The Weekend View

Car makers bemoan Arcelormittal closure


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The announced closure of ArcelorMittal South Africa (AMSA), long steel production from the Newcastle blast furnace could significantly affect the South African automotive sector, a cornerstone of the country's economy. That is according to the National Association of Automotive Component and Allied Manufacturers. NAACAM says AMSA's short-notice announcement that the plant will close at the end of January, risks supply chain disruptions and delocalisation in the short-term and overall sector competitiveness in the medium to long-term. Bongiwe Zwane spoke to Renai Moothilal, Executive Director of the National Association of Automotive Component and Allied Manufacturers (NAACAM). 

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