Amsa seeks safeguards on steel imports amid demand concerns
2020-07-02 10:10:19 [Print]
ArcelorMittal South Africa (Amsa) has approached the International Trade Administration Commission (Itac) for safeguards on imports of structural steel products amid concerns over poor demand and rising steel imports.
An Amsa spokesperson said that the safeguards would not only apply to the company, but to the entire local steel industry.
"Amsa, in collaboration with Evraz Highveld Steel, has applied for safeguards on structural steel products produced in the Highveld Mill," said the spokesperson, adding that the company had not indicated any level for the safeguard duty.
The application comes amid global supply and record export volumes by countries that have excess steel capacity.
In response to the application, Itac wrote a letter to the company on June 22 confirming it had initiated an investigation for remedial action in the form of a safeguard measure for structural steel. Itac said in the letter that all countries that might be impacted by the safeguard had been contacted and requested to provide written comments on the matter.
An Amsa spokesperson said that the safeguards would not only apply to the company, but to the entire local steel industry.
"Amsa, in collaboration with Evraz Highveld Steel, has applied for safeguards on structural steel products produced in the Highveld Mill," said the spokesperson, adding that the company had not indicated any level for the safeguard duty.
The application comes amid global supply and record export volumes by countries that have excess steel capacity.
In response to the application, Itac wrote a letter to the company on June 22 confirming it had initiated an investigation for remedial action in the form of a safeguard measure for structural steel. Itac said in the letter that all countries that might be impacted by the safeguard had been contacted and requested to provide written comments on the matter.