SA’s largest steel producer, ArcelorMittal SA (Amsa), came out strongly against the proposed export tax on scrap metal on Wednesday though other sectors of the industry support the measure.

Treasury has proposed an export tax of R1,000 per tonne of scrap ferrous metals which Scaw Metals CEO Doron Barnes told MPs Wednesday was needed if the steel industry was to survive.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now