Mittal S.Africa unit to raise steel prices in May

(Reuters) - Mittal Steel SA, the South African unit of Arcelor Mittal, the world's top steel-maker, will raise the prices of certain long and flat steel products from May 1, it said on Friday.

Blaming stronger international steel prices, Mittal SA said in a statement it would from the start of May raise the price of hot and cold rolled coil by 7 percent and 2 percent, respectively, and plate by 10 percent.


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S.Africa's Mittal to unveil $83 mln kilns investment

(Reuters) - South Africa's Mittal Steel, a unit of the world's top steel group, said on Monday it would announce a 600 million rand kilns project at its main Vanderbijlpark plant on Thursday.

Mittal SA, which is 52 percent owned by Arcelor Mittal, has already said it plans to spend 9 billion rand in a capital expenditure programme over a number of years, and the 600 million was part of that amount.


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S.African stocks slide, Mittal biggest loser

South African stocks continued their slide on Wednesday, following on weaker global equities, with losses led by steel manufacturer Mittal, which fell over 4 percent.

"The sell off started yesterday and has continued today, across the globe there was a sell-off, it was nothing stock specific," a Cape Town-based trader said.

The Johannesburg Top-40 index of blue-chip stocks slid 2.46 percent to 22,674.28 points while the All-share index dropped 2.33 percent to 25,250.06 points.
Mittal -- a unit of the world's top steel group -- was the biggest decliner among the top 40 blue chips, down 4.78 percent to 109.50 rand.

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Mittal FY earnings down 8 pct on costs

South Africa's Mittal Steel, a unit of the world's top steel group, said headline earnings for the year to end December fell 8 percent to 4.646 billion rand, due to higher input costs.

Mittal SA, which is owned by Arcelor Mittal, said the decline in earnings was offset by an increase in domestic sales and a weaker rand/U.S. dollar exchange rate.

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Anglo American boosts S.African stock market

South African shares closed slightly higher on Monday, boosted by a rally in Anglo American, the bourse's most heavily weighted stock.

"Today was mainly a resources day, with industrials and financials flat," African Harvest portfolio manager Rajay Ambekar said.

The Johannesburg Top-40 index of blue-chip stocks traded 0.45 percent stronger to 24,029.73 points, while the All-share index gained 0.42 percent to 26,623.23 points.

Diversified mining group Anglo American was among the leading blue chips, up 1.80 percent to 361.73 rand. Rival miner BHP Billiton was 0.43 percent stronger, at 152.35 rand.

Steel manufacturer Mittal Steel, which is due to report results this week, was up 3.37 percent to 120.01 rand. Apart from expectations of solid results, Ambekar said the stock was further boosted by consolidation of the global steel market.

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Corus deal buoys S.Africa's Mittal, Highveld shares

Shares in South Africa's Mittal Steel SA, a unit of the world's top steel group, jumped 6 percent on Wednesday to a fresh peak, buoyed by fresh consolidation in the global steel sector, traders said.

Shares in Mittal SA, majority-owned by Arcelor Mittal, traded 5.4 percent up at 109.62 rand, leading the blue chip Top-40 index, which lost 0.37 percent at 1303 GMT.

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