Evraz Steel could lay off 1 000 workers

2015-07-21 20:09

Evraz could lay off more than 1 000 workers after temporarily ceasing the production of steel due to depressed prices and competition from Chinese imports.

ArcelorMittal turns to rabbits to go green

2015-07-19 15:05

The company will spend €1.1 billion (R14.8 billion) to turn carbon monoxide into ethanol using a microbe normally found in the gut of rabbits.

SA billionaire selling off steel empire

2015-05-12 19:00

South African steel tycoon Eric Samson, aged 76, is in the process of unwinding an industrial empire that he spent more than five decades building, it has emerged.

Urbanising India best bet for Chinese steel

2015-05-05 10:15

India will be the lone bright spot for Chinese steelmen trying to cut bloated inventories as Asia's third-largest economy embarks on an urbanisation drive.

Alert Steel update on business rescue

2015-02-16 11:15

Shareholders of Alert Steel Holdings are referred to the announcement released in December 2014 regarding the business rescue proceedings.

ArcelorMittal SA to present environmental plan

2014-12-02 11:50

ArcelorMittal SA will not challenge a court ruling that it must hand over documents related to its largest steel plant to an environmental activist group.

Evraz appoints new CEO

2014-04-16 16:44

The steel and vanadium producer Evraz Highveld has appointed a new chief executive as the company struggles to return to profitability.

Seifsa worried over growth in metals sector

2014-01-10 19:30

Seifsa says it's worried about the slow growth in metals and engineering, but it's upbeat that the confidence level is now 128% higher compared to 2009.

ArcelorMittal SA bruised

2013-08-01 08:55

ArcelorMittal South Africa, a unit of the world's top steelmaker, has reported a first-half profit loss as sales weakened and production dipped.

SA steel production down in May

2013-06-20 15:28

South African steel production fell by 7.6% in May to an estimated 570 000 tons after plunging by 16.6% in February to 515 000 tons‚ worldsteel data shows.


ArcelorMittal turns to rabbits to go green

2015-07-19 15:10

The company will spend €1.1 billion (R14.8 billion) to turn carbon monoxide into ethanol using a microbe normally found in the gut of rabbits.

Evraz asks court to set aside debtors' claim

2015-05-25 16:26

Evraz Highveld says Sasfin Holdings is stalling a process to rescue the company from insolvency as the bank refuses to cede control of a debtors’ book.

ArcelorMittal cuts forecast on iron ore gain

2015-05-07 10:46

ArcelorMittal cut its annual profit target as decade-low iron ore prices overwhelm a recovery in steel.

Evraz steel unit files for bankruptcy protection

2015-04-14 13:40

Evraz steelmaker, plans to apply for the local equivalent of bankruptcy protection as a slump in demand for the metal left it with insufficient funds.

EU, Japan win China trade dispute over steel

2015-02-15 18:30

China has violated international trade rules when it imposed anti-dumping tariffs against certain steel tubes from the European Union and Japan, says the WTO.

Zimbabwe set to revive steel production

2014-05-09 17:17

Zimbabwe will resume steel production within two years, implementing a long delayed joint venture with an Indian company.

ArcelorMittal SA narrows full-year loss

2014-02-07 10:07

ArcelorMittal SA, a unit of the world's top steelmaker, has narrowed its full-year loss, helped by a weaker rand and firmer steel prices.

Algeria to own 51% of ArcelorMittal unit

2013-09-18 09:50

Steelmaker ArcelorMittal will sell a 21% stake in its Algerian unit to the state, allowing the country to become a majority shareholder, according to the state news agency.

Eskom contractor seeks business rescue

2013-07-09 10:19

A contractor involved in Eskom's Kusile power station project has applied for business rescue proceedings, a report states.

ThyssenKrupp to axe 3 000 jobs

2013-05-15 15:51

German heavy industry giant ThyssenKrupp plans to axe 3 000 jobs worldwide as disastrous investments in steel operations abroad tore holes in its balance sheet.

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