SA Govt decision, page-6

It is very hard to compete with an athlete on performance enhancing substances and the same for our steel industry to compete when the playing field is not level.  Below is an exert from an article last year from Reuters

"China's central and provincial governments have long fed its state-owned and private firms with a steady dose of subsidies to boost growth, support jobs and create national champions.
Dependence on that support has risen sharply in the past six months as more industries, now struggling with overcapacity and anemic growth, are beginning to buckle under heavy debts.
A fifth of China's 33 listed steel mills received subsidies accounting for more than half of their profits in the first half, with Chongqing Iron and Steel getting the largest handout of 509 million yuan ($82.89 million).
Even with the aid, the firm still reported a loss of 945 million yuan as demand waned and steel prices tumbled.
Larger rival Valin Steel Co Ltd, which swung back into profit in the first half, received nearly 80 million yuan in subsidies - four times its earnings. Without the grant, it would have a loss of 61 million yuan.
Hefty government subsidies have helped companies such as Chongqing Iron and Steel, as well as Hunan Valin and others, post profits in previous years, without which they would have been delisted from the exchange. Chinese bourses delists companies after reporting three consecutive years of losses.

Read more at Reutershttp://www.reuters.com/article/2014/09/19/us-china-economy-steel-idUSKBN0HD2LC20140919#fMZRoRCmcOLpAkY7.99