Shares in International Ferro Metals have been beaten up over the last two years, but the firm believes it has the basis to support "a turnaround story".
The weaker rand is giving Merafe Resources some respite from the distressed ferrochrome market, analysts say, while the company has also secured debt to finance the Lion expansion project.
ArcelorMittal SA says it will leave prices for its products flat this month, but raise some of them in June.
Ambitions to diversify into iron ore production have been dealt a hefty blow after failure to sign a port and infrastructure deal with the Republic of Congo government.
Kumba Iron Ore has reported a production increase of 4%, aided by the first contribution of the newly commissioned Kolomela mine.
Rio Tinto raises iron ore output forecast after a 39 percent jump in first-quarter production.
A consultant for Kumba says lower steel prices will have no significant effect on manufacturing in SA, refuting claims by the trade and industry department.
Resources giant Rio Tinto has wrapped up the divestment of its Alcan Packaging business with the completion of sales of its two outstanding assets.
Kumba Iron Ore says it expects a rise in first-half earnings, lifted by higher iron ore export prices.
South Africa's Merafe Resources has enough ore sources to mitigate the impact of a government order preventing Lonmin from selling any associated minerals.