ARTICLES RELATING TO STEEL

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.

ArcelorMittal SA full-year loss widens

2013-02-06 09:37

ArcelorMittal SA, a unit of the world's top steelmaker, has reported a full-year loss due to a drop in domestic steel sales and a decline in commercial coke sales.

ArcelorMittal ignores new debt cut calls

2013-01-13 18:42

Having danced to the credit rating agencies' tune to no avail, ArcelorMittal looks likely to turn a deaf ear to the chorus for more debt cuts.

Trident to pay R8.6m for price fixing

2012-12-19 18:55

Trident Steel will pay a penalty representing 2% of its 2007/08 turnover after it contravened the Competition Act with price fixing of steel products.

SA nears iron ore, steel export tax

2012-12-06 13:01

Cabinet has endorsed a report recommending the introduction of export taxes on iron ore and steel, to push producers to sell more of their products domestically.

ArcelorMittal sells stake in SA miner

2012-11-15 11:37

Steelmaker ArcelorMittal has agreed to sell its 50% stake in miner Kalagadi Manganese to the chairperson of joint venture partner Kalahari Resources.

Iron ore prices propped up by output drop

2012-04-19 08:08

Major iron ore producers including Rio Tinto and BHP Billiton have suffered weather-related disruptions, helping to keep iron ore prices resillient.

Amsa plant resumes production

2012-01-13 17:14

ArcelorMittal SA says it has started full production at its Newcastle plant that was hit by a furnace failure last year.

ArcelorMittal to cut Czech staff

2011-12-02 10:58

The world's top steelmaker ArcelorMittal is to lay off workers in the Czech Republic due to weak demand.

US, Asia demand boosts Int Ferro Metals

2011-10-25 09:11

International Ferro Metals posted a 21% rise in third-quarter ferrochrome sales on strong demand in the US and Asia.

Amsa secures steel, to up prices

2011-09-05 11:30

ArcelorMittal SA has secured 240 000 tonnes of steel to help boost supply to its customers after a furnace failure cut output.

SA battles reinforcing steel shortage

2011-04-17 10:56

Delays are feared with big construction projects as the main suppliers are limiting the key component.

Zim wins massive steel deal

2011-03-14 06:44

Zimbabwe last week won its biggest foreign investment in a decade with a $750m steel deal, but that left other firms confused.

US data, M&A lift stocks

2011-02-04 09:51

Japanese shares have risen, lifted by news of a mega merger in the steel sector, while a rebounding dollar put a slight dent in a commodities rally.

Russia mulls SA anti-dumping duty

2010-06-23 14:39

Russia has proposed slapping anti-dumping duties on imported nickel-containing steels from China, South Korea, Brazil and South Africa.

 

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, CSN push for steel mills

2013-01-17 13:55

ArcelorMittal and Brazil's Companhia Siderúrgica Nacional have been tipped as leading bidders for steel mills ThyssenKrupp wants to sell in the US and Brazil.

ArcelorMittal pulls bid for EU project

2012-12-06 17:53

ArcelorMittal announced it had withdrawn its bid for a EU-funded project in environmentally friendly steel which France hoped could keep two blast furnaces going.

ArcelorMittal warns unions of bleak 2013

2012-11-20 11:30

The world's largest steelmaker has warned labour unions there is little hope for better results next year, citing a slowdown in European demand for steel.

Alert Steel plans rights offer

2012-03-27 16:20

Steel retailer Alert Steel says it plans to raise R120m through a rights offer.

African Iron surges after Exxaro bid report

2012-01-09 16:26

Australian-listed African Iron's stock rose more than 9% after a Wall Street Journal report that Exxaro was in talks to buy it.

Amsa raises steel prices

2011-11-07 17:56

ArcelorMittal SA has increased steel prices by up to 8% for certain products from 1 November.

ArcelorMittal may close Polish furnace

2011-10-21 15:11

Weaker steel demand in Europe may prompt the temporary closure of ArcelorMittal's blast furnace in Poland.

Back to basics

2011-05-26 00:00

Alert Steel’s white knight isn’t naïve about the group’s future. He’ll be staying way from the bright lights and big competition. In other words, the rural market will be his base camp.

Davies takes on Kumba

2011-03-23 10:50

Trade and Industry Minister Rob Davies says there are "plenty of players" willing to use cost priced ore from Sishen to produce steel.

Japan steel shares soar

2011-02-04 11:10

Japanese steel shares have soared after steelmaker Nippon Steel and rival Sumitomo Metal Industries unveiled a merger plan to create the world's second-largest steel firm.

Steel in the melting pot

2010-11-10 06:57

Murray & Roberts' plans to sell its Cisco steel operations are an indication of the stresses in the global steel industry, writes David McKay.

Change in fortunes for Mittal SA

2010-04-29 08:19

ArcelorMittal SA has increased earnings for the quarter ended March 2010, up from the previous quarter, and a major turnaround from the loss it reported a year ago.

 
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