Should government do more to protect steel giant ArcelorMittal?

Global steel producer ArcelorMittal insists that it needs more protection to ensure that they continue to produce steel locally.

However, the Neasa (National Employers' Association of SA) is against the move and has accused the Department of Trade and Industry of protecting the steel manufacturer.

702's John Robbie spoke to the Chief Financial Officer, Dean Subramanian, to explain the steel company's stance.

He said that South Africa needs to follow international trends that ensure that the industry continues to flourish, highlighting the impact on pricing due to China dumping steel.

Listen to the interview below:

Many countries have done it. We are now seeking a safeguard, and that can range anything between 10% and 20%.

Dean Subramanian, ArcelorMittal CFO (SA)

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