The International Stainless Steel Forum (ISSF) has released figures for the first three months of 2017 showing that stainless steel melt shop production increased by 14.5% year–on–year to 11.8 million metric tons.
Responding to the National Union of Metalworkers of South Africa’s (Numsa’s) alleged intention to take industrial action to “shut down” the country’s engineering sector, the South African Engineers and Founders Association (Saefa) feels that the trade union has no desire to avoid strike action, despite the significant financial repercussions it will have on the industry.
The National Union of Metalworkers of South Africa (Numsa) on Tuesday slammed “intransigent” employers in the engineering sector and warned of a “total shutdown” in the industry.
The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has described suggestions that it is only representing the interests of large employers in the metals and engineering sector as malicious “propaganda”, arguing that it “fights hard” to represent both small and big companies.
The National Union of Metalworkers of South Africa (Numsa) on Friday warned of an imminent strike in the local metals and engineering sector, after the latest round of negotiations reached a deadlock on Thursday.
Imports of finished stainless steel products into South Africa surged by 44% in 2016, a survey by Southern African Stainless SteelDevelopment Association (sassda) has revealed.
This was largely owing to a flood of imported product, primarily from China. In comparison, the export of finished products dropped by 20%.
The Musina Intermodal Terminal (MIT), launched on Monday, is set to reduce the cost of cross-border trade, especially for bulk commodities, on the North-South trade corridor.
The terminal, about 3 km outside Musina and about 13 km from the Beitbridge border post, will serve to move commodities, including coal, copper, nickel and chrome, as well as citrus, maize and tomatoes, from road to rail, and vice versa.
SA’s steel production fell by 3.5% year on year in May to 561,000 tonnes, according to the World Steel Association.
Steel production is an important indicator of a country’s economic health, so that SA’s fell by only 0.8% in the first five months of 2017, after a 4.2% drop last year, is good news. It means overall economic growth should be above last year’s 0.3% increase. SA, however, lags global growth as global steel production increased by 4.7% in first five months of the year.
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.
At the recent International Stainless Steel Forum’s (ISFF) conference in Tokyo, stainless steel associations and producers from around the world were invited to enter the ISSF-21 Awards on behalf of their members and customers.
Sassda entered all the winners of its 2017 Stainless SteelAwards competition. Sassda was awarded Bronze for Best New Technology on behalf of Hydra Arc for its 3CR12 WaterTanks that have replaced concrete tanks, manufactured in Secunda, Mpumlanga.
The National Union of Metalworkers of South Africa (Numsa) has said it would demand a 15% wage increase across the board as wage talks in the metal and engineering sector begin on Wednesday.
Economic Development Minister Ebrahim Patel released details on Thursday of a new R1.5-billion incentive for downstream steel manufacturers, which would be implemented from June 1.
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.
Relatively high prices for stainless steel products across the globe in the first quarter of 2017 are unlikely to be sustained in the second quarter, as high stock levels and modest demand create problems for producers in the Asian, European and North American markets.
Brussels 07 March 2017 – We have released interim figures for 2016 showing that stainless steel melt shop production increased by 10.2% year–to–date.
Stainless and heat-resisting melt shop steel production [000 metric tons]
Southern Africa Stainless SteelDevelopment Association (Sassda) has launched a competition to promote its life cycle costing (LCC) app, which was developed in 2016 to boost the use of stainless steel in the local market.
First of all, the report (2017 Stainless Steel Tube Market) provides a basic overview of the Stainless Steel Tube industry 2017 including – definitions, classifications, Stainless Steel Tube market by applications and Stainless Steel Tube industry chain structure.
The analysts forecast the global stainless steel market to grow at a CAGR of 5.65% during the period 2016-2020.
Global stainless and heat-resisting melt shop steel production gained 7 percent year-on-year to 33.6 million metric tons during the first nine months of this year, as per the latest figures released by the International Stainless Steel Forum (ISSF).
Domestic stainless steel prices in China moved lower during the past week as demand weakened.
Stainless steel melt shop production in the first nine months of 2016 rose 7% year on year to 33.585 million mt, figures from the International Stainless Steel Forum showed Tuesday.
Predictions that 2016 would be another tough year for the stainless steel industry may be less accurate than originally thought. This after the last three Southern Africa Stainless Steel Development Association (SASSDA) Short Track Surveys revealed an overall average improvement in market statistics.
A sassda facilitated visit by one of its members, Kenyan-based stainless steel fabricator Desbro Engineering to a number of South African counterparts has resulted in a training partnership between the South African Institute of Welding as part of a joint initiative to boost the skills base within the Kenyan stainless steel sector.
Thirty-eight per cent of the 89 Sassdamembers who participated in the Southern African Stainless Steel Development Association’s (Sassda’s) Short Track survey for October indicated a positive response to the current order situation.
Imports of cold-rolled steel products, particularly from China, are hurting South African producers, initial findings from a local trade agency showed on Monday, potentially paving the way for additional import duties.
MEPS predicts that world crude stainless steel output will reach an all-time high of 43.3 million tonnes in calendar year 2016. This would represent a 4.2 percent increase on the previous record figure, set last year. MEPS expects further growth in global production in 2017. A new peak volume of 45 million tonnes is forecast for next year.