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Bauba reports R52.3m loss for eight-month period
By: Darren Parker 13th May 2022 JSE-listed Bauba Resources has reported total comprehensive losses of R52.3-million for the eight-month period ended February 28, compared with a loss of R31.4-million in the previous financial year. With effect from January 29, Bauba changed its financial year-end from June 30 to February 28 to... →
Waterjet cutting services relevant for vessels, heat exchangers
By: Sabrina Jardim 22nd April 2022 Waterjet cutting service provider MAXJET processes baffle and tube plates up to a thickness of 50 mm, which are commonly used in vessels and heat exchangers. “Our process makes for simpler downstream works, while our cold cutting processes allow for materials to be processed without affecting... →
Iron-ore edges up as world's biggest miners warn of supply risks
By: Reuters 21st April 2022 Dalian and Singapore iron-ore futures edged up on Thursday, after miner BHP Group flagged a continuing production weakness, but gains were capped by Covid-19 concerns and steel production controls in top steel producer China. The most-traded September iron ore on China's Dalian Commodity... →
Iron-ore slumps as China vows to cut steel output in 2022
By: Reuters 19th April 2022 Dalian and Singapore iron-ore futures fell on Tuesday, sharply reversing gains made earlier in the session, after a spokesperson for China's state planner said the country would keep reducing steel output this year. Adding to concerns over demand prospects for the key steelmaking raw material,... →
MetaleN
19th April 2022 Copper and heat-exchange materials are critical in the modern technological age, forming part of the many essential areas such as energy, heating and cooling, medical, decorative, electronics, farming and mining. You can rely on MetaleN for quality that adheres to strict international standards... →
'Black swan' LME nickel chaos shows regulators still missing market risks
By: Reuters 13th April 2022 Last month's chaos in London Metal Exchange nickel trading has shone a light on the failure of a core reform from the global financial crisis to help regulators quickly spot destabilising risks in markets. The 2008 Lehman Brothers crash and bailout of insurer AIG prompted G20 leaders to increase... →
India to face more power cuts due to coal shortage, soaring demand
By: Reuters 12th April 2022 India is likely to face more power cuts this year as utilities' coal inventories are at the lowest pre-summer levels in at least nine years and electricity demand is expected to rise at the fastest pace in at least 38 years, officials and analysts say. Power cuts could stifle industrial activity... →
Manufacturer prioritises customer needs
By: Nadine Ramdass 8th April 2022 Stainless steel long products manufacturer Wire Products Stainless Steel’s (WPSS’s) experience of more than 30 years in supplying material to produce cold-formed fasteners and complex parts to the market has resulted in a strong knowledge and understanding of customer requirements, says WPSS... →
Stainless steel industry perseveres in challenging conditions
By: Nadine Ramdass 8th April 2022 Despite significant challenges, such as the Covid-19 pandemic and its ripple effects, the stainless steel sector has shown adaptivity, innovation and resilience. It is also showing prepandemic consumption levels, with Southern Africa Stainless Steel Development Association (Sassda) acting... →
Tool distribution for local market simplified
By: Nadine Ramdass 8th April 2022 Through its partnership with South Korea-based original-equipment manufacturer (OEM) YG-1, engineering equipment importer and supplier JTB Industrial Solutions (JTB) can supply the local market with YG-1’s range of cutting tools and indexable inserts. YG-1 is a major global company that exports... →
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