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South Africa Starts Safeguard Probe on Steel Imports

Steel News - Published on Thu, 02 Jul 2020

Image Source: Steel Safeguard South Africa
IOL reported that ArcelorMittal South Africa has approached the International Trade Administration Commission for safeguards on imports of structural steel products amid concerns over poor demand and rising steel imports. ArcelorMittal South Africa spokesperson said that “ArcelorMittal South Africa, in collaboration with Evraz Highveld Steel, has applied for safeguards on structural steel products produced in the Highveld Mill. A safeguard application simply presents the facts and, based on those facts, Itac will decide whether to grant a safeguard and if so, at what level it should be placed.”

The application comes amid global supply and record export volumes by countries that have excess steel capacity.

In response to the application, Itac wrote a letter to the company confirming it had initiated an investigation for remedial action in the form of a safeguard measure for structural steel. Itac said in the letter that all countries that might be impacted by the safeguard had been contacted and requested to provide written comments on the matter.

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Posted By : Yogender Pancholi on Thu, 02 Jul 2020
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