Wednesday 15 July 2015

Otmane El Rhazi : ‘Holistic’ steel solution involves ‘fair pricing’ versus protection trade-off

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

ArcelorMittal South Africa (AMSA) CEO Paul O’Flaherty says he is optimistic that a “holistic” solution will be found by September this year to the sustainability challenges currently being experienced by the domestic steel industry. He confirmed in an interview with Engineering News Online that the industry was seeking greater protection from steel imports, which had risen to historical highs of between 35% and 40%, as well as for regulations stipulating that locally made steel be used in public infrastructure projects. In return, the industry would subject itself to a new “fair” pricing model and would make investment and employment commitments.

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