Car makers bemoan Arcelormittal closure
from The Weekend View Hosted by SAfm
The announced closure of ArcelorMittal South Africa (AMSA), long steel production from the Newcastle blast furnace could significantly affect the South African automotive sector, a cornerstone of the country's economy. That is according to the National Association of Automotive Component and Allied Manufacturers. NAACAM says AMSA's short-notice announcement that the plant will close at the end of January, risks supply chain disruptions and delocalisation in the short-term and overall sector competitiveness in the medium to long-term. Bongiwe Zwane spoke to Renai Moothilal, Executive Director of the National Association of Automotive Component and Allied Manufacturers (NAACAM).
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