Business Day

Drop import duty on steel

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It is high time the government rescinded the 10% duty on imported steel. Despite the duty, Mittal has increased its selling prices with monotonous regularity. That was not the deal!

Local manufactur­ers battle for survival against imports of manufactur­ed components that come into SA with no duties. This has the net effect of exporting jobs. Lakshmi Mittal is one of the wealthiest people and does not need our protection. How many billions has he exported? How much has he invested in making his SA company price and quality competitiv­e?

Either imports of manufactur­ed steel components get slapped with an import duty or the duty on imports of steel must get scrapped.

Manfred Rusch Cape Town

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