Good-news, bad-news steel.

Position::Mozambique steel plant, South African steel industry - Brief Article
 
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South Africa's steel industry, already feel-Sing the pinch from sagging world steel prices, is facing another headache from a $lbn steel plant being planned for Mazambique. The plant, on which construction will start early next year, is being built near Maputo by US resources multinational, Enron. The project will produce around 2m tons of steel a year by 2005, at the world's lowest production costs through benefit packages of cheap power, tax holidays and...

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