Shutdown of two steel mills posing serious threat to South African carmakers

[Daniel Puchert]

Dark clouds over South African carmakers — with bad news for prices

South African motorists hoping to buy locally made models may want to consider buying soon before the price of their desired set of wheels surges.

The impending shutdowns of ArcelorMittal's Vereeniging and Newcastle long steel mills are expected to not only have a devasting impact on direct jobs but also cause major supply chain disruptions for automotive manufacturers.

 

[MachoPants]

Cards are falling, it's not going to a pretty picture

 

[Smiggles]

We've moved on to Chinese cars.

 

[Jam Sandwich]

Bummer for them...

 

[FiestaST]

More dark clouds kark

 

[B-1]

They supply a lot more than the auto manufacturing sector. Soon we will get world class steel with the strength of 2 marshmallows from China as our only option.

 

[Jam Sandwich]

They supply a lot more than the auto manufacturing sector. Soon we will get world class steel with the strength of 2 marshmallows from China as our only option.

But you can repair it with 2 minute noodles. How convenient..

 

[Rickster]

Less power usage on the grid, nice.

 

[Sarg3_ZN]

Have they tried adding more BBBEE?

 

[Werner1975]

I feel sorry for all those people who are going to lose their jobs.

 

[Lupus]

Less power usage on the grid, nice.

Nah someone will say its all that solar bringing down demand.

 

[hj007]

Why did Arcellor Mittal not make a profit if they were buying their steel from them? Also import-parity pricing means that the steel should still be the same price for the manufacturer for that quality? This doesn't make any sense.

 

[Petec]

Fsking Jan van Riebeek designing VW's to use so much steel!

 

[jambai]

And we don’t need the USA or agoa as we have excess jobs - so nothing to worry about there

 

[ShaunSA]

Oh no we're all gona have to walk!

 

[Sworaxe]

And before that the metal processing and treatment plants closed. Can no longer get steel treatments like TD coating locally. All the plants that did it closed. Gov does nothing to support local industries. Always looking at private industry with disdain when they complain.

 

[Bad Ballie]

I see Toyota, VW and BMW closing shop locally, they no longer have any incentive to remain in the country, cheaper to be where the steel is in the long run. Boy have the ANC killed any hope this country may have had of any sort of recovery.

 

[akescpt]

ffs...why does it feel like the car industry was under attack last week also...