Uncompetitive scrap metal prices causing further decline in industry

Uncompetitive scrap metal prices causing further decline in industry

Unless strong action is immediately taken to stem the export of scrap metal and keep it in South Africa at competitive prices, the scrap beneficiating industry will further decline and directly affect the aluminium sector, saysaluminium foundry alloys producer Zimco Aluminium Company (Zimalco) sales and marketing director Bob Stone. “Owing to a high price for scrap metal and closures in the consuming industries, final original-equipment-manufacturer users are importing […]

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