ArcelorMittal puts focus on protection
Steel markets still subdued despite 10% import tariff
ArcelorMittal SA is planning to step up its efforts to protect the local steel industry from cheap Chinese imports. Speaking at the company’s results presentation on Friday, ArcelorMittal SA CEO Wim de Klerk said a concentrated effort by all the stakeholders in the steel industry was needed. "We’ve seen the poultry sector take a collective stand and I believe that is what we should do as well. We will work tirelessly with unions, government and the downstream industry to protect the sector from imports. There will be a big effort and focus on this issue this year," said De Klerk. He said the domestic and export markets in which the company operated continued to be subdued because of import substitution. There is a 10% import tariff on steel. Despite this, 1.2-million tonnes were imported into the country. De Klerk said this reflected the need for safeguard measures for primary steel manufacturers to address the surge in imports. Concerning the rehabilitation of the Thabazimbi mine i...
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