South Africa launches safeguard investigation on corrosion-resistant steel coil
*Publish date: 03 February 2025 at 17:00
Source: World Trade Organization
The South African government has launched a safeguard investigation on imports of cold-rolled stainless steel coil, the World Trade Organization (WTO) said on Friday.
The investigation follows a request from the South African Iron and Steel Institute (SAISI), which represents domestic producers of steel.
SAISI has alleged that imports of cold-rolled stainless steel coil have increased in recent years, causing serious injury to the domestic industry.
The investigation will be conducted by the International Trade Administration Commission of South Africa (ITAC).
ITAC will investigate whether imports of cold-rolled stainless steel coil have increased in recent years, and whether this increase has caused serious injury to the domestic industry.
If ITAC finds that imports have increased and have caused serious injury, it may recommend that the government impose safeguard measures.
Safeguard measures are temporary trade restrictions that can be imposed to protect domestic industries from import competition.
The measures can be in the form of tariffs, quotas, or other restrictions.
The investigation is expected to be completed within 12 months.
Additional information:
- Cold-rolled stainless steel coil is a type of steel that is used in a variety of applications, including construction, automotive, and appliances.
- South Africa is a major producer of steel, but it also imports steel from other countries.
- The South African steel industry has been facing challenges in recent years, due to global overcapacity and cheap imports.
- The safeguard investigation is the latest in a series of measures that the South African government has taken to protect the domestic steel industry.
Implications:
The safeguard investigation could have a significant impact on the South African steel industry.
If ITAC finds that imports have increased and have caused serious injury, it may recommend that the government impose safeguard measures.
This would make it more expensive to import cold-rolled stainless steel coil into South Africa, which could benefit domestic producers.
However, it could also lead to higher prices for consumers and businesses that use cold-rolled stainless steel coil.
The investigation is also likely to be closely watched by other countries, as it could set a precedent for the use of safeguard measures in the steel industry.
South Africa launches safeguard investigation on corrosion-resistant steel coil
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