News Formal

Government called to take the lead in restoring the steel industry

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 75%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The DTIC has requested the industry to make submissions on defining the problems they have.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Government, business pledge to combat construction mafiaThe Durban Declaration outlines concrete interventions to be taken to over the next 12 months
Source: mailandguardian - 🏆 2. / 92 Read more »