market intelligence
The best of the GPS e-newsletter Each month Sassda rounds up a selection of global and local market intelligence articles that are sent to our members in an easy-to-read package of content. They’re designed to highlight pockets of potential growth in demand for stainless steel. Here are some of the best articles from the last few issues...
New Scaw steel mill to replace R4bn imports Scaw Metals has invested R5-billion in the development of a new steel mill in Johannesburg, positioning the company to replace hundreds of thousands of tonnes of steel imports with locally manufactured products. The local manufacturer of long steel products, which competes with ArcelorMittal South Africa (Amsa) and many mini-mills and micro mills across the country, is likely to replace some R4bn worth of products that are currently imported… Read more
ArcelorMittal SA turns down Networth Investments’ R19-Billion bid A R19-billion transformation bid for ArcelorMittal South Africa (Amsa) by local firm Networth Investments has been rejected, despite promises to revolutionise the country’s struggling steel industry with green technology and more profitable stainless steel production… Read more
City of Cape Town sets conditions for rail takeover
Cape Town Mayor Geordin Hill-Lewis says national government will have to transfer the required budget, estimated to amount to R123-Billion over a 30-year period, for the City to take over passenger rail services. According to the City’s Rail Feasibility Study, which proposes ownership models that it hopes to serve before Council for approval in order to take further steps, the passenger rail services would be more efficient and fully functional under the municipality… Read more
Indian stainless steel giant in trouble again?
Indian stainless steel group Jindal seems to be thinking aloud about ending its stainless steel production in Indonesia after recent business figures that fell well short of expectations. And scrap demand in Taiwan is up more than 34% month-on-month in September…. Read more
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Issue 4 – 2024
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