Structural reform, not bailouts, needed for a flourishing steel industry
The steel industry needs predictability, fairness and infrastructure that works
25 May 2025 - 00:00
The Industrial Development Corporation’s R1.2bn support package for ArcelorMittal South Africa (Amsa), aimed at keeping the company’s long steel operations in Newcastle and Vereeniging alive, is not a cause for celebration, but a hard, pragmatic step to prevent economic and social devastation. With thousands of jobs on the line and entire local economies at risk, this intervention was unavoidable...
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