cheap imports
ArcelorMittal calls for protection of downstream industry
ArcelorMittal’s Vanderbijlpark works suffered from an electricity outage and poor quality raw materials, while output from its Saldanha works fell due to planned maintenance during the September quarter. In its production update released on Tuesday, ArcelorMittal called on the government to "protect the downstream industry from cheap imports of finished and semi-finished products that continue to be imported into the country". Flat steel production from the South African operations of the world’s largest steel maker fell 21% in the quarter to 712,000 tonnes from the June quarter, and was 7.8% lower than the matching quarter in 2015. Long steel production was 403,000 tonnes during the September quarter, 3.9% higher than the June quarter but 1.7% down from the previous year. Export steel sales plunged 64% to 136,000 from the previous year, and 38% from the previous quarter.
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