South Africa nears decision on steel tariffs amid import influx

SA will feel little impact from China steel pause: Economists - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Economists say the temporary closure of steel mills in Tangshan, one of China’s leading steel production hub, is likely to affect South Africa marginally. The company has been ordered to stop operations, from the 25th of this month. The aim is to ensure clean air ahead of a planned military parade on the third of next month in commemoration of the end of the Second World. The move is expected to remove excess steel from the market and push up st…

South Africa nears decision on steel tariffs amid import influx

By Nqobile Dludla South Africa’s government will release the preliminary findings of its review of steel tariffs next week, moving a step closer to protecting the local industry from increased imports. The review was initiated by the International Trade Administration Commission (ITAC) in March, following a ministerial directive. South Africa’s steel industry faces numerous challenges, including an influx of low-priced imports due to overcapacit…