Breaking News

India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis

South Africa Moves to Curb Steel Imports With New Duty Proposal

144750_1755761943_small.png
Africa 21 Aug 2025 01:09 PM IST Reuters

South Africa Moves to Curb Steel Imports With New Duty Proposal

South Africa’s International Trade Administration Commission (ITAC) has recommended the introduction of import duties on several steel products to shield the domestic industry from surging foreign competition.

The proposal includes duties of 10% on flat-rolled steel, bars, rods, and wires, and up to 15% on specific items like tubes, pipes, and nails. The move follows a sharp rise in steel imports particularly from China which now make up about 35% of South Africa’s domestic consumption.

ITAC described the situation as an “unprecedented emergency,” highlighting the strain on local producers such as ArcelorMittal South Africa. The industry is facing weakening demand, rising input costs, and the risk of job losses, prompting calls for urgent action under World Trade Organization rules.

A two-week public consultation is now open, during which over 150 submissions have already been received. These include requests for tariff increases, rebates, and targeted controls on imported steel products.

If approved, the duties aim to stabilize the market and support South Africa’s struggling steel sector.