With this decision to protect the local industry from imports, developing countries will be exempted from the tariff.
As early as February this year, the South African Iron and Steel Institute (SAISI) filed an application with the South African Customs Union (SACU) on behalf of ArcelorMittal South Africa (AMSA), the largest producer of these products. Following this, the South African Administrative Commission for International Trade launched a protective investigation into hot-rolled steel.
The Commission's investigation covered the period from July 2020 to June 2023. SACU's steel industry was found to be experiencing significant challenges, including a reduction in sales, production volumes, net profits, market share, capacity utilization and employment of the petitioner, AMSA, due to increased imports of related products.
Commission decided to apply special measures in respect of hot rolled products made of iron, unalloyed steel or other alloy steel, excluding stainless steel, classified under tariff clauses 7208.10, 7208.25, 7208.26, 7208.27,8,72, tariff items 08.39, 7208.40, 7208.51, 7208.52, 7208.53, 7208.54, 7208.90, 7211.14, 7225.30, 7225.40, 7225.99 and 7226.99.
Tariffs will also be imposed on product subcategories 7211.13, 7211.19 and 7226.91 to prevent any gaps in imports of hot rolled steel into SACU.
Yorumlar
Henüz yorum yapılmadı