Protectionist duties favour ArcelorMittal - NEASA

Neasa says political interference has ensured that steel maker, ArcelorMittal, is guaranteed protectionist duties.

Gerhard Papenfus, Neasa chief executive, said there is a 10 percent duty currently on steel imports but ArcelorMittal is looking for 30 percent, which is under consideration.

Lakshmi Mittal met with (President) Zuma last year and everything changed...

Gerhard Papenfus, Neasa

They (ArcelorMittal) now have protection and are making billions. South African producers pay very high prices when world prices have dropped, but ArcelorMittal is asking for higher prices.

Gerhard Papenfus, Neasa

Papenfus told John Robbie that Minister Rob Davies used to be negative towards the ArcelorMittal proposed increases but that changed after Mittal's meeting with Zuma. Listen here:


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