Industry News

MAY 2017

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.

APRIL 2017

South Africa plans emergency steel tariff from July – WTO

South Africa is proposing to put emergency “safeguard” tariffs on imports of certain flat hot-rolled steel products from July, it said in a filing published by the World Trade Organisation (WTO) on Thursday.

GLOBAL STAINLESS WRAP: Mills see prices erode after mid-Q1 high

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.

MARCH 2017

Stainless Steel Production Increases by 10.2 percent 

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]

Sassda launches competition to promote life cycle costing app

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.

JANUARY 2017

GLOBAL STAINLESS STEEL TUBE MARKET 2017

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.

Stainless Steel Global Market 2017 Share,Trend,Segmentation And Consumption Forecast To 2021

The analysts forecast the global stainless steel market to grow at a CAGR of 5.65% during the period 2016-2020.

DECEMBER 2016

Global Stainless Steel output hits 33.6 MMT during Jan-Sept

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).

China’s stainless steel prices drop on weak demand

Domestic stainless steel prices in China moved lower during the past week as demand weakened.

Stainless melt shop production up 7% in January-September: ISSF

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.

SASSDA survey lights the way for possible industry upturn

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.

SASSDA Facilitates Cross Border Initiatives With Leading Kenyan Stainless Steel Fabricator

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.

NOVEMBER 2016

Stainless steel industry participants more optimistic about business conditions

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.

Cold-rolled steel imports hurting South Africa’s steel industry – trade group

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.

Global Stainless Steel output likely to hit an all-time high in 2017

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.

OCTOBER 2016

On Thursday 20 October the Sassda Columbus Steel Awards Gala took place at The Indaba Hotel.

This year saw a record 144 entries, up from 43 in 2014. Hydra Arc was proud to be an award finalist for its entry “Design & manufacture of municipal water storage tanks in 3CR12 instead of concrete”.

Sassda Columbus Stainless Steel Awards winners announced

Awarding steel excellence was the order of the evening at this year’s South Africa Stainless Steel Development Association’s (Sassda’s) Columbus Stainless Steel Awards, which took place at the Indaba Hotel on 20 October.

2016 Sassda Columbus Stainless Steel Awards’ world-class winners announced

The 2016 Sassda Columbus Stainless Steel Awards are a clear indication that the local stainless steel sector is home to a wealth of world-class products and skill, with a record 39 world-class winners having been announced

GLOBAL STAINLESS STEEL MARKET 2016 – ACERINOX, APERAM, THYSSEN KRUPP, POHANG IRON & STEEL,  JINDAL STAINLESS

Stainless Steel Market analyzed the Industry region, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry growth rate etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis to 2021

ISSF: Global stainless steel output in H1 2016 surpassed 22 million mt

According to recent statistics published by the International Stainless Steel Forum (ISSF), the global stainless steel production increased 4.10% during the initial six months of 2016, in comparison with the corresponding half yearly period in 2015. The stainless steel melt shop production during the second quarter of the year surged higher by 15% when matched with Q1 2016.

SEPTEMBER 2016

New research to stimulate trade growth in stainless steel sector

Research undertaken by the Southern Africa Stainless Steel Development Association (sassda) and the Steel and Engineering Industries Federation of Southern Africa has provided local stainless steel fabricators insight into growth opportunities in new export markets as well as import substitution within the South African market.

AUGUST 2016

Merafe to increase dividends

Merafe Resources shares remained flat at 88c on the JSE yesterday after the ferrochrome producer released results for the six months ended June 30 in which the company committed to return “free” cash flow to shareholders as dividends or share buy-backs from 2018.

ISSF: stainless steel production on the upswing in early 2016

In the first three months of 2016, global stainless steel melt shop production edged up by 0.4% year on year to 10.26 million tonnes. The total was also 1.1% higher than the 10.152 million tonnes recorded for the final quarter of 2015, according to latest figures from the International Stainless Steel Forum (ISSF).

Multimillion Rand Africa Projects Offer Huge Potential For SA Stainless Steel Supply

Strategic trips by the Southern Africa Stainless SteelDevelopment Association (sassda) to Tanzania, Senegal andMozambique as part of the dti’s Export Marketing and Investment Assistance Scheme (EMIA) have yielded a number of exciting, ‘new market’ opportunities for local companies wishing to ramp up their returns on existing or potential African investments.

JULY 2016

Stainless Steel Prices Are Rising, Make Sure You Have Volumes Covered

The pendulum has been swinging in the direction of the suppliers of flat-rolled stainless steel suppliers for all of this year.

Base prices have increased three times since the beginning of 2016. Stainless buyers have already been paying a steady increase in base prices in the transactional market. By now, most contract stainless buyers are at base prices higher than their prior contract period. Master distributors are extracting premiums as metal buyers scramble to fill in any gaps in their supply chains. Another base price increase is expected to be announced after the September anti-dumping duty determination on Chinese cold-rolled, flat stainless steel.

Stainless Steel Market Size to Reach $127.19 Billion by 2024: Grand View Research, Inc.

The global stainless steel market is expected to reach USD 127.19 billion by 2024, according to a new report by Grand View Research, Inc. Stainless steel finds wide application in various end-use industries including building & construction, transportation, industrial machinery, household appliances, metal goods, and electronics owing to inherent characteristics such as durability, high tensile strength, and resistance.

Stainless steel in municipal applications has potential to save SA millions in water costs

Market developments in the international stainless steelindustry have revealed the high value potential of usingstainless steel piping in the service delivery of municipalwater that can potentially save millions of Rands lost in leakage and filtration costs as well as see a reduction in the usage of water per capita.

Nickel price swings wildly as it records a nine-month peak

The price of nickel swung wildly on Tuesday, rising to its highest level in nine months on worries about possible mines closures in the Philippines before it was hit by flurry of profit-taking and fell by more than 3 per cent.

JUNE 2016

DeLorean Motor Company Says New ‘Back To The Future’ Cars Are Coming In May 2017

Back to the Future fans, rejoice! The DeLorean Motor Company is reportedly pushing ahead with its plans to revive the iconic car, best known in the 1980s sci-fi film franchise.

The company has recently released new details about the improvements to be made to the car prior to the start of production in April or May of 2017.

MAY 2016

ISSF announces winners of 2016 Sustainability and Safety Awards

The International Stainless Steel Forum (ISSF) has announced the winners of the 2016 Sustainability and Safety Awards. The winner of the Sustainability award is Outokumpu, whereas North American Stainless was selected as the winner of the prestigious Safety award for 2016. The awards were announced during the ISSF Annual Conference being held in Finlandia Hall, Helsinki from May 23rd to May 27th.

BMW rolls out new solar carports in South Africa

German automaker BMW has unveiled its new solar carports in South Africa, which it will begin rolling out in July.

DTI urged to consult widely on new rail, agroprocessing incentives

Trade and Industry Minister Dr Rob Davies reaffirmed on Tuesday that government planned to pursue an increasing number of sector-specific incentive schemes, with an initial focus on the creation of new incentives for the agroprocessing and railways industries.

Global Stainless Steel Production Falls In 2015 – Recovery Expected This Year

Worldwide crude stainless steel production in 2015 totalled just over 41.5 million tonnes. This represents a decrease of 0.3 percent, compared with the peak figure, achieved in the previous year. MEPS predicts that global output will grow by around 1.1 percent, in 2016, to reach a new all-time high mark of 42 million tonnes.

APRIL 2016

ISSF: stainless production dipped in 2015

Global stainless steel melt shop production edged 0.3% lower last year to 41.548 million tonnes, according to the International Stainless Steel Forum (ISSF).

South Africa considering emergency steel tariffs – WTO

South Africa is considering imposing emergency tariffs on some iron and steel imports, it said in a filing to the World Trade Organization published on Monday.

South Africa’s steel industry body requested the temporary trade barrier because a surge in import volumes had caused the industry “serious injury” in the form of lower sales, output, market share and capacity utilisation, the filing said.

MARCH 2016

South Africa feels the effects of an unlevel stainless steel playing field

A recent study sponsored by the Southern Africa Stainless Steel Development Association (SASSDA) and undertaken by Mintek and fourth year students at the University of Pretoria, has revealed that a range of imported Chinese stainless steel pots available at a variety of local retailers, do not conform with SANS 998 and as a result have a significantly lower corrosion resistance than locally made pots.

Nickel Can’t Find a Silver Lining

Nickel, a key ingredient in stainless steel, which slumped to a 13-year low last month and remains well below its prices in 2008 and 2009 despite a partial recovery since then.

FEBRUARY 2016

With steel protection set to widen, focus turns to downstream risks

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.

Eskom tariff rate hikes could be catastrophic for steel industry, warns Seifsa

The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has warned that if State-owned power utility Eskom’s request for a 16% electricity tariff increase was granted, it would leave the steel industry in dire straits.

JANUARY 2016

DeLorean To Crank Out More ‘Back To The Future’ Cars

DeLorean Motor Company, which hasn’t made a car in more than 30 years, plans to build several hundred replicas of the stainless steel, gull-winged car featured in the movie trilogy Back To The Future.

Metals, engineering sector to brace for ‘tough times’

The Steel and Engineering Industries Federation of Southern Africa (Seifsa) on Thursday warned South Africa’s metals and engineering sector to brace for tough times after several forecasts, manufacturing production statistics and purchasing manager’s index (PMI) data showed deteriorating trends.

Weak rand a ‘window of opportunity’ for struggling manufacturers

The recent sharp decline in the rand is yet to filter through to the manufacturing sector, but new Manufacturing Circle executive director Philippa Rodseth is cautiously optimistic that the depreciation will result in increased exports in the coming months.

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