Localisation can be game-changer for SA - dti

2016-03-16 14:44

State-owned enterprises are key in bringing about infrastructure-driven and labour-intensive economic growth in South Africa, says the dti's Lionel October.

Possible protection for SA steel - dti

2016-02-05 17:19

The SA government is working closely with the steel sector to agree on measures to support SA’s primary steel production capabilities, says the dti.

China’s steel industry peers into abyss

2015-11-18 09:23

Crude steel production in China will collapse by 23 million metric tons next year, according to the nation’s leading industry group.

Evraz rescue under threat

2015-10-04 18:00

The dicey, condition-laden plan to sell Evraz Highveld Steel and Vanadium out of business rescue faces a new threat: an aggrieved rejected bidder is going to court to try to put a different offer to creditors without the blessing of the business-rescue practitioners.

Steel penny drops – ANC refuses to sacrifice local industry for Chinese friendship

2015-08-26 15:33

Alec Hogg says contrary to popular opinion, the ANC is showing it is not prepared to sacrifice local industry on the altar of Chinese friendship.

SA readying to add tariffs on Chinese steel imports

2015-08-24 14:50

SA is preparing to introduce tariffs on Chinese steel imports, according to a group of labour unions and producers that met with government officials last week.

China July steel output falls 4.6%

2015-08-12 09:15

Chinese crude steel output has fallen 4.6% to 65.84 million tonnes in July, as steel mills in the world's top producer faced tumbling prices and faltering demand.

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.

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.


South32 CEO says time for action is now

2016-02-08 20:03

The last thing South Africa and the manganese industry needs at the moment is increased export capacity, says South32's CEO.

ArcelorMittal asks investors $3bn to endure steel rout

2016-02-05 10:30

ArcelorMittal plans to raise $3bn from investors and sell a $1bn stake in Spanish auto-parts maker Gestamp as the steelmaker looks to ride out an industry slump.

Chinese steel slapped with 236% tariff plan

2015-11-04 09:55

Imports of some corrosive-resistant steel from China may be taxed as much as 236% based on the level of subsidies they receive, according to a preliminary finding.

ArcelorMittal SA seeks import tariffs on all products

2015-09-10 12:52

ArcelorMittal South Africa says it wants additional protection from cheap Chinese steel entering the country, asking the government to add import duties on more products.

BHP cuts China steel forecast as profits plunge

2015-08-25 12:02

BHP Billiton says its full-year profit has plunged as commodity prices tumbled and has cut its forecasts for steel demand and output in China, its largest customer.

Labour, business in bid to stop steel jobs bloodbath

2015-08-21 13:50

Labour and business are meeting with government in a bid to stem massive job losses as China's dumping of steel is destroying jobs, says metalworkers' union Numsa.

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.

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.

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