Steel producer ArcelorMittal South Africa (AMSA) is optimistic that Eskom, with the support of the energy regulatory, could extend pricing incentives to it and other energy-intensive businesses in light of its surplus position and government’s appeal for interventions to reignite growth in the economy. CEO Wim de Klerk reports that the group initiated discussions on the issue of a more competitive tariffs for its power-heavy Saldanha Steel mill during 2016, when Eskom began signalling that the electricity market was beginning to transition from deficit to surplus.
