Itac on 04 November announced a preliminary determination of investigation – initiated on 29 July 2016 - for remedial action in the form of a safeguard against increased imports of flat-rolled products of iron or non-alloy steel, or other alloy steel but excluding stainless steel, of all widths, cold-rolled (cold-reduced), not clad, plated or coated and not further worked than cold-rolled (cold-reduced), on which comment is due by 22 November 2016.
Itac initiated an investigation on 29 July 2016 when interested parties were invited to submit comments.
On the basis of the information at Itac’s disposal, it made a preliminary determination that there had been unforeseen developments which had led to the surge of imports, the Southern African Customs Union (Sacu) industry was suffering serious injury, and there was a causal link between the serious injury suffered by the Sacu industry and the surge of imports.
Itac considered whether there were critical circumstances where a delay in imposition of provisional measures would cause damage that would be difficult to repair, threatening injury.
Itac therefore made a preliminary determination not to request the Commissioner for South African Revenue Service (Sars) to impose a provisional payment. The basis and reasons for its findings are set out in its Preliminary Report No 537.
Comment is due by 22 November 2016.