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As Trump takes aim at foreign metal, Canada argues for exemption

By: Bloomberg     20th February 2018 The biggest steel and aluminium exporter to the US is hopeful of being left out of a Trump administration crackdown on foreign shipments. The US Commerce Department didn’t recommend giving Canada a pass when it outlined possible tariffs and quotas on Friday, but it did single out its northern... 

Seifsa worried about potential impact of proposed US steel import tariff increases

By: Megan van Wyngaardt     20th February 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has warned that the difficulties facing the local steel industry would continue to worsen in the year ahead if the US Department of Commerce's recommendation for a tariff of at least 53% on all steel imports from 12... 

As 'America First' turns to steel, Canada looks to duck trump ax

By: Bloomberg     20th February 2018 Canada, the top steel and aluminum exporter to the US, is hopeful of being left out of a Trump administration crackdown on foreign shipments. While the US Commerce Department didn’t recommend giving its northern neighbor a pass when it outlined possible tariffs and quotas on Friday, it did... 

Japan's steel industry urges Trump to make careful trade decision

By: Reuters     19th February 2018 Japan's steel industry said on Monday the US Commerce Department proposal to President Donald Trump to impose curbs on steel imports violate the principles of free trade, calling for Washington to make a careful and appropriate decision. The US Commerce Department recommended on Friday that Trump... 

Trump weighs tariffs, quotas on US steel, aluminium imports

By: Reuters     14th February 2018 US President Donald Trump said on Tuesday he was considering a range of options to address steel and aluminium imports that he said were unfairly hurting US producers, including tariffs and quotas. Trump's comments - his strongest signal in months that he will take at least some action to... 

China urges US to rein in 'trade remedy measures' for steel

By: Reuters     13th February 2018 China has expressed concerns over excessive protectionism in the steel sector by the United States, and urged it to show restraint in using trade remedy measures, an official with Chinese Ministry of Commerce (Mofcom) said on Tuesday. Wang Hejun, the head of Mofcom's Trade Remedy and... 

Rio Tinto confident US will treat Canada differently on trade

By: Bloomberg     8th February 2018 The head of Rio Tinto Group’s aluminium division is confident the Trump administration will recognize that Canada must be viewed differently when considering import tariffs on the metal and in Nafta talks. “There’s a clear recognition of the strategic importance of the Canadian industry to the... 

EU steel sector sees demand growth in 2018, import threat

By: Reuters     6th February 2018 European steel demand is set to rise in 2018 with continued strength in most steel-using sectors, European steel association Eurofer said on Tuesday, while warning of a threat of rising imports. Apparent steel consumption, which excludes the impact of inventory changes, is set to rise by 1.9% in... 

Aluminium giants stop short of backing Trump import crackdown

By: Bloomberg     23rd June 2017 As the calls for restrictions on cheap Chinese imports reach a fever pitch in Washington, some of the biggest North American aluminium producers are advocating a softer touch. Alcoa Corp. urged the US to directly engage with China to ensure overproduction no longer spills out to the rest of the... 

Eskom downgrade has AMSA CEO worried about steel

By: Anine Kilian     14th June 2017 With ratings agency Moody’s Investors Service cutting State power utility Eskom’s credit to two notches below investment grade on Wednesday, ArcelorMittal South Africa (AMSA) CEO Wim de Klerk expressed his concern about the downgrade’s impact on the local steel industry. Addressing delegates at a... 

Steel industry needs to pull together to fight import risks 

By: Anine Kilian     14th June 2017 In light of the recently implemented safeguard duty on hot-rolled steel, continued collaboration among stakeholders is necessary to protect the steel industry against the influx of steel imports, said consulting firm XA International Trade Advisors director Donald Mackay on Tuesday. Speaking at a... 

Steel industry to discuss import challenges at June workshop

By: Anine Kilian     2nd June 2017 Consulting firm XA International Trade Advisors will, on June 14, host a workshop for domestic steel industry participants to meet and discuss possible solutions to the threat posed by rising steel imports. The workshop will look at the trend of increased global protection in the steel industry... 

Davies promises support for downstream firms as he confirms steel safeguard duty  

By: Terence Creamer     8th May 2017 Trade and Industry Minister Dr Rob Davies confirmed on Monday that he had signed off on a hot-rolled coil (HRC) safeguard duty, but refused to be drawn on the duty level proposed until the Word Trade Organisation (WTO) had been notified. Speaking in Johannesburg at the release of the ninth... 

Solidarity protects local steel industry

By: Marleny Arnoldi     3rd March 2017 Following the National Treasury’s instruction last month that State-owned entities must use 100% locally manufactured structural steel last month, trade union Solidarity says it will act as a watchdog to ensure that this happens.  

DTI promises fast-tracked support for downstream steel industry

By: Terence Creamer     17th February 2017 The Department of Trade and Industry (DTI) insists that measures to support the downstream steel industry in South Africa are a priority for government and are being fast-tracked. In a statement outlining the various interventions undertaken since 2015 to support a primary steel sector wracked by... 

NMDC divestment hinges on merger proposal with steelmaker RINL

By: Ajoy K Das     13th February 2017 The Indian government’s plans for the strategic disinvestment in iron-ore miner NMDC will, most likely, hinge on a final decision on the proposed merger of NMDC with steel producer Rashtriya Ispat Nigam Limited (RINL). According to a senior government official, there are two proposals before the... 

Year’s best miner Cliffs says Trump to keep good times rolling

By: Bloomberg     10th December 2016 The head of Cliffs Natural Resources Inc. was preparing for a “worst-case scenario” next year. Instead, he got Donald Trump. Cliffs, the world’s best-performing raw materials producer this year, will probably generate “a lot” of cash, with which it will pay down debt, Chief Executive Officer... 

AMSA shareholders back R2.2bn empowerment deal

By: Terence Creamer     18th November 2016 Shareholders in ArcelorMittal South Africa (AMSA) voted on Friday in favour of a R2.2-billion broad-based black economic empowerment transaction, involving Likamva Resources. The approval was carried by 99.9% of the shares that were eligible to vote. The deal will see Likamva initially hold a 17%... 

AMSA insists R2.27bn empowerment deal meets highest governance standards

By: Terence Creamer     28th September 2016 Steel producer ArcelorMittal South Africa (AMSA) has unwrapped its long-awaited R2.27-billion broad-based black economic empowerment (BBBEE) transaction, which chairperson Mpho Makwana insists meets the highest standards of probity and governance. An earlier 2010 attempt by the JSE-listed company... 

Preventative measures necessary to stop China dumping steel – Solidarity 

By: Natasha Odendaal     30th August 2016 Trade union Solidarity on Tuesday raised an alarm about the potential collapse of South Africa’s already-strained steel industry as cheap imports and “unfair trade practices” threaten the sustainability of local steel producers. Presenting its views to the International Trade Administration... 

IDC seeks strategic partner for struggling Scaw unit

By: Terence Creamer     30th August 2016 The Industrial Development Corporation (IDC) has initiated a process to find a strategic equity partner for its struggling steel subsidiary Scaw Metals, which reported a loss of over R1-billion for 2016. Speaking at the IDC’s financial results at the Coega Industrial Development Zone, in the... 

Amid low prices and weak demand, steel protectionism goes global

By: Bloomberg     26th August 2016 From the US to India, regulators around the world are pushing harder than ever to shield local steel industries from foreign competition. Nations imposed 85 new duties and other taxes on steel imports in the first half, according to the Russian Steel Association, which counted preliminary and... 

Import prices on steel not the best solution

By: Robyn Wilkinson     1st July 2016 International trade credit insurer Coface credit analyst Kyle Mason says that government would do better to provide benefits to local entities using locally-produced steel than to further impose import and anti-dumping tariffs. 

Govt committed to securing future of South African steel sector – Davies

By: Ilan Solomons     20th April 2016 Government will pull out all the stops to ensure the sustainability of the local steel manufacturing sector, Trade and Industry Minister Dr Rob Davies stressed on Wednesday. He noted during the Department of Trade and Industry’s Budget Vote that UK Prime Minister David Cameron recently had to cut... 

India unlikely to grant demand for lower iron-ore export tax

By: Ajoy K Das     10th February 2016 The Indian government is unlikely to slash the export tax on high-grade iron-ore although it might prune the rate for low-grade ore, even as miners step up accusations that the government is killing the mining industry. The Steel and Mines Ministry was not keen to submit any proposal for a... 

AMSA moves ahead with applications for ‘safeguard duties’

By: Terence Creamer     7th January 2016 Steel producer ArcelorMittal South Africa (AMSA) confirmed on Wednesday that it had submitted applications to the International Trade Administration Commission of South Africa (Itac) in December for “specific safeguard duties” on bars and rods, rebar, wire rod, hot rolled coil, cold rolled coil... 

SA govt moves to protect domestic steel industry with 10% duty

By: Henry Lazenby     22nd December 2015 South Africa has instituted rates on five categories of steel wire rod and steel reinforcing bar, increasing protection for an industry battered by slower demand and dumping from China. Effective December 18, certain steel products would attract a 10% duty. 

R40m investment to boost trailer company’s supply, service offering

By: Mia Breytenbach     20th November 2015 In its drive to become a “one-stop truck and trailer shop”, local commercial trailer manufacturer Paramount Trailers has invested more than R40-million in two new divisions – Paramount Trucks, and a service, repair and refurbishment factory – at its 75 000 m2  Midvaal manufacturing facility in... 

Raise your game, Davies tells manufacturers

By: Kim Cloete     6th November 2015 Trade and Industry Minister Dr Rob Davies says South Africa needs to “raise its game” in the manufacturing and industrial sector and has outlined various steps in a bid to boost the embattled sector. “The real challenge is we need to raise our game. We have industrial policy - it works - but the... 

Steel industry downscaling ‘unavoidable’, Seifsa warns

By: Terence Creamer     9th October 2015 Downscaling by South African primary steel producers was “unavoidable” despite recent protection measures, outgoing Steel and Engineering Industries Federation of Southern Africa (Seifsa) president Ufikile Khumalo cautioned on Friday. Khumalo is also chairperson of Scaw Metals, which confirmed in... 

Lifting of sanctions seen boosting Iran’s mining sector after years of underinvestment

By: Ilan Solomons     2nd October 2015 The agreement reached between Iran and world powers in Vienna, Austria, in July over the country’s nuclear programme is reopening the Iranian economy to global trade and investment after ten years of international sanctions against the country. US-based think-tank the Council on Foreign Relations... 

Steel producers in India bemoan DMF levy for captive mining

By: Ajoy K Das     28th September 2015 Faced with an economic downturn and crippling debt burden, Indian steel producers have complained over being forced to contribute to District Mineral Funds (DMFs) for mining iron-ore for captive consumption. The notification formalising the establishment of DMFs at every local mining site has... 

Government intervention to save steel industry ‘too late’ – Vavi 

By: African News Agency      15th September 2015 Government’s introduction of a 10% steel import tariff was ”too little, too late,” former Congress of South African Trade Unions (Cosatu) secretary general Zwelinzima Vavi said on Tuesday. ”The 10% increase on import tariffs came 21 years late. We are now reaping what former ministers such as... 

Groups, alignments, relationships and China

By: Keith Campbell     28th August 2015 Have you heard of Mikta? No, me neither – until very recently. (If you had heard of Mikta, congratulations! You have been keeping a sharp eye on international developments.) Mikta is, of course, an acronym: it stands for Mexico, Indonesia, the Republic of (South) Korea, Turkey and Australia. It... 

Global market crash causes worry in Indian mining sector

By: Ajoy K Das     25th August 2015 The market crash, with China at the epicentre, has cast a pall over India’s mining and mineral sector reforms and its ability to attract foreign investments to right the commodity sector. With international commodity markets rocked and prices in a tailspin, serious concerns have surfaced over... 

Govt, business, labour in rare show of unity amid threat of steel jobs ‘bloodbath’  

By: Natalie Greve     24th August 2015 In a rare show of collective force, labour and business in the steel sector appear to have successfully lobbied government to back efforts to raise protection for the embattled sector by hiking import duties on steel imports to the 10% “bound rate” allowed for under South Africa’s World Trade... 

The state of duty protection in South Africa

     14th August 2015 The tough economic environment in South Africa over the past few years has served as a catalyst for protectionist pressures. Increasing import competition has further flamed calls for protection from various industries. According to the press, steelmaker ArcelorMittal recently lodged a normal... 

Steel protection cannot lead to price hikes, govt warns 

By: Terence Creamer     12th August 2015 Department of Trade and Industry (DTI) director-general Lionel October has confirmed that various processes are at an advanced stage to offer greater protection to the domestic primary steel industry, as well as to specify the use of locally produced steel in public infrastructure projects. He... 

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