Evraz Highveld Steel and Vanadium

What Evraz Highveld Steel and Vanadium does

Evraz Highveld Steel and Vanadium Limited is a South African vertically integrated producer of iron ore, steel products, and vanadium slag, headquartered in Witbank. Founded in 1957 (originally as Highveld Steel and Vanadium Corporation) and later brought under the EVRAZ Group, a Russian multinational metals and mining conglomerate, the company historically operated an integrated mine-to-steel value chain anchored by its Mapochs Mine iron ore feedstock. Its product mix combined structural steel with vanadium-bearing slag, a co-product used in high-strength steel alloys.

Since April 2015 the entity has been in continuous voluntary business rescue under South African insolvency law, with its Johannesburg Stock Exchange listing suspended at the same time. Business Rescue Practitioners, led by Piers Marsden of Bowman Gilfillan, were appointed in April 2015 and remain in place more than a decade later, as evidenced by monthly update reports to creditors continuing through June 2026. A plant stoppage and associated layoffs were announced in July 2015, and the related Mapochs Mine entity was placed under provisional liquidation in May 2016, materially impairing the company's integrated cost structure. The corporate website has been repurposed as a portal for business rescue documentation and creditor communications rather than as a commercial channel.

Revenue mechanics are not disclosed in the available source material, and the company has no apparent active go-to-market, pricing model, customer list, or distribution channels. Multiple concurrent creditor disputes — including actions by EMAG, Mastercroft, Air Liquide, Sasfin Bank (resolved May 2015), and the Industrial Development Corporation — underscore the contested nature of the rescue. As of the latest available reporting, the business rescue remains unresolved, with no operational restart or new investment signal evident in the input data.

Name

Evraz Highveld Steel and Vanadium

Legal name

Evraz Highveld Steel and Vanadium Limited

Website

https://evrazhighveld.co.za

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Evraz Highveld Steel and Vanadium is a South African vertically integrated producer of iron ore, steel, and vanadium slag, owned by EVRAZ Group and in continuous voluntary business rescue since April 2015, with no active commercial operations disclosed.

Ownership category

akta.pro rank

Product category

Steel and Vanadium Manufacturing

NAICS

Iron Ore Mining (212210), Iron and Steel Mills and Ferroalloy Manufacturing (33111), Other Metal Ore Mining (212290), Nonferrous Metal (except Aluminum) Smelting and Refining (331410)

SIC

Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (3312), Metal Mining (1000), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Iron Ore Beneficiation & Concentration (Crushing, Screening, Washing, Magnetic Separation) (IMAKAAAD)

Keywords

• Steel production
• Vanadium slag
• Iron ore mining
• Integrated steelmaking
• Ferrovanadium products

Headquarters

HQ city

Witbank

HQ country

South Africa

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Others

Core offering

Evraz Highveld Steel and Vanadium is a vertically integrated South African producer that mines iron ore and manufactures steel products and vanadium slag. The company historically operated a full value chain from raw iron ore extraction through steelmaking to vanadium-bearing slag by-product recovery for downstream ferrovanadium processors.

Product overview

Evraz Highveld Steel and Vanadium Limited is a steel and vanadium production company based in South Africa. The company has been under business rescue proceedings since April 2015, with the business rescue plan published in September 2015. The website primarily serves as a portal for business rescue documentation, creditor communications, and legal proceedings updates rather than product or service offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Iron Ore Production Iron ore extracted as the primary raw material input for the company's steelmaking operations.
• Steel Products Manufactured steel products for industrial buyers, produced from the company's own iron ore feedstock via its integrated steelmaking facilities.
• Vanadium Slag Vanadium-bearing slag produced as a by-product of steelmaking, supplied to downstream processors for ferrovanadium and vanadium alloy production.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves7 records

Broad incumbents

• African Rainbow Minerals: Diversified South African mining group with iron ore, manganese, and platinum exposure. Comparable as a domestic competitor for mineral resources, customers, and capital in the same Mpumalanga/Northern Cape mining ecosystem.
• Anglo American: Global diversified mining major with significant South African iron ore and steelmaking-adjacent exposure (Kumba). Sets competitive benchmarks for capital intensity, ESG compliance, and operating scale relevant to any Highveld restart.
• Glencore: Global mining and metals trading major with ferrous and battery-metals exposure. Relevant as a potential offtaker, trader, or partner for vanadium and steel output, and as a benchmark for commodity-driven business model economics.

Direct peers

• ArcelorMittal South Africa: The largest steel producer in South Africa, operating flat steel and long steel products from sites such as Vanderbijlpark and Newcastle. Directly comparable to Highveld as a domestic integrated steel competitor exposed to the same SA cost curve, electricity, and end-market dynamics.
• Bushveld Minerals: Primary vanadium producer on the Bushveld Complex in South Africa, with integrated mining and processing of vanadium slag. Direct overlap with Highveld's vanadium slag exposure and the same underlying South African vanadium resource base.
• Columbus Stainless: South African stainless steel producer based in Middelburg, Mpumalanga — geographically adjacent to Highveld. Operates a melt shop and downstream stainless finishing lines, competing for similar South African steel customers and shared regional infrastructure.
• Largo Resources: International vanadium producer operating the Maracás Menchen mine in Brazil with downstream vanadium product output. Closely comparable to Highveld's vanadium slag business in product mix and exposure to vanadium redox battery and specialty steel end-markets.

Emerging players

• Vanadium Resources Limited: Emerging vanadium developer targeting the Steelpoortdrift deposit on South Africa's Bushveld Complex. Overlaps with Highveld's upstream vanadium feedstock strategy and serves the same downstream vanadium product markets.

Regional players

• Scaw Metals: South African steel producer of grinding media, cast products, and high-carbon wire rod (part of the Apex group). Comparable as a domestic integrated steel competitor serving overlapping construction, mining, and industrial customer segments.
• Kumba Iron Ore: South Africa's largest iron ore producer (Sishen, Kolomela) and a major supplier of iron ore feed for steelmaking. Comparable as a domestic iron ore supplier with vertical integration considerations relative to Highveld's upstream mining operations.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/evraz-highveld-steel-and-vanadium

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Evraz Highveld Steel and Vanadium