21
Apr
15:00
Covid-19 seen bringing South African steel consolidation, restructuring
The supply-demand imbalance and cash flow issues caused by the Covid-19 pandemic will accelerate the retrenchments or closure of South African steel companies with insufficient capital to survive the crisis. So says economic research organisation Trade & Industrial Policy Strategies (TIPS).
The halting of steel production, even if only for 1-2 months, could see the closure of domestic steel industry input suppliers, such as refractory makers. “Multiple l…
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Anonymous
Very good overview of the weekly steel market.
Anonymous