Scaw CEO attributes R2bn steel mill investment to scrap certainty created by master plan

Scaw Metals CEO Doron Barnes has attributed the company’s recent decision to invest R2-billion in a new hot-strip steel mill, in Gauteng, directly to the steel master plan, which he insists has the potential to revive both upstream and downstream industries. The mill, which will incorporate state-of-the-art technology from Danieli, of Italy, will produce 300 000 t/y of thin gauge hot-rolled coil and introduce a domestic flat steel alternative to ArcelorMittal South Africa (AMSA).

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