Not started trading under the name. Was sold to Mittal.Today I learned Iscor started trading under the name Mittal Steel since 2005. I'm behind...
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Not started trading under the name. Was sold to Mittal.Today I learned Iscor started trading under the name Mittal Steel since 2005. I'm behind...
The reason most of the steel milling has scaled back is because of cheaper imports (so no premium). Mittal steel produce steel as did Tata steel, but I believe they've sold off their interests in Richards Bay, not sure to whom.Correct.
South Africa exports raw material and then buy back the finished products at a premium.
As idiotic as it gets, but that's ANC.
Please show me just one post where I support the ANC, just one. Even Seriously seems to be smarter than you, offense meant.
Ja,no. You can't have it both ways. This is a direct consequence of the ANCs behaviour.Please show me just one post where I support the ANC, just one. Even Seriously seems to be smarter than you, offense meant.
Go back and read his post.Then how do you reconcile your failure to recognize the difference between joy and affirmation?
Ja,no. You can't have it both ways. This is a direct consequence of the ANCs behaviour.
I didn't get involved in the subject matter as I don't fully comprehend the complete background to it, I'm still reading up on that. I was just surprised that a south african could be happy about something that's damaging the country and could cost us jobs, something that he didn't even deny after I said it just so by the way.
The reason most of the steel milling has scaled back is because of cheaper imports (so no premium). Mittal steel produce steel as did Tata steel, but I believe they've sold off their interests in Richards Bay, not sure to whom.
Sometimes people need to learn the hard way. That's what going to happen if we continue on our current path. Some hard times and a lot of learning opportunities.I didn't get involved in the subject matter as I don't fully comprehend the complete background to it, I'm still reading up on that. I was just surprised that a south african could be happy about something that's damaging the country and could cost us jobs, something that he didn't even deny after I said it just so by the way.
The tarrifs (restrictions) are relatively recent after Mittal lobbied for them to save themselves. Yes Mittal have many issues and aren't what they are from the early days when they didn't have to contend with competition. I think they got exposed when they split up into manufacturing and mining. The former Iscor mining (now Kumba) are still doing well and weathered the resources slump well tooThere are still restrictions to imports, for automotive product less so. Mittal is losing business due to supply and cost issues, they have ridiculous minimum order quantities and very long lead times, also their standard rolling has been limited to a handful of grades for a very long time, special engineering and tool steels are no longer produced point blank, you have to order 50+ tons if you want them to roll it.
The tarrifs (restrictions) are relatively recent after Mittal lobbied for them to save themselves. Yes Mittal have many issues and aren't what they are from the early days when they didn't have to contend with competition. I think they got exposed when they split up into manufacturing and mining. The former Iscor mining (now Kumba) are still doing well and weathered the resources slump well too
Thats the difference in our mindset.. There is no joy at all. Just the reality and dissapointment that the SA leadership is adamant in sinking our ship called the Republic of South Africa with their arrogance, attitude, mentality and stupidity.By all means, I am not arguing(or denying) the cause, I am just astonished at your joy on this. Unbelievable.
I wondered what happened to Iscor. Another giant has fallen.The tarrifs (restrictions) are relatively recent after Mittal lobbied for them to save themselves. Yes Mittal have many issues and aren't what they are from the early days when they didn't have to contend with competition. I think they got exposed when they split up into manufacturing and mining. The former Iscor mining (now Kumba) are still doing well and weathered the resources slump well too
That's normal for them. And just in case you're wondering, Milano is one of them.I didn't get involved in the subject matter as I don't fully comprehend the complete background to it, I'm still reading up on that. I was just surprised that a south african could be happy about something that's damaging the country and could cost us jobs, something that he didn't even deny after I said it just so by the way.
Because it's the ANC's fault apparently. They must go and beg for scraps at the feet of their masters and forgo any independence they have.Why are people upset with the local government when it is the Trump administration that created these tariffs in the first place? Or am I missing something...
Thats the difference in our mindset.. There is no joy at all. Just the reality and dissapointment that the SA leadership is adamant in sinking our ship called the Republic of South Africa with their arrogance, attitude, mentality and stupidity.
I hope you learn to speak Chinese well. Would be helpfull once you take up you position as a puppet servant.
Just remember. Zuma or Malema will probably BEE your chief of staff then.![]()
That's normal for them. And just in case you're wondering, Milano is one of them.
They all love trump too, gives you their actual angle
So you want to buy a product from a business and then you receive shît services and the business owner tell you, you aren't welcome in his business. So you decide to go somewhere else or manufacture your own stuff.Why are people upset with the local government when it is the Trump administration that created these tariffs in the first place? Or am I missing something...
No they must stop begging in china, get home and fix the SOEs so that we can be independent and self-sufficient.Because it's the ANC's fault apparently. They must go and beg for scraps at the feet of their masters and forgo any independence they have.
Well, these kind of "National Security" based tarrifs will just push SA closer to China. That will be the net effect to most African countries. And BS tariffs like this will hasten it.No they must stop begging in china, get home and fix the SOEs so that we can be independent and self-sufficient.