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RSS FeedsUrgent probe launched into supply of scrap to metals industry amid Covid-19
(WorldNews Africa)


4 july 2020 11:13:59

Urgent probe launched into supply of scrap to metals industry amid Covid-19
(WorldNews Africa)

Pretoria – The International Trade Administration Commission of South Africa (ITAC) is to urgently investigate measures to help support the metals industry which, as a result of the coronavirus (Covid-19) pandemic, faces several serious problems due to increased global demand for raw materials and a significant price increase for all main inputs into the sector, the Trade, Industry, and Competition Department (dtic) said. The downturn in global manufacturing resulting from Covid-19 had led to the amount of scrap metal available locally and internationally being dramatically reduced and, as a result, prices had increased sharply, the department said in a statement. `Scrap metal is an...

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