Uncompetitive scrap metal prices causing further decline in industry

Uncompetitive scrap metal prices causing further decline in industry

Unless strong action is immediately taken to stem the export of scrap metal and keep it in South Africa at competitive prices, the scrap beneficiating industry will further decline and directly affect the aluminium sector, saysaluminium foundry alloys producer Zimco Aluminium Company (Zimalco) sales and marketing director Bob Stone. “Owing to a high price for scrap metal and closures in the consuming industries, final original-equipment-manufacturer users are importing […]

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AMSA confirms another round of steel price increases from May 1

Steel producer ArcelorMittal South Africa (AMSA) has confirmed yet another round of price increases on both flat- and long-steel products, announcing average increases of 10% from May 1 and reinforcing what has become an established pricing trend since the start of 2016. However, acting CEO Dean Subramanian has again insisted that the latest increases have […]

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Call for entries for Steel Awards 2016

Steel construction industry representative organisation the Southern African Institute of Steel Construction (Saisc) is calling for entries for its Steel Awards 2016, which will take place simultaneously in Johannesburg, Durban and Cape Town on September 15. The deadline for entries is April 21, however, a 10% early-bird discount is being offered for completed entries that […]

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Work together to save SA iron and steel industry – Zuma

President Jacob Zuma on Tuesday called on government, business, and trade unions to work together to prevent job losses in the struggling iron and domestic steel industry sector. “This is a time for unity in the sector so that this critical industry can be supported and emerge from the current challenges stronger and play its […]

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