West Coast Business News & Directory.

A review of spoilt brat Arcelor’s rights is in order

It seems that the lighter ArcelorMittal South Africa’s legal case becomes, the louder are its threats. Its latest – to close its Saldanha Steel plant and stop all steel exports – smacks of the sort of churlish behaviour one would expect of a spoilt child. And spoilt child is pretty much the status that ArcelorMittal SA has enjoyed for most of its stay in South Africa. The extent of...

ArcelorMittal SA seeks quick end to row with kumba

The South African unit of ArcelorMittal, the world’s largest steel maker, on Tuesday said it was cooperating with Kumba Iron Ore to expedite a prolonged dispute over iron-ore supply amicably. ArcelorMittal South Africa also said steel prices were set to rise on recovery of global demand, restocking and a boom in South Africa’s economy, particularly in the construction industry. “We...

Steel prices increase Saldanha Steel will benefit, but not the consumer.

JSE-listed steel producer ArcelorMittal South Africa (AMSA) confirmed to Engineering News Online on Monday that the price of flat and long steel for delivery from June 1, 2010, would increase by between 2% and 17%, depending on product type – news of the increase was met with anger by steel consumers. The June increases would be over and above the R600/t surcharge instituted from May 1, 2010,...

ArcelorMittal in Saldanha Bay could face price increase for iron ore

Details of an “interim pricing arrangement” between iron-ore belligerents ArcelorMittal South Africa (AMSA) and Kumba Iron Ore (KIO) are expected to be concluded in the near term, with detailed discussions on the finer details reaching maturity. Further, an update on the progress regarding the channel through which the two companies would seek to resolve their dispute could also be communicated...

ArcelorMittal in Saldanha Bay could be facing iron ore supply problems.

Kumba Iron Ore appears to have dealt steel giant ArcelorMittal South Africa another body blow in the ongoing battle between the two companies. The Mail & Guardian understands that Kumba has applied for a 21% share in the mining rights to the Sishen mine, which lie at the heart of the corporate bun fight. The matter is being closely watched as it ultimately goes to the heart of steel pricing in...