Botswana�s annual steel import bill at P775m

Wednesday, October 21, 2015

Pula Steel and government officials at the launch of the plant

SELEBI-PHIKWE: Botswana steel import bill stands at P775 million annually but the establishment of the Pula Steel Manufacturing and Casting Plant will reduce the need to buy from outside, Vice President Mokgweetsi Masisi has said.

Officially launching the factory here yesterday, Masisi said local steel demand last year was met primarily by South Africa and China.

He said steel was a basic commodity required by any developing economy for infrastructural developments, mines and construction. According to international trade statistics, SADC imported P36 billion worth of steel in 2014 and the local demand amounted to P775 million.

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Botswana�s annual steel import bill at P775m

SELEBI-PHIKWE: Botswana steel import bill stands at P775 million annually but the establishment of the Pula Steel Manufacturing and Casting Plant will reduce the need to buy from outside, Vice President Mokgweetsi Masisi has said.