South Africa mulls export tax on iron ore and steel products

摘要

South Africa's Cabinet has endorsed a government research report recommending the introduction of an export tax on iron ore and steel to help stimulate growth in the country's domestic steel industry and create employment. "The manufacturing industry has been seriously impacted by the price increases that happened globally in iron ore, which means iron ore producers have been biased towards exports, disadvantaging the local market," a Cabinet spokesperson told local media Thursday.