JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
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.
Also Read : KoBold Metals strikes copper motherlode in Zambia Oil prices rise slightly due to small steps forward in Gaza