However, Bernard Maguire, executive member of the Metal Recyclers Association of South Africa (MRA), said on Wednesday he believes the Treasury was not in favour of the government imposing a surcharge on scrap metal exports.
While the Department of Trade and Industry this month said a "developmental steel price" was a "significant lever" to attract foreign direct investment into strategic manufacturing sectors in the country, the Treasury's stance - that export taxes could have "negative economic impacts" - may complicate this process, BDLive says.
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