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 imposes 52.34% safeguard duty on flat steel products

South Africa has imposed a provisional safeguard duty of 52.34% on certain flat steel products to protect its domestic industry from low-priced imports. The measure, effective until January 13, 2026, targets imports from several countries including Türkiye, China, and India. The decision follows an ITAC investigation into the potential harm to local producers.

South Africa imposes 52.34% safeguard duty on flat steel products

On June 27, 2025, the South African government announced the implementation of a provisional safeguard duty of 52.34% on certain flat steel products, aimed at protecting the local steel industry from the impact of low-priced imports. The measure was officially published in the Government Gazette under Section 57A of the Customs and Excise Act of 1964.

According to the published regulation, the duty applies to flat-rolled steel products with a width of 600 mm or more, coated with aluminium-zinc or zinc alloys.

The safeguard measure covers imports from a wide range of countries, including Türkiye, China, India, Brazil, and Vietnam. However, some developing and least developed countries are exempt from the duty.

The South African International Trade Administration Commission (ITAC) stated that the measure was introduced following an investigation that revealed a significant increase in imports posed a serious threat to domestic producers.

The South African Iron and Steel Institute (SAISI) welcomed the decision, emphasizing that such measures are vital to maintaining production capacity, encouraging continued investment, and ensuring the sustainability of employment in the local industry.

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