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Scrap steel import tariffs in South Africa - Neasa to ITAC--The 18th China(Guangzhou ) Int’l Casting product Exhibition
8/31/2016 铸件展-铸件展会-casting expo |
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South African IOL reported that the National Employers’ Association of South Africa plans to submit reasons why steel import tariffs should be scrapped at a hearing before the Industrial Trade Commission of South Africa. The public hearings are aimed at investigating whether import tariffs on flat hot-rolled steel products would be in the public interest.
This as major steel producers were granted import tariffs of up to 10 percent on steel on primary steel products, after being rocked by the influx of cheap Chinese steel and low prices, with steel producer Evraz Highveld Steel and Vanadium having gone out of business.
However industry body, Neasa, which represents 2 500 small businesses in the sector, is opposed to the duty. It also wants Itac to turn down the application by South Africa’s biggest and sole steel producer, ArcelorMittal South Africa, for an additional 30 percent safeguard duty on imports.
Neasa chief executive, Gerhard Papenfus, blamed Amsa for failing to upgrade their outdated plants and instead convinced government to introduce the tariffs when Chinese steel was preferred by the steel industry. He said “The 10 percent customs duty which was introduced last year already serves as a slow poison. It prevents the downstream industry from being able to defend its market share against cheaper imports of finished products.”
He said Neasa wanted all tariffs to be scrapped and the industry to adapt to a new reality of China as the new steel reality. He said “Protectionist measures are, at most, a temporary solution, delaying the inevitable.”
-The
18th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
-The 18th China(Guangzhou ) Int’l Casting
product Exhibition
-The 18th China(Guangzhou ) Int’l Casting
product Exhibition
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