14,375.40 TRY BIST 100 BIST 100
44.89 USD USD USD
6.62 CNY CNY CNY
52.55 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.88 TRY Interest Interest
98.48 USD Fossil Oil Fossil Oil
6.05 USD Copper Copper
113.27 USD Silver Silver
106.97 USD Iron Ore Iron Ore
378.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,887.57 TRY Gold (gr) Gold (gr)
107.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

South Africa considers 10% steel import duty

South Africa’s steel sector faces high energy costs, aging infrastructure, and import pressure. Strategic investments and local manufacturing are seen as critical to boosting production and creating jobs.

 South Africa considers 10% steel import duty

South Africa is considering a 10% import duty on steel products to protect its domestic industry. The country’s trade body, ITAC, released preliminary findings from a review of steel tariffs initiated in March. The review was stated to aim at supporting a sector struggling with high costs, weak domestic demand, and import pressure.

ITAC recommended urgent measures under World Trade Organization (WTO) rules to protect local producers. The rules were noted to allow tariffs to be suspended or withdrawn if imports of certain products increase under conditions that threaten serious harm to domestic manufacturers.

Currently, imports account for approximately 35% of South Africa’s total steel consumption. It was indicated that this poses risks for major producers such as ArcelorMittal South Africa and could affect thousands of jobs.

ITAC Chief Commissioner Ayabonga Cawe highlighted that recent steel import restrictions by the European Union and the United Kingdom have raised concerns about unfair competition and market diversion in South Africa. U.S. tariffs were also stated to add further pressure on the sector.

The commission clarified that no final decision has been made yet and that public feedback will be reviewed. It was reported that over 150 submissions have been received, including requests for higher duties, rebate schemes, and the inclusion of specific products under import controls.

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

WV Stahl criticizes procurement law: Transformation cannot be achieved without concrete criteria

Friday, April 24, 2026

LKAB published first-quarter report for 2026

Friday, April 24, 2026

Decline in Japanese steel production continues

Friday, April 24, 2026

Badische Stahlwerke evaluates 2025 results

Friday, April 24, 2026

ArcelorMittal publishes 2025 Sustainability Report

Friday, April 24, 2026
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