Amsa reviews captive iron mining strategy as domestic steel demand slows

Feb 10, 2014 | 08:25 AM |

The review comes against the backdrop of two events, the company said. Firstly, domestic steel demand growth has been somewhat subdued, causing Amsa to do “some recalibration” of its long-term steel plant output that was to ramp up to 10 million tpy, Nyembezi-Heita said during a presentation of the company’s 2013 results. “The mining strategy was designed at a time when we thought there was growth in the domestic market,” she said. “We thought we....

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