Export control policy worries scrap metal industry 11/09/13

11 September 2013|In News and Media

A Business Day report says the Competition Commission has received a range of complaints over the policy directive initiated by the Department of Economic Development to reverse de-industrialisation in the metals beneficiation and fabrication industries.

'The commission this week confirmed complaints from two scrap metal associations and a query from steel products manufacturer, Scaw Metals, over the anti-competitive effects of the export control guidelines that will be administered by the International Trade Administration Commission. The policy will allow local buyers of scrap metal, such as foundries, mills and secondary scrap processors, to buy scrap at a preferential rate of 20% below the international spot price that SA exporters can get for ferrous and nonferrous waste metal. According to the report, Trudi Makhaya, deputy-commissioner at the Competition Commission, said the Recycling Association of SA and the Metal Recyclers Association complained that the export control policy would lead to unequal access to export markets. ' '

Business Day


No comments yet.

Leave a Comment