Treasury’s order to buy local steel comes late in the day
The local steel industry has been undercut by an influx of cheap imports from China
In some rare good news for the steel industry, the National Treasury has instructed the government and state-owned enterprises to procure locally produced steel products and components for construction with immediate effect. "This is an important breakthrough for our industry as it recognises the major role played by the steel construction industry in developing the country and achieving job preservation and creation," said Paolo Trinchero, CEO of the Southern African Institute of Steel Construction. The institute, its member companies and the Department of Trade and Industry have been working together to safeguard the local steel industry, which has been undercut by an influx of cheap imports from China. Trinchero said the SAISC needed to work with the DTI to ensure that training and capacity-building programmes were introduced to institutions that led procurement and strategic sourcing. Monitoring and evaluation were necessary. In 2008 Eskom asked the government for the right to i...
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.