World crude steel production was 156-million tonnes in August, which was a 3.4% increase compared with August last year.
South African mining output increased for the first time in nine months in July as coal and iron-ore production surged.
Mining production rose 2.4% from a year earlier compared with a revised 4.1% decline in June, Pretoria-based Statistics South Africa said in a report on its website Thursday. The median estimate of five economists in a Bloomberg survey was for a 1% increase.
South Africa’s gross domestic product (GDP) expanded by 3.1% in the second quarter of the year.
This follows on the 3.1% contraction recorded for the first quarter.
On a year-on-year basis, GDP expanded by 0.9%.
Statistics South Africa head and statistician-general RisengaMaluleke on Tuesday announced that the mining industry had made a significant contribution to GDP growth in the second quarter. The mining industry grew by 14.4% quarter-on-quarter, contributing one percentage point to GDP growth.
Global crude steel production by the 64 countries reporting to the World Steel Association (worldsteel) increased by 1.7% year-on-year to 156.6-million tonnes in July.
The steel industry is suffering a bad headache as benchmark hot-rolled coil prices have fallen 38% from their peak in 2018.
The promoters of a proposed stainless and alloy steels plant in the Eastern Cape believe that the greenfield development could support the creation of new jobs in the domestic mining and steel industries.
Owing to the global economic crisis which started in late 2008, a structural break occurred in the metals and engineering (M&E) sector, which had hitherto recorded the highest production figure of almost 120 index points, says the Steel and Engineering Industries Federation of Southern Africa (Seifsa) chief economist Dr Michael Ade.
Within the next 100 days, the Department of Trade, Industry and Competition intends launching a support programme for new plant and equipment in metal fabrication.
Chicago, 23 May 2019 – The International Stainless Steel Forum (ISSF) has announced the winners of the Gold, Silver and Bronze Awards in the categories New Technology and New Development during their 23rd conference (ISSF-23) which was held Chicago.
Global crude steel production for the first quarter of this year increased by 4.5% year-on-year to 444.1-million tonnes, global industry body, the World Steel Association(worldsteel), said in a statement on Monday.
Global steel demand is expected to increase by 1.3% year-on-year to 1.74-billion tonnes this year, the World Steel Association’s (worldsteel’s) ‘April 2019 Short Range Outlook’ shows.
The demise of State power utility Eskom has caused South Africa to lose its optimal position in the lucrative ferrochrome business.
Because of Eskom’s decline, unbeneficiated chrome ore exports from South Africa to China have enabled the Asian giant to ascend up the ferrochrome production ladder.
HIS drive to offer a solution to the energy crisis that the world is facing is what inspired Arnold Nyendwa to come up with an innovation called the Juvin Stainless Steel Cooking unit.
A cooking unit whose names he coined after his parents Justina and Vincent (Juvin) is able to perform seven functions namely: cooking, baking, frying, drying, roasting and warming, using less fuel such as charcoal.
The metals and engineering sector is set to grow for the third consecutive year in 2019, despite the past year having been generally challenging for both the global and domestic economies.
A key issue for day one of the Mining Indaba is that the industry needs to transform to survive — not just in terms of technology, but also in its relationship with communities.
2019 seems to be the year of an ‘opening up’ of Africa, whether it be opening trade borders or opening key infrastructure projects, all of these key developments have positive implications for the South African stainless steel sector.
The South African stainless steel industry is in an early developmental stage with regards to construction and cladding, despite many architectural projects having been completed over the past few decades, says South African Stainless Steel Development Association (Sassda) Western Cape regional manager Michel Basson.
First Cut’s Bystronic fibre lasers assist National Stainless Steel Centre in the provision of precision, ‘stainless’ service to customers
In challenging economic times, entrepreneurial flair, innovative technology investment and optimising productivity ensure ahead-of-the-curve success. This is very much the case with one of South Africa’s stainless steel precision technology leaders, National Stainless Steel Centre
US automakers and parts suppliers on Thursday warned that President Donald Trump‘s steel and aluminum tariffs and threatened car tariffs would undermine the benefits of the new deal to modernize the North American Free Trade Agreement, causing widespread job losses.
The winners of the 2018 Sassda Columbus Stainless Awards have been announced at a glittering banquet in Fourways, Johannesburg with 189 entries from 53 companies resulting in a stellar list of more than 60 finalists.
The Southern Africa Stainless SteelDevelopment Association (Sassda) Columbus Stainless Awards is testament to the strength and durability of the South African stainless steel industry, says Sassda executive director John Tarboton.
Manufacturer and exporter Desert Wolf plays an instrumental role in projectteamster, which is the new South African National Defence Force (SANDF) project to upgrade the complete field kitchen facilities for the defence force and is currently supplying it with a range of stainless steel diesel field stoves and dieselmodules.
When you refer to arc welding, metal inert gas (MIG), metal active gas(MAG), tungsten inert gas (TIG), plasma cutting, welding gases, abrasives, and consumables, there are companies who have formed strong relationships over the years to provide a total solution to customers.
The South African government said on Tuesday that it will continue to work with the steel industry towards averting job losses in the sector, adding that it has put in place measures to save the steel industry from collapsing.
The stainless steel sector is currently experiencing global trade uncertainty, owing to trade barriers being considered globally, as a result of the US duties on steel and aluminium, says Middelburg-based stainless steelproducer Columbus Stainless CEO Lucien Matthews.
The South African stainless steel sector can benefit from the rise in electric vehicles and the replacement of water pipes, says Southern Africa Stainless Steel Development Association (Sassda) executive director John Tarboton.
South African steel companies need to continue to look for new markets, particularly in Africa, following the recent setback in which the US government decided not to grant South Africa an exemption on steel and aluminum tariffs, says Economic Development Minister Ebrahim Patel.
The biennial Sassda Columbus Stainless Awards will once again take place in 2018. The theme for this year’s Sassda Columbus Stainless Awards is “Celebrating Innovation”.
Department of Trade and Industry (DTI) believes South Africa has become “collateral damage in the trade war of key global economies” after the country was excluded from a list of countries exempted from tariffs imposed by the US on steel and aluminium imports.
JSE-listed African Oxygen (Afrox) has been awarded a contract to supply medical gases to government hospitals and clinics across all provinces.
Trade and Industry Minister Dr Rob Davies revealed on Monday that South Africa was willing to accede to quotas on its steel and aluminium exports to the US as part of the country’s ongoing bid to be excluded from tariffs imposed on March 23 following a proclamation signed by President Donald Trump earlier in the month.
Trade and Industry Minister Dr Rob Davies has made a formal submission to the US requesting the exclusion of South Africa from the imposition of duties on steel and aluminium products.
This year may break the downward trend of reduced consumption in the South African stainless steel industry, says South African Stainless Steel Development Association (Sassda) director John Tarboton.
The Department of Trade and Industry (DTI) says it is studying US President Donald Trump’s proclamations to impose a new 10% tariff on aluminium productsand a new 25% tariff on steel products from March 23. However, the department also confirmed that it would be making a formal submission to the US on the tariffs as provided for in the proclamations.
Columbus Stainless is positioned well to export competitively to the international market, while remaining committed to growing domestic demand for stainless steel.
Sassda has announced the launch of its biennial stainless steel awards, this year under the theme Celebrating Innovation, acknowledging world-class thinking and success at a local and international level.
Local Certification Not Accepted Internationally Forces SA Hippo To Set Up Companies In Canada And USA
When HAZLETON PUMPS exported the first HIPPO Flameproof Medium-High Voltage; High Volume; Submersible Slurry Pump to Canada in 2003 many challenges and had to be overcame. The main challenge was that the South African certification done on these pumps was not accepted by the Canadian Standards Association (CSA)
The Steel and Engineering Industries Federation of Southern Africa (Seifsa) warns that the difficulties facing the local steel industry will continue to worsen in the year ahead if the US Department of Commerce’s recommendation for a tariff of at least 53% on all steel imports from 12 countries – including South Africa – is accepted.
The Industrial Development Corporation (IDC) is currently assessing 21 potential transactions, worth a combined R437-million, arising from applications for support under a R1.5-billion industrial financing scheme set up in 2017 to support manufacturers of value-added steel products.
The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is worried about the potential impact on the local steel industry of the US Department of Commerce’s (DoC’s) affirmative final determinations in an antidumping duty investigation into imports of carbon and alloy steel wire rod from South Africa and other countries.
Here are some of the ‘hot spots’ in the local stainless steel sector over the next year..
improving the investment climate.