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Open letter: The Steel Industry Downstream Has Had Enough

Posted in: MEIBC
Comments: 0
Date Added: 2016/09/26

STEEL INDUSTRY

THE STEEL INDUSTRY DOWNSTREAM
HAS HAD ENOUGH

Open letter by Gerhard Papenfus to the Minister of Trade and Industry

 

In this open letter, the following issues are dealt with:

  • The South African Steel Industry’s 35 years of decline

  • The 10 percent customs duties already severely prejudices the downstream industry

  • There is no downstream support for the protectionist measures

  • Does South Africa really need AMSA?

  • The threat of job losses by AMSA

  • The South African steel downstream demands untaxed access to more affordable imported steel

  • South Africa has to find an alternative model

  • AMSA's promise to upgrade its facilities does not benefit the steel downstream

  • A leopard cannot change its spots – AMSA cannot be trusted

  • A string of detrimental deals already entered into

  • Downstream frustration will destabilise the Steel Industry

  • Request for high level meeting between the steel downstream and government


To read the full letter, please click here.

Kind regards
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