Stop protecting one firm at the expense of steel sector, govt warned

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Stop protecting one firm at the expense of steel sector, govt warned

ArcellorMittal's steel plant in Saldanha. Picture: Twitter

Proposed duty hikes that Amsa wanted implemented to counter external competition, could kill business for other manufacturers.

The government has been warned to stop protecting one steel industry player, ArcellorMittal SA (Amsa) at the expense of the entire sector, by imposing import dues that favour the loss-making steel giant. The sector was concerned that the government, through Minister of Trade and Industry Ebrahim Patel’s job-saving plan for Amsa, could be protecting the loss-making firm at the expense of other important players downstream. The firms fear that the proposed duty hikes that Amsa wanted implemented to counter external competition, were killing the business for other manufacturers that provided far more jobs. Gerhard Papenfus, chief executive of the National...



 


 

 

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