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Cold rolled steel imports hurting South African steel industry- The 18th China(Guangzhou) Int’l Plate metal, Bar, Wire, Metal Processing &Setting Equipment Exhibition
11/9/2016 plate metal expo-wire expo |
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Reuters reported that the International Trade Administration Commission of South Africa’s initial findings showed that imports of cold-rolled steel products, particularly from China, are hurting South African producers potentially paving the way for additional import duties.
ITAC said in its report released on Monday that the steel sector had suffered serious injury as sales and output volumes dwindled and market share declined after a surge in steel imports. But it did not impose provisional measures as it took into account the possible positive effect of the tariff increase introduced in August last year.
ITAC had launched an investigation in July into whether to impose safeguard duties on imports of cold-rolled steel from a number of countries including China, at the request of steel maker ArcelorMittal South Africa
-- The 18th China(Guangzhou) Int’l Plate
metal, Bar, Wire, Metal Processing &Setting Equipment Exhibition
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