The loss of long steel production at ArcelorMittal SA’s (Amsa’s) Newcastle plant could cost up to 16,000 jobs in the local automotive components industry, slash vehicle exports and wreck plans to localise the industry.
This is the stark warning from Renai Moothilal, CEO of the National Association of Automotive Component and Allied Manufacturers (Naacam). Business Day TV caught up with Moothilal to discuss this further.
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