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ArcelorMittal grim on steel sector's future

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ArcelorMittal grim on steel sector's future
© laurentiu_iordache – [[www.123rf.com 123RF.com]]</span>ArcelorMittal SA CEO Wim De Klerk says if the country's biggest steel maker does not get safeguard protection from the government - in addition to 10% basic tariff protection - from a flood of mainly cheaper Chinese imported steel, the South African steel industry is likely to become extinct.


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