HomeAfricaSouth Africa imposes steep tariffs on structural steel imports from China, Thailand

South Africa imposes steep tariffs on structural steel imports from China, Thailand

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March 20 (Reuters) - South Africa ‌has imposed steep import duties on structural ​steel imports from China and Thailand after finding evidence of dumping, the country's ⁠trade watchdog has said.

Structural steel imports from China face tariff rates of 74.98%, while a 20.32% duty would be applied to similar ​products from Thailand, according to a government notice dated March 19.  

South Africa ‌in 2024 imposed provisional anti-dumping duties of 52.81% and 9.12% on structural steel imports from China and Thailand, respectively.

The tariffs cover structural steel ⁠used mostly in construction.

The International Trade Administration Commission ⁠of South Africa said its investigation into imports from China and Thailand had found evidence of dumping - meaning a product is exported into a country at less than normal market prices or than ‌production costs to the disadvantage of domestic producers.

It said in a ⁠notice it had concluded steel product "originating in ‌or imported from the PRC and Thailand ​was being imported into the SACU market at dumped prices, thereby causing material injury".

Neither Chinese nor Thai embassy officials had any ‌immediate comment.

The watchdog added that South Africa's ​trade minister had approved the ⁠recommended tariffs. 

The steel industry in Africa's most advanced economy ‌is battling weak local demand ⁠and an influx of imports, mainly from China. Companies such as ArcelorMittal South Africa have shut some of their mills in response to ​the challenges.

Imports make ‌up about 36% of South Africa's total steel consumption and China accounts ⁠for 73% of that, according ​to the South African Iron and Steel Institute.     

(Reporting by Nelson ​Banya; editing by Barbara Lewis)

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