10,591.98 TRY BIST 100 BIST 100
5.66 CNY CNY CNY
47.45 EUR EUR EUR
40.44 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
40.67 TRY Interest Interest
68.74 USD Fossil Oil Fossil Oil
50.70 USD Silver Silver
5.92 USD Copper Copper
105.26 USD Iron Ore Iron Ore
328.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,396.93 TRY Gold (gr) Gold (gr)

South Africa implements safeguard duty on flat steel products

South African Iron and Steel Institute (SAISI) has expressed its support for the provisional safeguard duty on flat-rolled steel products.

South Africa implements safeguard duty on flat steel products

The government has taken a significant step to protect local producers against low-priced imports. The provisional safeguard duty, which came into effect on June 27, 2025, specifically targets aluminum-zinc and zinc-coated flat-rolled products widely used in the construction industry.

A critical move for the domestic steel sector

Facing challenges from rising low-cost imports, South Africa’s steel manufacturers aim to strengthen their competitiveness through this regulation. The duty, set at 52.34%, is regarded as a crucial measure to safeguard production capacity and support employment within the sector.

SAISI’s support and emphasis on collaboration

The South African Iron and Steel Institute (SAISI) has welcomed the government’s decision and reaffirmed its commitment to ongoing collaboration with both public and private stakeholders to enhance the resilience of the steel industry. The institute highlighted that this measure will contribute to the long-term strengthening of the domestic steel sector.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Fortescue achieved record iron ore shipments in the first half of the year

Thursday, July 24, 2025

ADF Group signs USD 200 million steel deal for energy project in Quebec

Thursday, July 24, 2025

Calix receives AUD 44.9 million grant from ARENA for green steel plant

Thursday, July 24, 2025

The EU and the US are close to reaching a new trade agreement that includes a 15% customs duty

Thursday, July 24, 2025

Global crude steel production decreased by 5.8% in June

Wednesday, July 23, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now