Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Steel prices: govt steps in

Aug 02 2010 20:15

Company Data

Kumba Iron Ore Ltd [JSE : KIO]

Last traded R562.15
Change R0.38
% Change 0.07%
Cumulative volume 478,143
Market cap R181.05bn

Last Updated: 13/02/2012 at 19:33. Prices are delayed by 15 minutes. Source: McGregor BFA

 

Anglo American Plc [JSE : AGL]

Last traded R342.29
Change R9.69
% Change 2.91%
Cumulative volume 2.28m
Market cap R459.67bn

Last Updated: 13/02/2012 at 19:33. Prices are delayed by 15 minutes. Source: McGregor BFA

 

Arcelormittal Sa Ltd [JSE : ACL]

Last traded R65.05
Change R0.80
% Change 1.25%
Cumulative volume 211,785
Market cap R28.00bn

Last Updated: 13/02/2012 at 19:33. Prices are delayed by 15 minutes. Source: McGregor BFA

 

Related Articles

Russia mulls SA anti-dumping duty

Pricey steel undermines SA firms

SA steel output fell in 2009

Crude steel production down

Steel demand: 15% fall in 2009

'SA steel's fundamentals weak'

 

Top Stories

Xstrata shuts furnaces to aid Eskom

Feb 13 2012 12:15

Miner Xstrata says it has brought forward maintenance on two furnaces to assist Eskom to save power.

SA economy adds 80 000 jobs in January

Feb 13 2012 10:43

Although jobs were created, the economy is still 420 000 jobs short of the peak employment level before the 2009 global financial crisis, says Adcorp.

Greece at last approves austerity measures

Feb 13 2012 07:58

Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.

 
Share Share line Print

Johannesburg - Government said on Monday it will look at ways to lower steel prices partly blamed on the price dispute between Kumba Iron Ore [JSE:KIO] and ArcelorMittal SA [JSE:ACL].

ArcelorMittal South Africa reached a stop-gap agreement to buy ore from Kumba, an arm of global miner Anglo American [JSE:AGL], at about half of recent market prices, following a price disagreement that began in February.

Department of trade and industry (DTI) spokesperson Sidwell Medupe said a team comprising officials from the departments of Economic Development, Mineral Resources and the DTI will recommend measures to ensure a viable and competitive steel pricing system.

Medupe said the interim agreement between Kumba and ArcelorMittal South Africa would only remove the iron ore surcharge ArcelorMittal had introduced following the dispute, but result in a rise in the base steel price.

"This increase in the base price will effectively pass through the cost of iron ore established in the interim agreement to steel purchasers," Medupe said in a statement.

Medupe said a competitive steel industry was necessary for the development and deepening of manufactured steel products that would benefit downstream industry.

- Reuters

 
 
Facebook still a closed book in China
Feb 08 2012 16:59

Mark Zuckerberg wants to ''friend'' China's massive market but how far is he prepared to go, and against what competition?

NicolaaSmith

What would happen if Greece leaves the European Monetary Union What would happen if Greece leaves the European Monetary Union The Euro would become a foreign currency like the US Dollar in Greece. Very little would actually change. It would be illegal for the Greek monetary authority to overprint a... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...