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SA needs more local brands to boost steel sector

According to Mineweb Arcelor Mittal explains terms of agreement with government to save steel sector. 
Governments’ negotiations with Arcelor Mittal South Africa (Amsa) on how to rescue the steel industry stem from the common consensus that steel-making capability in South Africa is necessary to give the country a competitive edge in terms of manufacturing and driving economic growth. This was a theme at a an event about the company’s 2016 factor report on Wednesday, where Amsa chairman Mpho Makwana says that more products needed to be made in South Africa for the industry to have a fighting chance.

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Mittal vs The Downstream; steel industry war

The downstream Steel Industry, under siege for decades, is facing its next huge crisis. For many years, ArcelorMittal South Africa (AMSA), South Africa's dominant liquid steel producer, found the South African steel market to be a favourable playing field. For a long time they could keep their input costs low as a result of a preferential supply agreement for iron ore. However, whilst having this lucrative iron ore deal, AMSA charged the South African downstream industry similar prices to what they (AMSA) obtained on international markets. The downstream industry paid high prices for their steel, whilst AMSA made huge profits.

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