Steel master plan protects ArcelorMittal as a monopoly
The government’s protection of ArcelorMittal, regardless of the devastating effect it has downstream, remains a mystery
17 March 2020 - 14:10
During his state of the nation address earlier in the year, President Cyril Ramaphosa referred to a steel master plan to save the steel industry from its rapid decline. However, if this proposed master plan is implemented it will greatly accelerate the de-industrialisation the steel industry is already experiencing.
The unintended consequences will be immense, achieving exactly the opposite of what the president may have in mind...
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