AMSA clarifies details of safeguard application for structural steel products
ArcelorMittal South Africa (AMSA) on July 1 said it had, in collaboration with Evraz Highveld Steel, applied for safeguards on structural steel products produced at the Highveld Structural Mill, being the only producer of these products in the country.
AMSA emphasised that it haD not approached the International Trade Administration Commission of South Africa (Itac) to ask for safeguards on long steel products in general.
Structural steel products represent only 5% of the long steel products market in South Africa, it noted.
AMSA's comments followed the issue of a statement by the National Employers Association of South Africa (Neasa). AMSA said Neasa's statement was "inaccurate and misleading", pointing out that the joint application had not been for a 120% safeguard duty.
"In fact, the application does not propose any level for the safeguard duty. A safeguard application presents the facts and, based on those facts and after a comprehensive investigation, Itac will decide whether to grant a safeguard and, if so, at what level it should be placed," the steel producer said.
"AMSA remains convinced that safeguards are an essential part of the suite of protection measures that are in place to protect the entire South African steel industry from imports," it added.
It said the global oversupply of steel had been exacerbated by a significant drop in demand due to the Covid-19 pandemic and that protectionist measures taken by other regions, for example the US and European Union, had contributed to more steel being transported over long distances.
This rationale is outlined in detail in Itac’s initiation of the investigation related to the safeguard application, it said.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation