
25th October 2019 By: Halima Frost

Despite a marked downturn in the global stainless steel industry, there are a few medium-term developments on the horizon for Southern Africa, notes research institute Afriforesight Commodities... 


HOT TOPIC
The restructuring of Sassda’s membership model aligns each member based on individual needs
New membership structure set for stainless steel sector
25th October 2019 By: Halima Frost

The Southern Africa Stainless Steel Development Association (Sassda) is at a turning point in its history as it gears up for the future with the introduction of a new tiered membership model that... 


RECOIL
The knock-on effects of local supply were seen across the project in costs and time saved
Trio makes for steely supply
25th October 2019 By: Halima Frost

Three of South Africa’s most prominent companies in the stainless steel supply chain are completing a substantial supply to a gold mine in the Southern African Development Community. The project... 


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