What is Happening in the World of Stainless Steel

08 June 2021

What is happening in the world of stainless steel - June 2021
MARKET INTELLIGENCE FROM ACROSS THE GLOBE
 
Amidst these times of financial uncertainty, we feel it’s important to strategise and adopt a forward-thinking growth mindset. For that reason, we put together a monthly package of articles in our Sassda GPS eNewsletter that provide market intelligence from both near and far because in the Age of COVID-19 information is power.
 

LOCALISATION PROVIDES KEY GROWTH WINDOW FOR SA INDUSTRY

 
Localisation provides key growth window for SA industry
Small Business development minister Khumbudzo Ntshavheni says the department is in talks with the Department of Trade Industry and Competition (dtic) to designate more products under the 100% local content category to support SMMEs in the local manufacturing sector. She reports; “We are working with the dtic to designate more products for 100% or 80% local content to minimise the entrance of other products in the country. In addition, we are working with the South African Revenue Service and customs to make sure that those products that are designated for 100% local content are not allowed on our shores to protect local companies.”

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STAINLESS STEEL INDUSTRY SHOWS BRIGHTER FUTURE

 
Stainless Steel Industry show brighter future
The stainless steel market is still under pressure following years of economic decline in South Africa’s economy. This was exacerbated by Covid-19 and the measures that the government imposed to reduce infections, says Sassda platinum member Columbus Stainless. After the Level 4 lockdown restrictions, increased economic activity was evident and the stainless steel industry benefitted from this.

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INTERNATIONAL ASSOCIATION LAUNCHES MAJOR CAMPAIGN TO GROW SOUTH AFRICAN  ZINC INDUSTRY

 
International Association launches major campaign to grow South African Zinc Industry
The R100 billion Infrastructure Fund announced by President Cyril Ramaphosa in his State of the Nation Address on 11 February is likely to see an increase in the demand for galvanized steel, especially with the economy anticipated to grow by 2.1% this year and 2.2% in 2022. This is good news for the Africa Desk of the International Zinc Association (IZA) under Simon Norton, tasked to address the decline of the zinc industry in the country and on the continent. Internationally, the IZA represents global mining companies and zinc refiners. The main focus is South Africa at present, particularly in the key target areas of mining, construction and infrastructure development, but the plan is to include potential growth markets such as Kenya, Egypt, Algeria and Morocco in the near future. 

 

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MOZAMBIQUE LAUNCHES CONSTRUCTION OF $1BN PLANT TRANSMISSION LINE

Mozambique launces construction of #1BN plant transmission line
Mozambique has begun construction of gas-to-power plant and transmission line projects worth $1-Billion in the southern province of Inhambane as the government aims to boost energy supply. The World Bank is one of the financing partners of the infrastructure projects, alongside the United States, Norway, African Development Bank (AfDB), Islamic Bank and The Opec Fund for International Development, according to statements from the World Bank and the US embassy
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WORLDSTEEL ANNOUNCES STEEL SUSTAINABILITY CHAMPIONS
 
Worldsteel announces steel sustainability champions

The World Steel Association has recognised nine companies as Steel Sustainability Champions for their work in 2020. Now in its fourth year, the programme commends those steel companies that are most clearly demonstrating their commitment to sustainable development. To be recognised, steel companies must provide data for six of the Worldsteel Sustainability Indicators and provide Life Cycle Inventory (LCI) data to Worldsteel’s data collection programme.

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FRANK GEHRY’S TWISTED LUMA ARLES TOWER SET TO OPEN IN JUNE

 
Frank Gehry's twisted Luma Arles Tower set to open in June
The stainless steel-clad Luma Arles arts tower designed by Frank Gehry to evoke Van Gogh's Starry Night painting is nearing completion in southern France. At the centrepiece of the arts centre in the French city of Arles is a 56-metre-high tower designed by Pritzker Prize-winning architect Gehry. The 15 000m2 tower will house seminar rooms, exhibition spaces, research facilities, an auditorium and a cafe for the arts centre, which was established by Swiss collector Maja Hoffmann in 2004.

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