The first hot-rolled coil (HRC) has been produced at Scaw Metals’ Union Junction complex in Ekurhuleni, heralding the reintroduction of competition into South Africa’s flat-steel market. The R5-billion steel investment, which has been 75% funded by Absa and Investec and 25% funded by the State-owned Industrial Development Corporation, is also the first new flat-steel mill to be built domestically since Saldanha Steel in the 1990s, but which has since been mothballed.
