AMSA confirms another round of steel price increases from May 1

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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Sasol sees low oil prices persisting to 2017, but expects strong upswing by decade’s end

Energy and chemicals group Sasol reported a 17% fall in headline earnings to R49.76/share in the year to June 30, 2015, with a strong operational performance offset by a sharp weakening in market conditions, including a year-on-year oil price decline of 33%. Outgoing President and CEO David Constable indicated that the group expected oil prices […]

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Coal terminal in R1.34bn equipment replacement drive

The private-sector-owned Richards Bay Coal Terminal (RBCT) on Thursday announced a R1.34-billion equipment replacement project to boost South Africa’s coal supply chain and replace aging equipment with minimal impact on the business of the coal terminal. To be replaced after 39 years of service will be two stacker reclaimers and two shiploaders plus the reconfiguration […]

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