Business and labour leaders met with government on 21 August to discuss the challenges faced by the local steel and iron ore sectors and to look at ways to boost local business and protect jobs.
According to the department of trade and industry (DTI), the International Trade Administration Commission (Itac) has finalised an application for import duties on three steel products, which will be submitted to government for final approval “shortly”. New applications have been received and are being considered on an expedited basis, the DTI said.
To date, no anti- dumping applications have been received from industry, the DTI said. This is expected within the next four weeks. Other issues that will be addressed include tightening regulations to address the surge in the export of scrap metal and better use of the training layoff scheme introduced during the economic downturn of 2009, the DTI said.
I n addition, the I ndustrial Development Corporation (IDC) has made a R150m funding facility available to Evraz Highveld Steel and Vanadium.