WHAT’S HAPPENING IN THE WORLD OF STAINLESS STEEL?
In the age of COVID-19 information is power. For that reason, our monthly GPS eNewsletter packages articles that provide market intelligence from across the globe. This issue of the magazine features a highlight package of the best of the articles from this year. So read on, gather your thoughts, and plan your next move as you reboot and reinvent your business strategy for the challenging path ahead.
INFRASTRUCTURE PROJECTS HOLD EXCELLENT POTENTIAL FOR STAINLESS STEEL
South Africa has received “firm commitment” running into billions of Rands for some of the 276 infrastructure projects presented to investors around the globe in the past five months. Speaking at the inaugural Sustainable Infrastructure Development Symposium of South Africa, President Cyril Ramaphosa said: “Like many other advanced and emerging countries around the world, South Africa is looking at infrastructure as a springboard to recover from the economic slump caused by the COVID-19 virus.”
SOUTH AFRICA BANS SCRAP METAL EXPORTS FOR TWO MONTHS
South Africa’s government has banned all exports of ferrous and non-ferrous scrap metal for two months to safeguard domestic supply while it considers measures to support the domestic industry.
SOUTH AFRICAN STAINLESS STEEL DRIVES AFRICAN MINING PROJECT
Ten large stainless 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 Betterect, as part of the mine’s gold processing plant expansion. Columbus Stainless supplied 250 t of grade 2304 duplex steel for the tank fabrication project.
SA MANUFACTURING INNOVATION AT ITS BEST
Production has begun on three South African non-invasive respiratory ventilator designs. This is not just good news for hospitals and patients, but also for local manufacturing, as it provides a useful template for other sectors seeking to pivot and prosper despite the current economic downturn.
ROUNDTABLE DISCUSSION ON THE EFFECT OF COVID-19 ON THE LOCAL STEEL SECTOR
Business Day Television recently hosted a fascinating round table discussion on the impact of COVID-19 on the steel sector (including stainless steel).
CLICK HERE TO WATCH THE FULL PROGRAMME