The International Trade Management Commission (ITAC) of South Africa announced preliminary results of a revision of tariffs for steel, begun in March this year. The commission proposed increasing import duties to protect the South African steel industry from increasing inexpensive imports mainly from China.
Itac previously decided to increase customs duties to some products, such as flat rental, rods, rods, wires, angles and sections that are currently taxed by zero percentage duty. According to the statement, the duties for some pipes will increase to 15 percent from 10 percent.
In addition, the commission noted that the entrance products used in the production of steel, in particular stainless steel, will remain duty -free, while some products, such as a certain coating steel and without coverage, reinforcement, trips and pipes for Infrastructure and water supply will be subject to import control.
