Green light for 10% duty on galvanised aluminium-zinc and colour-coated steel will come as a relief to applicants ArcelorMittal SA and Safal Steel THE government has moved to protect the steel industry with a 10% ad valorem import duty on galvanised aluminium-zinc and colour-coated steel.The duty, which went from 0% to 10% and received the green light on Friday, will come as a relief to applicants ArcelorMittal SA and Safal Steel.The firms have bemoaned a loss of market share and an influx in competing product from China. The South African Coil Coaters Association made the submission on the companies’ behalf in December.Downstream operators including Steel Source Africa, Macsteel SA, Steel Invest and Trellidor opposed the application, warning of job losses.Manufacturers and traders decried the dearth of locally produced coated steel products, as well as its erratic availability and suspect quality.ArcelorMittal SA and Safal Steel’s tariff application is the first of many being made ...
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