Hot-rolled steel coil and plate safeguards now in force

Safeguard duties of 12% have been officially placed on hot-rolled coil (HRC) and plate entering South Africa following publication of the August 11 Government Gazette, which amends schedule two of the Customs and Excise Act. The safeguard duties have been signed by Finance Minister Malusi Gigaba and will be imposed in addition to the 10% duties already governing the products.