solidariteitMail & Guardian writes that the domestic steel industry is bleeding and stakeholders fear its death unless emergency protections are introduced soon.  

The steel industry and labour unions are growing impatient with the slow moves by trade authorities to protect domestic steel production by imposing tariffs on cheap imports, although analysts warn that decisions cannot be taken lightly or rashly.  “We need to pull it together or we will lose our local steel manufacturing capacity.  We could lose it all by the end of the year, and it will take us 10 years to get it all back.  Once we have lost the primary industry then everybody is in trouble,” said trade union Solidarity’s Marius Croucamp.  He warned that ArcelorMittal could soon follow in the footsteps of Evraz Highveld, which in February closed its doors following a failed attempt at business rescue.  Almost 2,200 employees were sent home without retrenchment packages.  Croucamp says that the process to get adequate protections in place is onerous and requires several government departments to work together, but he is not convinced they have a sense of urgency.


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