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Author: Donald MacKay

scrap metal claw

The forced local discounts on scrap steel are being reviewed! Yaayyy

Posted in Trade Central
by Donald MacKayMay 9, 2025

Minister Tau issued a policy directive to ITAC instructing them to review the Price Preference System (PPS) on scrap steel. The PPS is a sneaky subsidy programme which forces generators of scrap metal to subsidise the consumers of scrap metal by giving […]

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More US section 232 investigations underway – WTF is going on?

Posted in Trade Central
by Donald MacKayMay 1, 2025

The US government has initiated six section 232 investigations since the start of 2025 (nine if you count steel, aluminium and automotive, which saw duties change or implemented without a new investigation). Frustratingly, we are not given tariff codes for each review, […]

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Who actually gets government support in the steel sector?

Posted in Trade Central
by Donald MacKayApril 29, 2025

ArcelorMittal South Africa (Amsa) burnt through R1.9 billion in 2024, which I think we can all agree, is a lot of money, especially for a company with a market capitalisation of R1.1 billion, raising their total debt by roughly the same amount. […]

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ITAC has just initiated a very big renewable energy tariff, localisation and import / export review

Posted in Trade Central
by Donald MacKayApril 22, 2025

ITAC just spoiled your next long weekend because you now need to attend our free webinar on the brand new review of the renewable energy value chain. It covers R59 billion worth of imports, under 82 tariff codes, so if you are […]

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Caustic soda rebate, duty increase application on grooved steel couplings and rock drilling parts

Posted in Trade Central
by Donald MacKayApril 22, 2025

Caustic soda rebate created If you import caustic soda to make soda lye, then you can now not pay the duties on caustic soda, by using the new manufacturing rebate. Click here for more information on the rebate. Duty increase application on […]

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The Trump Thump. What now US dollar?

Posted in Trade Central
by Donald MacKayApril 7, 2025

With a stroke of his fat koki pen, President Trump has done more to harm the dollar’s reserve status than anything Xi, Putin or anyone else could do. Although its reserve status was an outcome of agreements struck at Bretton-Woods, the dollar […]

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Trump imposes 30% tariff on South African exports!

Posted in Trade Central
by Donald MacKayApril 3, 2025

This is very bad indeed. XA will be doing analysis on this over the next few days, but in the interim here are my initial views. We’ll put out something more polished a little later. Oh, and here is the White House’s […]

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After this review, our steel industry will not look the same

Posted in Trade Central
by Donald MacKayMarch 23, 2025

Government policies are an attempt to change how the market behaves (importing too much? Let’s impose an import duty.) When government, in 2012, decided to move money from packaging companies, car makers, and steel fabricators to the mini-mills (companies making steel out […]

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Massive promised steel tariff (and much more) review kicks off!

Posted in Trade Central
by Donald MacKayMarch 20, 2025

ITAC have just initiated the biggest tariff review in their 22 year history, on steel. This is about much more than just tariffs, but it most definitely also includes tariffs. The scope of the review is everything in chapters 72 (primary steel […]

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R2.5 billion roasted groundnut industry closes because a decision could not be taken on their tariff application

Posted in Trade Central
by Donald MacKayMarch 15, 2025

A customs tariff increase application on roasted groundnut imports classifiable under subheadings 2008.11.20 and 2008.11.90 from 0.99c/kg (0.033% ad valorem equivalent) to 20% was withdrawn by the South African Groundnuts Forum because they have closed their nut roasting business. The investigation was […]

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