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AMSA insists fair pricing does not equate to no price increases

Steel producer ArcelorMittal South Africa (AMSA) dismissed suggestions again on Wednesday that its deal with government to raise steel import protection in return for fairer pricing – as well as jobs and investment guarantees – precluded it from increasing prices. The JSE-listed company was responding to renewed criticism of the four price increases instituted since the start of 2016. The opposition Democratic Alliance suggested that the increases were evidence that Trade and Industry Minister Dr Rob Davies was allowing AMSA to renege on its pricing commitments.