Pandemic dashes hopes for a domestic steel sector turnaround

The international Covid-19 outbreak, which has disrupted the South African and the global economy, has thrown another “a spanner in the works” for the already embattled domestic steel sector and could seriously hamper, or even prevent, a recovery. The pandemic has already ruined any hopes of a turnaround this year, with industry expectations leaning towards the sector’s sinking further into torrid territory.

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