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The International Trade Administration Commission has gazetted proposed customs duty increases to World Trade Organisation bound rates, rebate provisions and an import-permit system to counter what chief commissioner Ayabonga Cawe calls an "emergency situation" of global overcapacity and cheap Chinese and Indian imports. South African crude steel output has roughly halved since 2005, with basic iron and steel jobs down from over 50 000 in 2009 to under 25 000 by end-2025; Parliament's trade portfolio committee is pushing for a State-led revival strategy, including localisation, procurement rules and electricity and rail-freight fixes.
Domestic mills squeezed by import surge and weak demandSouth Africa's crude steel output slumped to 4.5-million tonnes in 2025, with imports up 11.8% in January 2026 and long product imports up 151%, according to Elco Steel director Franco D'Arrigo, who says tariffs are needed to force local sourcing while flat construction and manufacturing investment continues to depress demand. The South African Iron and Steel Institute warns the decline is now structural rather than cyclical.
EU tightens import quotas as green steel rollout stallsThe European Commission has cut annual duty-free steel import quotas by 47% to 18.3-million tonnes and introduced a 50% out-of-quota duty on 26 product categories to shield its industry from overcapacity. Separately, the World Steel Association warns half of planned green-steel projects face delays, with governments committing only $20-billion of the $1.5-trillion needed, leaving the sector on track for just 70-million tonnes a year of green steel by 2030 against about two-billion tonnes of total output.
Steel Updates
Steel and Engineering Industries Federation of Southern Africa (Seifsa) president Mervyn Naidoo has called on government to urgently close the prevailing gap between its stated commitment to...
Several Latin American countries said on Tuesday they are working to prevent the import of goods produced with forced labor, urging the Trump administration to exempt them from proposed new US...
In this article, South African Iron and Steel Institute secretary general Charles Dednam writes that South Africa must look beyond only the volumes of steel being imported into the country and...
The World Steel Association has warned that about half of the world's planned green-steel projects have been delayed, while governments have committed just $20-billion of the $1.5-trillion needed...
South Africa’s steel industry is facing an “emergency situation” driven by global overcapacity, surging low-cost imports and collapsing domestic production, which has led to government and...
Global overcapacity and price concerns are rattling South Africa’s steel sector, as flat domestic demand on stalled construction investment and a structural surge in cheap steel imports erode local...
The European Commission unveiled quotas under the new system to limit duty-free steel imports into the European Union, in a move designed to protect the bloc's steel sector and increase its...
Market research and analysis company BMI has lowered its 2026 forecast for the global steel price slightly to $620/t, down from $625/t in its previous forecast, owing to weaker expected steel...
Iron-ore prices fell on Friday and were headed for a seventh straight weekly loss, weighed down by swelling portside inventory and faltering steel consumption in top consumer China, as well as...
The South African steel industry – encompassing the full value chain, from upstream producers to downstream manufacturers and fabricators – has been described as being at a deindustrialisation...
Electricity and Energy Minister Dr Kgosientsho Ramokgopa has indicated that he intends approaching Cabinet in the coming weeks to seek approval to extend concessional electricity tariffs similar to...
Global diversified miner Vedanta Group has passed a defining milestone in Indian corporate history with the successful listing of four newly demerged companies on the Bombay Stock Exchange and...
Steel and Engineering Industries Federation of Southern Africa (Seifsa) president Mervyn Naidoo has called on government to urgently close the prevailing gap between its stated commitment to...
Iron-ore prices extended declines on Tuesday to hit a nearly four-month low, weighed down by prospects of rising shipments from major suppliers in the run-up to the end of the second quarter and...
India has swung to buying Russian crude oil and coal to bolster its energy supplies after flows were disrupted and prices rose during the Iran conflict. The world's third-largest oil importer is...
Industry organisations the Recycling Association of South Africa (Rasa) and the Metal Recylers Association (MRA) have called on Trade, Industry, and Competition Minister Parks Tau, the...
China's coking coal futures prices extended their decline on Monday, weighed down by prospects of rising supply amid continued production resumption after a deadly mine accident in coal-rich Shanxi...
Industry association the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has welcomed the recent launch by the Department of Trade, Industry and Competition (dtic) of South...
China's imports of coking coal, a steelmaking ingredient, are set to rise further this year after a fatal mine accident reduced domestic supply, traders said. Chinese importers have turned to...
The gap in local supply of lighter long steel products, following the closure of steel producer ArcelorMittal South Africa’s Newcastle Works in November last year, compounded by tariffs, has...
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