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GOVERNMENTS/ASSOCIATIONS/FASTENER GROUPS 

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South Africa Initiates an Investigation on Imported Steel and Iron Hexagonal Bolts
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2020-05-25
      On May 15 the South African International Trade Administration Commission announced to initiate a safeguard measure investigation against imported steel and iron hexagonal bolts. The application was lodged by South African Iron and Steel Institute. The HS code involved within the investigation is 73181543. All parties involved can submit related information and comments within 20 days after this announcement (by June 4).

      This is the third safeguard measure investigation launched by South Africa on certain steel and iron fasteners. The previous two investigations were:

      (1) Investigation on hexagonal steel screws initiated on April 20, 2018. The HS code involved was 73181539. The products involved were charged an ad valorem tax for a period of 3 years as a safeguard measure. The tax rate was 50.54% for the first year, 48.01% for the second year, and 45.61% for the third year.

      (2) Investigation on steel threaded fasteners initiated on March 1, 2019. The HS codes involved were 73181541, 73181542, and 73181630. The products involved were charged an ad valorem tax for a period of 3 years as a safeguard measure. The tax rate was 54.04% for the first year, 52.04% for the second year, and 50.04% for the third year.
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2020-05-25
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