Friday 13 February 2015

Otmane El Rhazi : AMSA in formal talks with government on new steel pricing model

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



Steel producer ArcelorMittal South Africa (AMSA) has set up four bilateral working groups with various government departments and State entities in a bid to deal decisively with what current CEO Paul O’Flaherty describes as debilitating “legacy issues”, including the highly contentious issue of domestic steel pricing. The regular meetings, chaired by O’Flaherty personally, were being conducted with officials from the Department of Trade and Industry, the Economic Development Department, the Industrial Development Corporation (IDC) and the Competition Commission and cover various themes with the intention of resolving a range of disputes over a three- to six-month horizon.

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