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Wire Industry Challenges Internal - Local cost of raw materials increased since duty protection granted to primary steel producers. - Production, labour, energy, distribution increases. - Weak domestic demand from construction, agriculture, mining and manufacturing. - Major job losses in steel and wire sectors. -Volatile Currency. - Duty applications costly and lengthy, Rigid Rules – no short cuts. - No increase in DTI funding for 9 years ( promised increase not likely to happen) External
- Low cost imports - Current tariffs ineffective / too low. -Duty circumventions - tariff manipulations, under-invoicing. - No duty protection from EU imports. - Aggressive competition from Asia, Turkey into world markets. - Imposition of 25% duty on steel (wire ) imports to USA. -Trade conflicts between major global trading partners.
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The South African Steel and Metal Fabrication Master Plan 1.0
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