Market News
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ArcelorMittal to discuss closure of melt shop in Vereeniging
Posted on :Monday , 7th September 2015
ArcelorMittal SA said on Monday it had "no option but to commence consultations" with stakeholders regarding the closure of its melt shop and forge at its Vereeniging specialised steel works.
It also said it would review its unprofitable main Vanderbijlpark works and associated group corporate services, with a view to optimising structures and costs. This would be concluded . . .
SAVA survey focused on phasing out of heavy metals
Posted on :Monday , 7th September 2015
The Product Stewardship Programme (PSP) survey, conducted by the Southern African Vinyls Association (SAVA), focused on the levels of compliance of member companies with regards to the phasing out of heavy metals during the production process, as well as the recycling of PVC products.
"One of the major objectives the local PVC industry had to meet this past year was the phasing o. . .
Davies imposes steel tariffs with conditions
Posted on :Monday , 7th September 2015
Trade and Industry Minister Rob Davies has come to the rescue of the beleaguered steel industry, approving a 10% ad valorem duty on certain imported steel products, which currently enter the country free of duty.
Stringent conditions:His approval, however, is subject to certain stringent conditions - including that st. . .
African firms invest in new tech to intensify global competition
Posted on :Monday , 7th September 2015
THE rapid growth of the mining industry, especially in Central Africa, is being mirrored in the market for mining explosives and chemicals across Sub-Saharan Africa. Almost 65 percent of major and minor mining firms in the region indicated that they would increase expenditure on explosives and chemicals in 2015, thereby stimulating a tepid market environment.
The mi. . .
Steel coatings firm appoints sales agent in Europe, Middle East & Africa
Posted on :Monday , 7th September 2015
Tesla NanoCoatings and Norwegian Drilling Group have launched a new class of corrosion protection coatings targeting the oil and shipping industries. Corrosion in these industries is a major maintenance issue that can severely hamper operations. Tesla NanoCoatings' products utilize carbon nanotechnology to prevent corrosion and extend the life of oil platforms and equipment as well as ships.
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