Otmane El Rhazi : S Africa's trade Minister imposes steel tariffs with conditions

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

South Africa will introduce a new 10% customs duty on certain steel products, Trade and Industry Minister Dr Rob Davies said on Friday, aimed at protecting the local manufacturing industry from cheaper Chinese steel imports. Following complaints from ArcelorMittal and SAFAL Steel, Davies approved recommendations from the International Trade Administration Commission of South Africa (Itac) that the rate of customs duty on zinc-coated/galvanised steel, aluminium-zinc coated steel and colour coated steel be increased from free of duty to 10%.