Coega Steels

The company is committed to producing premium steel products through innovative and sustainable processes. Contact us here: https://coegasteels.com/contact.php

Coega Steels, established in 2014, is a leading South African steel-billets manufacturer and the first and only steel-melting unit in the Eastern Cape province. Its billets, produced from high-quality ferrous scrap at its state-of-the-art mini-mill in Gqeberha, are the product of choice for 75 rolling mills locally and internationally. Its team of 600 employees is projected to grow to over 800 in

2026 through strategic forward integration. Looking further ahead, the workforce is expected to expand to approximately 900 staffers as it expands into finished-product manufacturing for the domestic market. The Coega Steels workforce is at the heart of its sustainability strategy. Through the company’s Corporate Social Responsibility initiatives, it strives to create a greener, cleaner and better future for staff and the local community. The mini-mill’s vision is to be the leading industrial enterprise in the province.

17/06/2026

STRATEGIC IMPORTANCE | Statistics from InvestSA, Government’s dedicated investment promotion programme, shows that every 1 000 tonnes of steel produced locally adds R9.2-million to the GDP.

The same tonnage creates three direct and three indirect jobs and enables domestic procurement spend of R5.3m.

In other words, steel drives industrial growth and improves lives.

This is why Fedgroup chose to invest more than R51m in a solar installation at Coega Steels in Gqeberha.

For South Africa’s largest independent financial services provider, projects like the one at the secondary-steel producer are strategically important because they sit within a sector central to the country’s industrial economy.

Full story here: https://tinyurl.com/CSIDCFunding

15/06/2026

LONG-TERM VISION | South Africa has suffered from a serious funding gap with regard to implementing renewable energies for businesses deemed critical to economic growth and industrial resilience.

Yet these same assets generate predictable long-term cash flows, provide inflation protection and are less exposed to short-term market volatility.

If there were something like a safe bet, this asset class surely would be it.

Fortunately with firms like Fedgroup understanding the value locked up in these entities for the country, the investment landscape is starting to change.

Fedgroup's recent investment in a massive solar plant at Coega Steels is built around proven demand and real industrial activity.

Learn more about this model: https://tinyurl.com/CSIDCFunding

10/06/2026

INVESTMENT CATALYST | A decision by the Industrial Development Corporation to award R500-million in funding to Fedgroup is a major endorsement of Coega Steels's commitment to transitioning to clean energy.

The success of the mini-mill’s solar project has been cited as one of the big reasons for Fedgroup's massive windfall.

The IDC has been heavily encouraged by the strength of the firm’s project structure and quality of its underlying assets as personified by the Coega Steels project.

More on this significant development: https://tinyurl.com/CSIDCFunding

04/06/2026

NEWS | Fedgroup, which invested over R50-million in Coega Steels's solar installation, secured R500-million in funding from the Industrial Development Corporation. Another example of how we make each other stronger.

Read full story: https://tinyurl.com/CSIDCFunding

27/05/2026

TEAM EFFORT | Transforming South Africa's steel industry requires buy-in from a range of stakeholders.

The recent completion of the Eastern Cape's largest hybrid solar farm at Coega Steels's plant in Gqeberha is a great example of what can be achieved when the business sector bands together.

In this instance, Emergent Energy EC collaborated with the Coega Development Corporation to access local labour and equipment needed to build the infrastructure.

Meanwhile, Huawei South Africa supplied the transformers and inverters needed for the conversion process while Matriarch Asset Managers conducts regular inspections, implements preventative maintenance and provides monthly reports on savings.

And, just like that, we have a party of [at least] five to help reduce the country's carbon footprint.

Learn more about Coega Steels: https://coegasteels.com/

25/05/2026

POWER TO THE PEOPLE | Installing solar power extends beyond mere environmental advantages into the realm of those who live in it.

The world is not only sensitive to industrial progress and evolvement but also to economic balance, which inevitably involves people.

The short version of this ideology is forging an environment where businesses can be profitable to (a) secure current employment opportunities and (b) grow to create more.

We believe investing in renewable energy is a step in that direction.

On a micro level, it provides additional stability for our workforce of around 600 people while, from a macro perspective, it grows the economy and creates jobs.

A win for us is indeed a victory for industry and therefore the economy.

The new hybrid (rooftop and ground) solar system commissioned by Coega Steels adds just over 7MW of additional energy capacity at the plant in Nelson Mandela Bay – the equivalent of supplying 3 500 to 7 000 residential homes with power.

Now imagine what is possible if we can all play our part.

Learn more about Coega Steels: https://coegasteels.com/

21/05/2026

RECORD SET STRAIGHT | The Daily Maverick has officially apologised to Coega Steels and retracted a factually-incorrect and damaging article it published on May 14, 2026.

Read full statements here:https://tinyurl.com/CSDMApology

19/05/2026

ENORMITY OF SCALE | Mention solar power and people inevitably ask for comparisons of scale.

Coega Steels recently finalised the second phase of its extensive, long-term solar project to upgrade its generating capacity to just under 8MW.

So how much is that?

If you consider that the average household consumes between one and 2kW of electricity per hour, 1MW will electrify anywhere from 500 to 1 000 homes for the same period. Now let's times that by eight and we have 4 000 to 8 000 dwellings.

Another interesting equation is that Coega Steels's total energy needs per annum will be around 180GW following its planned, future expansion. The objective is to source 20 per cent of this by way of solar technology, which means 36GW.

Using the same formula, this means supplying between 90 and 180-million houses with electricity.

Our views on the importance of green steel: https://tinyurl.com/CSNewsArticles

15/05/2026

POWER STEERING | Statistics from the International Energy Agency (IEA) indicate that total global energy investment in 2025 amounted to some $3.3-trillion, two-thirds of which flowed into clean-energy technologies like renewables, electric vehicles and fuels.

This is a clear indication in what direction the world is moving.

Coega Steels, a leading player in the hashtag revolution in South Africa, is at the forefront in the uptake of renewables in this country.

It recently unveiled a 7.08MW solar installation (3.91 rooftop and 3.17 ground array) at its plant in Gqeberha, proving why Africa will not be a bit-part player in the transition to purer power for much longer.

Learn more about Coega Steels: https://coegasteels.com/

13/05/2026

BASKING IN SOLAR | Coega Steels's investment in the Eastern Cape’s largest commercial solar installation at its Gqeberha plant represents a major shift towards lower carbon production processes in South Africa.

The project has been developed in partnership with Emergent Energy Eastern Cape and Huawei South Africa and comprises 11 484 solar panels and 23 inverters delivering 7MW of power.

Mini-mills like Coega Steels already emit up to five times less carbon than primary-steel producers by recycling scrap metal through induction and electric-arc methods rather than the traditional way of burning fossil fuels.

This, ongoing, project will help reduce the company's carbon footprint just that little bit more.

Anything to help the sustainability shoe fit, right?

For more of our views on the manufacturing of cleaner steel: https://tinyurl.com/CSNewsArticles

Address

Zone 6, Coega IDZ
Port Elizabeth
6001

Website

https://coegasteels.com/

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