STEEL INDUSTRY: The effect of the toxic combination of IMPORT DUTIES and AMSA's INABILITY TO SUPPLY

The effect of the toxic combination of

IMPORT DUTIES
and
AMSA’s INABILITY TO SUPPLY

More business responses

• The steel shortage has greatly impacted the delivery time of an export we currently are working on as well as other odd jobs that have come in.

        We have also had to put staff on short time.

• We can not deliver orders on hand due to shortages, as well as exorbitantly high prices of available material. Our input costs are out of control and we find it impossible to make a profit in spite of reducing staff and overheads by 30% over the last 5 months.

        I think we will see more and more downstream businesses closing first quarter next            year. This shortages/import duties combined with a very low demand for local projects has            cast the industry into a destructive downward spiral.

• We need to build more sheds to store our crops but we have no steel available.

• It is bringing our building projects to a complete standstill. We cannot pay wages and need to retrench our workforce.

• Our business has been affected severely. After the lockdown, we had to pick up production, but we have NO steel to do so.

How is AMSA’s inability to supply the market affecting your business?
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Regards

We are all in this together.
Privileged and challenged to be South African.