South Africa’s scrap policy hurts steel output and economic growth
Government efforts to boost local steel production have distorted prices, reduced supply and weakened the broader economy
10 April 2025 - 05:00
The government’s industrial policy interventions in the steel market, and particularly the scrap metal market, may have had noble intentions, but they resulted in unintended and even unfavourable consequences.
The noble intention was to ensure sufficient and affordable scrap metal for local steel manufacturers such as ArcelorMittal South Africa (Amsa) and the growing number of mini-mills...
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