South Africa Increases Tariffs on Stainless Steel Products to WTO Bound Rate
South Africa's SARS increases customs duties on stainless steel flat products to WTO bound rate of 10%, aiming to bolster domestic industry against unfair competition concerns.
EU and US Pursue Steel Tariff deal
The EU and US navigate a steel trade saga stemming from tariffs initiated by the Trump administration. Potential interim deal targeting non-market practices impending.
Carbon and Certain Alloy Steel Wire Rod from Belarus, Italy, Russia, South Africa, South Korea, Spain, Turkey, Ukraine, the United Arab Emirates, and the United Kingdom
On August 2, 2023, the USITC determined that revoking countervailing duty orders on carbon and alloy steel wire rod from Italy and Turkey, and antidumping duty orders from multiple countries, would likely cause continued or renewed harm to the US industry.
Government Extends ITAC Scrap Metal Price Preference System (PPS)
Extension of the price preference system on the exportation of ferrous and non-ferrous waste and scrap metal.
Africa crude steel production increased by 4,1% year-on-year in the first half of 2023
Global steel production in the first half of 2023 decreased by 1.1%, with African production led by South Africa, Libya, and Tunisia showing a 4.1% increase during the same period.
Megatrends and their impact on the global steel industry (World Steel Organisation)
Megatrends such as urbanisation, technological progress, and climate change will shape the future of the global steel industry, requiring adaptation and investment in innovation and sustainability.
The uses of steel in the mining industry
Steel is widely used in mining due to its durability and corrosion resistance. It is used for tools, equipment, infrastructure, machinery, grinding balls, railway lines, and high-strength plates.
GFSEC event on Steel decarbonisation identified Data and Trade as areas for more coordination in the decarbonisation agenda
With direct emissions accounting for more than a quarter of total industrial emission, the steel sector is of critical importance for achieving […]
The Chinese government issued action plan for quality improvement of key industrial materials including steel
In mid-September, an action plan for quality improvement of key industrial materials was jointly issued by four ministerial departments, namely: Ministry of […]
Focus in creating a conducive business environment could reverse massive job losses in the manufacturing sector
South Africa’s unemployment rate was at 33.9% in the Q2 of 2022, down from 34.5% in the Q1 and a record high […]
What is steel and how is it made?
Most steel in South Africa is produced via two basic routes: The Blast Furnace-Basic Oxygen Furnace (BF-BOF) route and the Electric Arc […]