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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.
Extension of the price preference system on the exportation of ferrous and non-ferrous waste and scrap metal.
The government aims to combat theft and vandalism of infrastructure by proposing restrictions on exporting rail tracks and copper products to verify metal sources.
The South African Revenue Service extended safeguard duty on steel fasteners by 48.04% to protect domestic industry, fostering fair competition and encouraging innovation and technology investments.
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.
The European Commission has finalised its steel import safeguarding measures for the next 12 months, with some changes and exemptions granted to developing countries, including South Africa.
On 15 July 2023, South Africa's Trade Minister extended the ban on certain scrap metal exports for another six months, following a consultation with industry.
Global crude steel production witnessed a 2.4% decrease in April 2023 compared to the same month in the previous year, while Africa's production increased by 4.8%, led by South Africa, Libya, and Tunisia.
Global crude steel production increased by 1.7% in March 2023 compared to the previous year, with Africa, Asia/Oceania, and Russia/CIS/Ukraine showing growth, while South America, Europe, other, the Middle East, and North America experienced declines.
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