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Engineering News reports that the promoters of a proposed stainless and alloy steels plant in the Eastern Cape believe that the greenfield development could support the creation of new jobs in the domestic mining and steel industries.
Should it be developed in line with the current concept, Lamergyre Alloy’s vertically and horizontally integrated facility could eventually have the capacity to produce up to 6.5-million tonnes a year of new stainless and alloy steels. The concept is being proposed for establishment in Section 11 of the Coega Special Economic Zone (SEZ), in Port Elizabeth, and is one of ten projects in a pipeline of investments worth R287-billion. The plant’s base value will be about R193.5-billion. Plant construction could start, in three phases, by as early as 2021. According to Lamergyre’s Stephen Rust, local iron-ore, chromite, manganese and coal inputs would amount to 90% of the weight of the finished austenitic stainless steel.
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