Posted by roger chen - kaysuns industry limited
According to reports, the pipes and stainless steel pipe supplier and manufacturer 'Robor tube and pipe' in the Western Cape Province, the manufacturer Robor tube and pipe was forced to liquidate, and was blamed for the decline of the South African economy in the past three years.
Robor tube and pipe was once one of the largest steel suppliers in Southern Africa and has a history of 90 years. The company said that the United States imposed new import tariffs on imported steel, damaging Robor tube and pipe's sales of specialty steel pipes to the US oil and gas industry, which was previously a lucrative export market.
At the same time, the government has not been accused of expanding import tariffs and tariff protection to downstream industries, thus causing steel manufacturers to face huge profits when they compete with imported steel products.
South African power company Eskom said in a statement announcing liquidation that the delay in signing a power purchase agreement with independent power producers and the financial difficulties faced by power company Eskom have caused "systemic damage" to the production and revenue of South African steel pipe manufacturing.
Posted by stainless steel tubing supplier KAYSUNS.
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