DEFUNCT steel maker Evraz Highveld Steel and Vanadium will try to sell "parts or components" of itself to other entities.This follows the retrenchment of about 1,750 workers last month, the remainder of an original workforce of nearly 2,300 employees.Data show SA’s economic growth will possibly be less than 1% this year, deepening a slump in the mining and manufacturing sectors, which together make up about 20% of the economy. This increases the risk of a ratings downgrade.Stephen Meintjes, an analyst at Momentum SP Reid Securities, said on Friday that although government had agreed to impose duties on steel imports "it seemed to be a case of too little, and too late"."In general … a greater sense of urgency is required in terms of (Finance Minister) Pravin Gordhan’s call for business, labour and government co-operation to avoid a (ratings) downgrade."Paolo Trinchero, CEO of the South African Institute of Steel Construction, said on Friday that the structural steel market was under ...
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