Wednesday 12 August 2015

Otmane El Rhazi : Steel protection cannot lead to price hikes, govt warns

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Department of Trade and Industry (DTI) director-general Lionel October has confirmed that various processes are at an advanced stage to offer greater protection to the domestic primary steel industry, as well as to specify the use of locally produced steel in public infrastructure projects. He stresses, though, that government will not act in a way that undermines the integrity of independent processes, highlighting that it is up to International Trade Administration Commission of South Africa (Itac) to assess the case for raising duties to the 10% bound levels allowed for under South Africa’s World Trade Organisation (WTO) commitments.

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