STEEL INDUSTRY: 35.9% DUTY (on certain steel products) Gazetted.

STEEL INDUSTRY

35.9% DUTY
(on certain steel products)
GAZETTED

Government gazetted a 35.9% duty on certain steel products that are imported from China. This amounts to a total duty payable of 45.9% if the existing 10% custom duty is added. The products concerned are galvanised coil of a thickness less than 0.45mm, which include a host of products that AMSA does not manufacture.

NEASA has lobbied for the non-introduction of this duty on products that are widely used by lower income citizens to provide basic shelter.
 
The duty will be imposed up until 16 September 2023 whereafter Government will make a final decision on whether to make it permanent or not. In the meantime, NEASA, on behalf of its members affected by this duty, will persist in opposing the permanent implementation of this tariff.
 
NEASA will keep the industry posted on developments.

For more information:
NEASA Media Department
media@neasa.co.za