SA’s leading steel producer gears up for carbon-tax battle

Engineering News 4 June 2013.

Steel producer ArcelorMittal South Africa (Mittal) has again warned that the National Treasury’s proposed carbon tax will have a yearly negative financial impact on the company of between R600-million and R650-million. It has also confirmed that it is preparing a detailed response to the National Treasury’s latest policy paper, which will be submitted ahead of the August 2 deadline for written comments…

(Contributor’s note: Of course, if every country says “let’s not be the first” then no one will ever make the move.)

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