Saldanha Steel
Encyclopedia
Saldanha Steel is a South African steel
company which was originally formed as a partnership between Iscor Limited and the Industrial Development Corporation (IDC). Saldanha Steel is part of Mittal Steel South Africa which in turn is part of global steel company Arcelor-Mittal
.
Following the unbundling of Iscor's mining
and steel assets, the Industrial Development Corporation has now become a major shareholder of Iscor Ltd.
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...
company which was originally formed as a partnership between Iscor Limited and the Industrial Development Corporation (IDC). Saldanha Steel is part of Mittal Steel South Africa which in turn is part of global steel company Arcelor-Mittal
Arcelor-Mittal
ArcelorMittal S.A. is a global steel company headquartered in Avenue de la Liberté, Luxembourg, Luxembourg. It is the largest steel producing company in the world and is the market leader in steel for use in automotive, construction, household appliances and packaging. It holds sizeable captive...
.
Operations
The R6,8bn Saldanha Steel facilities, situated on the Cape west coast roughly 10 km away from Langebaan Lagoon's ecologically sensitive wetlands, has been designed to produce 1,25 million tons of hot-rolled carbon steel coil per year. The mill was commissioned in 1998.Following the unbundling of Iscor's mining
Mining
Mining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock...
and steel assets, the Industrial Development Corporation has now become a major shareholder of Iscor Ltd.