Steel Industry News - Africa

Total advances renewable energy projects in Brazil
Thu, 19 Jul 2018 02:15:00 GMT
Brazil generates about three quarters of its electricity from ... a rig contract canceled because of maritime disputes off the coast of Ghana. Europe seeks steel safeguards against U.S. tariffs 20 hou...


Chamisa & Mnangagwa Totally Clueless That Zimbabwe Doesnt ...
Wed, 18 Jul 2018 14:06:00 GMT
Zisco Steel was Africas renowned steel supplier, but is lying idle, while the country is left to import steel products from South Africa and China. In the first days of this new government, there was ...


US probe darkens Glencore horizons from Africa to Americas
Wed, 04 Jul 2018 00:00:00 GMT
Investigation is casting a wider net with the addition of Venezuela and Nigeria to its investigation, increasing the likelihood that Glencores management will get bogged down in a lengthy legal process.


GLOBAL BILLET WRAP: Prices pick up on post-Ramadan restocking
Wed, 20 Jun 2018 06:47:00 GMT
Buying activity was mainly concentrated in North Africa, where customers started to restock because prices for domestic finished long steel products ... The inventory for the product in Tangshan totaled 230,000 tonnes on Friday, down by 10,000 tonnes ...


International steel conference canceled under trade tensions
Mon, 18 Jun 2018 13:28:00 GMT
The forum was created in December 2016 by major steel producers like the U.S., Europe, China, Japan, Brazil, India, and South Africa. At the first ministerial meeting, held in Berlin last November, the members agreed to such measures as regularly reporting ...


Structural steel pipe market research insights shared in detailed ...
Tue, 12 Jun 2018 05:51:00 GMT
Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey & Rest of Middle East & Africa, with production, consumption, revenue (million USD), and market share and growth rate of Global Structural Steel Pipe in these regions ...


Out of Asia: China steel exporters chase new buyers in Africa ...
Thu, 07 Jun 2018 03:17:00 GMT
Exports to Nigeria, Africas biggest economy and the continents top buyer of Chinese steel, rose 15 percent in the first quarter, and shipments to Algeria, the fourth-largest economy, nearly tripled. In South America, Chinese shipments to Brazil ...


Out of Asia - China steel exporters chase new buyers in Africa ...
Wed, 06 Jun 2018 01:50:00 GMT
Exports to Nigeria, Africa's biggest economy and the continent's top buyer of Chinese steel, rose 15 percent in the first quarter, and shipments to Algeria, the fourth-largest economy, nearly tripled. In South America, Chinese shipments to Brazil jumped 40 ...


South Korean steel sector subject of 95 cases of import restrictions ...
Tue, 05 Jun 2018 22:42:00 GMT
Twenty-eight of the restrictions on steel imports are in the United States. Canada had 11, Thailand eight, India seven, Malaysia six and Australia five. There are also cases with the European Union, Indonesia, Taiwan, Mexico, Vietnam, Brazil, South Africa ...


ED assents to Ziscosteel Bill
Wed, 30 May 2018 15:01:00 GMT
According to the Act, the debts of Zisco consists of liabilities incurred by the company ... Previous attempts to revive the giant steel company through Global Steel Holdings and Essar Africa Holdings have failed due to various reasons.


New Zisco plant will be cheaper
Wed, 23 May 2018 15:56:00 GMT
Mr Mliswa said investors have been dragging their feet on the Zisco project over the years hence prejudicing the country and the economy. He said the country has as a result lost the foreign market for steel products, which it used to enjoy before the ...


Sierra Leone News: Over 400 senior Shandong staff to get benefits
Wed, 23 May 2018 07:26:00 GMT
Shandong Iron and Steel Group Co. Ltd. is a Chinese state-owned enterprise, established in March 2008 with its Jinan based Iron & Steel Company Ltd. It is engaged in the smelting, processing, and sale of steel products. It acquired in 2015, African ...


3 Bills get Senate nod
Mon, 21 May 2018 15:01:00 GMT
Governments decision to take over Zisco debts followed attempts by two Indian firms to revive the steelmaking firms operations but have, for various reasons, failed. In 2006, another Indian company Global Steel Holdings Limited was given ...


Rusal increased revenue despite U.S. sanctions
Fri, 18 May 2018 00:00:00 GMT
Russian aluminum giant Rusal on April 11 warned of expected harm to its business from U.S. sanctions, sending its shares down more than 7% despite the company reporting a 20% jump in first-quarter core profit. Washington last month announced sanctions on Russian billionaire Oleg Deripaska and several companies in which he is a large shareholder, including Rusal, En+ Group and GAZ Group, in response to what the United States said were Russias malign activities. Though Rusal said longer-term...


Outrage over Zisco debt
Wed, 16 May 2018 00:16:00 GMT
HARARE Members of the public have spoken out strongly against the Zimbabwe Iron and Steel Company (Zisco)s Debt Assumption) Bill that aims to allow government to inherit about $500 million owed by the giant steel maker to domestic and external debtors.


Chinamasa looks at Zisco debt with rose tinted glasses
Thu, 10 May 2018 21:55:00 GMT
FINANCE and Economic Development minister Patrick Chinamasa says taking over the Zimbabwe Iron and Steel Company Limiteds (Ziscos) debt of $494,8 million will not add to the governments debt. In a second reading of the Zimbabwe Iron and Steel ...


Parly set to fast-track key Bills
Wed, 09 May 2018 15:21:00 GMT
Africa Moyo Business Reporter PARLIAMENT resumed sitting yesterday after a brief adjournment, amid high hopes that legislators will fast- track several Bills regarded as urgent such as the Zimbabwe Iron and Steel Company (Zisco) Debt Assumption Bill and ...


EDITORIAL COMMENT: Quick economic turnaround everyones business
Thu, 19 Apr 2018 16:24:00 GMT
As more FDI flows into the country, it is our hope that there will be a quick revival of strategic companies such as the National Railways of Zimbabwe and Zisco Steel, which are key to economic recovery. No country can competitively conduct business ...


IMF resumes lending to Chad following Glencore debt deal
Sun, 15 Apr 2018 00:00:00 GMT
The Central African oil producer reached an agreement in principle to restructure its more than $1 billion debt to Glencore and four banks.


Heat-Treated Steel Plates Market $133.54 billion Growing at CAGR ...
Fri, 13 Apr 2018 08:06:00 GMT
Essar Steel , Bloomberg L.P. Precision Steel Warehouse ... Saudi Arabia, South Africa and, Brazil among others. For customisation in report, Ask Our Experts xxx Data Bridge Market Research set ...


Number of news reports: 20