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
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...
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.