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Steel industry fears Amsa could become another SOE under IDC ownership | Mukoko News

HomebusinessSteel industry fears Amsa could become another SOE under IDC ownership

business1 min readBy Ciaran Ryan

Steel industry fears Amsa could become another SOE under IDC ownership

By Ciaran Ryan·November 10, 2026·South Africa

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The steel industry is concerned that Amsa might become another state-owned enterprise under IDC ownership, which could lead to higher steel prices for domestic customers.

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Its survival may depend on even more protective measures than those already in place, meaning higher steel prices for domestic customers.

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companies-and-deals amsa arcelormittal-sa gerhard-papenfus idc neasa

About this article

Length: 21 words · 1 min read
Published: November 10, 2026
Byline: Ciaran Ryan
Source: Moneyweb