South Africa has raised import tariffs on steel to protect its struggling domestic steel industry

On May 19, the South African government announced an increase in import tariffs on certain steel products, with rates ranging from 10% to 30%. The move aims to ease pressure on the local steel industry caused by weak market demand and rising global steel imports.

The tariff adjustment covers flat-rolled iron and non-alloy steel, steel bars, wire rods, steel pipes and tubular goods. Previously, tariffs on these products stood at between 0% and 15%