ANNOUNCED AS TEMPORARYNo
On 10 May 2013, South Africa's Minister of Economic Development gazetted Notice 470 of 2013, instructing the country's International Trade Administration Commission to stop exports of ferrous and non-ferrous waste and scrap metal unless it has first been offered to domestic users of scrap.
The measure, which enters into force on 16 September 2013, gives the local industry a 20% deduction on the average spot market price of the previous month. The measure will be reviewed after five years.
Amongst the affected trading partners are all exporting countries, since they are competing with lower prices by local producers in South Africa. Excluded are Botswana, Lesotho, Swaziland and Namibia, as they form a customs union with South Africa.
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