Government called to take the lead in restoring the steel industry

The steel industry is facing multiple challenges that need urgent attention before they become more expensive to fix or potentially irreparable.

Lucio Trentini, CEO of the Steel and Engineering Industries Federation of Southern Africa has attributed the de-industrialisation trajectory in the sector to the lack of a well-considered and all-encompassing metals sector industrial policy. Trentini added that the question is how can the industry improve the cost structures across the value chain to position the South African primary steelmaking in the lowest quartile of the global steel cost curve, increase downstream value addition to claw back on the local market share, and increase value-added exports.

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