Wednesday, 1 May 2013

Zimbabwe’s steel industry facing collapse


Zimbabwe's steel industry has been dealt a serious blow after the closure of 17 companies in the last year, with the worsening investment climate said to be further straining the situation. According to Engineering Iron and Steel Association President, Callisto Jokonya, companies are forced to import steel from neighbouring countries. He was quoted by the Sunday Mail as saying that "conditions are very difficult as 17 companies have closed shop, which is a cause for concern, but government has failed to give attention."

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