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Patel confirms 10% protection for two more steel products

Economic Development Minister Ebrahim Patel announced on Thursday that that the International Trade Administration Commission of South Africa (Itac) had recommended the imposition of a tariff duty of 10% on two additional steel products – hot rolled coil (HRC) and certain steel bars and rods. “The recommendation is now being processed within government,” the Minister said during his Budget Vote address to lawmakers.