Veer Steel Mills, a secondary steel manufacturer in South Africa, is expanding its plant with the construction of a new melt shop, aiming to produce 250,000 t/y of steel. The capital cost of the expansion is estimated at R500-million. The company is also working on two furnaces and a second billet strand caster, with commissioning expected in April 2022. In March 2021, it broke ground for a mechanised rolling mill installation, which is expected to be completed in December 2022.
Veer Steel Mills is focusing on a circular and green economic model, focusing on recycling raw materials and training and development for the unemployed. The company sources higher-grade scrap metal from third-party dealers and uses energy-efficient technologies to reduce waste streams and reduce the generation of polymetric slag. The company plans to gradually migrate towards micro, self-generated power to minimize its carbon footprint and reliance on electricity from Eskom.
Once the new plant is commissioned in the third quarter of 2022, Veer Steel Mills plans to employ around 800 people permanently at its Alrode plant. The company outsources its training, which is facilitated by the Manufacturing, Engineering and Related Services Sector Education and Training Authority. The company has also partnered with institutions to conduct work-readiness programs, such as the University of Johannesburg’s Resolution Circle, Katlehong Engineering School, and the Ekurhuleni West Technical and Vocational Education and Training College.
Veer Steel Mills supports the African Continental Free Trade Agreement, which aims to help industries reach a wider market and create sales corridors between African countries. The company sells its products in Tanzania, the Democratic Republic of Congo, Zimbabwe, Mozambique, and Malawi, but plans to expand its reach with the help of its other divisions, Pioneer Metals and Veer Aluminium.
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