https://newsletter.en.creamermedia.com
Africa|Construction|Energy|Engineering|Fabrication|Infrastructure|Mining|rail|Renewable Energy|Renewable-Energy|Services|Steel|Products|Infrastructure
Africa|Construction|Energy|Engineering|Fabrication|Infrastructure|Mining|rail|Renewable Energy|Renewable-Energy|Services|Steel|Products|Infrastructure
africa|construction|energy|engineering|fabrication|infrastructure|mining|rail|renewable-energy|renewable-energy-company|services|steel|products|infrastructure

Itac gets Sars to provisionally implement 52.81% duties on imported Chinese structural steel

2nd December 2024

By: Darren Parker

Creamer Media Senior Contributing Editor Online

     

Font size: - +

Pending the outcome of an investigation by the International Trade Administration Commission of South Africa (Itac) into the alleged dumping of structural steel products imported from China and Thailand into South Africa, South African Revenue Services (Sars) Commissioner Edward Kieswetter has imposed provisional duties of 52.81% against the value of imports of structural steel products from China, and 9.12% against imports of structural steel products from Thailand.

Sars imposed the provisional duties upon Itac’s request on November 29. They will expire on May 28 next year.

This comes on the back of an Itac investigation that was initiated on September 20 into the alleged dumping of structural steel products imported from China and Thailand.

Structural steel products are an intermediary product in the fabrication, construction and mining industries and are used in the rail, renewable energy, primary energy, infrastructure development and general engineering sectors. The products are used to build a steel structure for warehouses and buildings.

Itac was asked to initiate the investigation by ArcelorMittal Rails and Structures – the only producer of structural steel products in the Southern African Customs Union (Sacu).

The investigation was initiated after Itac considered that, based on initial evidence, structural steel products were indeed being imported into the Sacu market at dumped prices, causing material injury to Sacu.

After considering all the facts available before it, Itac made a preliminary determination that dumping of structural steel products was indeed taking place and that this was causally linked to the Sacu industry experiencing material injury.

This led Itac to determine that there were critical circumstances where a delay would cause further material injury to the Sacu industry. Itac, therefore, decided that provisional measures needed to be imposed for six months pending the finalisation of the investigation.

The investigation is currently ongoing and Itac is awaiting comments from interested parties on its preliminary report. The investigation is expected to be completed by May next year.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 

Latest News

Zimbabwe invites power-storage bids to ease supply crisis
Zimbabwe invites power-storage bids to ease supply crisis
Updated 1 hour 22 minutes ago By: Bloomberg
Transnet half-year loss widens to R2.2bn
Transnet half-year loss widens to R2.2bn
Updated 2 hours 14 minutes ago By: Reuters

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Victaulic
Victaulic

Since 1919, Victaulic’s innovative solutions and design services continue to increase construction productivity and reduce risk, ensuring projects...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:4.525 4.619s - 185pq - 2rq
Subscribe Now