https://newsletter.en.creamermedia.com
Africa|Automotive|Coal|Construction|Iron Ore|Manufacturing|Mining|Steel|Equipment|Manufacturing |Products
Africa|Automotive|Coal|Construction|Iron Ore|Manufacturing|Mining|Steel|Equipment|Manufacturing |Products
africa|automotive|coal|construction|iron-ore|manufacturing|mining|steel|equipment|manufacturing-industry-term|products

South Africa, facing mill closures, begins steel tariff review

A steel plant operated by AMSA

Photo by Bloomberg

20th March 2025

By: Bloomberg

  

Font size: - +

South Africa, facing the prospect of ArcelorMittal South Africa (AMSA) closing two steel mills crucial to the local manufacturing industry, has begun a review of import tariffs on the metals and is proposing other methods of protecting the industry.

A unit of the country’s Department of Trade, Industry and Competition took a legal step toward raising tariffs by issuing an official request for public comment on potentially raising tariffs on imported steel, and putting in place measures to cut the costs of steel raw materials such as iron ore, scrap and coking coal.

“The South African industry faces numerous challenges, including an influx of low-priced, and often sub-standard, imports,” the International Trade Administration Commission said in the government gazette on Wednesday.

The review comes as the government is locked in talks with the local unit of ArcelorMittal, which has said it plans to close down two mills producing products that are crucial for the local automotive, mining equipment and construction industries. Among its complaints is a flood of cheap imported steel from China.

The unit, known as Itac, also proposed an import surveillance mechanism to curb evasion of import duties and other fraudulent activities related to steel imports. It additionally suggested that the import of some grades of steel would require applications for import permits.

The South African review comes as the administration of US President Donald Trump slaps tariffs on steel and other imports, potentially driving producers of the metal to seek other markets including South Africa.

Edited by Bloomberg

Comments

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

WEG powering Africa today, for tomorrow
WEG powering Africa today, for tomorrow
26th March 2025

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:0.154 0.248s - 171pq - 2rq
Subscribe Now