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South Africa amends price system for scrap metal to aid industry

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Authorities have amended the pricing system of scrap metal following complaints from the steel and other metal-producing sectors, the trade ministry said.

The ministry had been told by the metal industries that the system was harming their business and constraining their recovery from the effects of the Covid-19 pandemic.

Domestic buyers will also have the right to weigh and inspect the material to"ascertain that material delivered is the same quality, type and weight as agreed to when the offer was made and concluded, and the right to claim reasonable compensation for costs incurred" if that is not the case. "The amendments to the guidelines are intended to improve the domestic consumers' access to affordable scrap metal and address the concerns raised by the industry in the interim period," the ministry said.

 

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Even insentifising the stealing of railway infrastructure now.

The scrap metal industry is finishing the railway line

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