Macsteel takes extension of import duties to court
SA’s largest steel merchant says the hasty extension of the safeguard duties is driving up costs and threatening jobs
05 November 2020 - 15:33
Macsteel, the largest steel merchant in SA, has taken the government to court over an allegedly unlawful extension of steel import duties that would bring additional hardship to ailing downstream industries.
The company last week launched a court bid to challenge the decision “to illegally extend safeguard duties on hot-rolled steel” which, it said, would exacerbate the difficulties already gripping SA’s downstream steel sector...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.