With steel protection set to widen, focus turns to downstream risks

February 10, 2016

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With confirmation that government and the steel industry are close to finalising a package of measures designed to preserve the future of the embattled primary steel sector, there are concerns that domestic steel consuming industries could be squeezed between tariff-protected domestic steel prices and sustained import competition. In a statement, the Department of Trade and Industry stressed that the “comprehensive package”, which includes additional protection for steel producers, would also be designed to protect downstream users and employment across the value chain.

Category: General