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NEASA Approaches South African High Court to Prevent More Steel Import Duties

Steel News - Published on Tue, 04 Aug 2020

Image Source: NEASA Import Duty NEASA
National Employers’ Association of South Africa, on behalf of steel downstream companies who will be severely prejudiced by this development, filed an urgent application in the Gauteng High Court to interdict and restrain ITAC from recommending to the Minister of Trade, Industry and Competition that these recommendations be gazetted and enforced upon the industry.

Notwithstanding the steel downstream’s efforts to convince the International Trade Administration Commission to desist, ITAC, very recently, determined that it was necessary to impose 10% import tariffs and custom duties, relating to coated flat-rolled products, in respect of nine new tariff codes.

AMSA has also recently applied for 120% safeguard duties on certain long products as well as for the extension of the safeguard duties of 8% on hot-rolled coil. Should this be granted, hot-rolled coil will carry a total duty of 18%. These attempts by AMSA for more protectionist duties amidst the current severe backlogs, caused by their inability to supply the market, is absurd, to say the least.

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Posted By : Yogender Pancholi on Tue, 04 Aug 2020
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