Steel firms fight Amsa’s call to end scrap export tax
30 October 2024 - 05:00
A war is brewing as a coalition of electric steel producers pushes back against calls by ArcelorMittal SA (Amsa) for authorities to discard the export tax on scrap steel.
The companies, which include Scaw Metals, Cape Gate, Veer Steel Mills, Unica Iron and Steel, Force Steel and Coega Steel, on Tuesday warned that scrapping the tax would cripple smaller, more environmentally conscious steel producers, who together account for 75% of SA’s long-steel production capacity...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.