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USA Steel And Aluminium Tariffs Hurt South African Manufacturers - Solidarity

Metal News - Published on Mon, 24 Jun 2019

Image Source: Solidariteit
Solidarity said that South African exporters of steel and aluminium products are under severe pressure after the USA recently granted Canada and Mexico exemption from steel and aluminium tariffs. According to Solidarity Deputy General Secretary Mr Marius Croucamp, this exemption has resulted in cheaper prices for Canadian and Mexican steel and aluminium compared to the South African price for steel. In May 2019, the USA lifted the 25% tariff on steel and the 10% tariff on aluminium for Canada and Mexico.

Mr Croucamp added that South African manufacturers, among them Duferco, Cisco, Columbus Stainless, South 32 and ArcelorMittal, which exports steel to the USA, are under immense pressure. He said that “These manufacturers find themselves in a dire situation because exports to the USA are rapidly drying up. Factories have already started retrenching and it is possible that factories may close down.”

Mr Croucamp argued that the lifting of the tariffs were a further setback for the struggling South African industry, which is already burdened by the increase in Eskom’s electricity tariffs and the carbon tax imposed by government.

At the beginning of June 2019, Solidarity requested Trade and Industry Minister Ebrahim Patel to set up a meeting with major role players in the South African steel industry in order to discuss issues.

According to Mr Croucamp, Solidarity also supports the request to the minister by local manufacturers to urgently discuss the impact of the USA tariffs. He said that “Our focus is on saving the industry from collapse and on reducing job losses. Issues need to be addressed quickly and with sincerity so that solutions can be found.”

Source :

Posted By : Ratan Singh on Mon, 24 Jun 2019
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