The iron and steel downstream industries say the closure of the Zimbabwe Iron and Steel Company (ZISCO) continue to affect their operations as they are failing to break even due to high cost of the imported raw materials.

Some Small and Medium Enterprises in Magaba area in Mbare said the high cost of raw materials have adversely affected their business operations.

They said the liquidity and economic challenges has resulted in depressed local market which is usually supported by the low income earners.

While focus has been on the laid off employees of ZISCO, nothing much has been said about downstream industries of the iron and steel industry and the value of the sector could have been underestimated.