South Africa is considering imposing emergency tariffs on some iron and steel imports, it said in a filing to the World Trade Organisation published on Monday.
South Africa's steel industry body requested the temporary trade barrier because a surge in import volumes had caused the industry "serious injury" in the form of lower sales, output, market share and capacity utilisation, the filing said.
It blamed a global steel glut and measures by other countries to protect their steelmakers, as well as new investments by current steel importers, which meant South Africa could expect further increases of imports, the filing said.
The analysis was based on data from ArcelorMittal South Africa, which accounts for 70% of local production of the affected goods.
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