Macsteel seeks reimbursement for ‘unlawful’ duty payments

Macsteel CEO Mike Benfield is confident that the company has a strong legal case against the continued application of an 8% safeguard duty on hot-rolled coil (HRC) and confirms that it is also asking the court for an order granting that it be reimbursed for the duties paid since the extension was confirmed in August last year. Should Macsteel succeed in its challenge, which is scheduled to be heard on June 22, it is possible that other domestic steel consumers that have imported HRC from nonexempt countries since August will seek similar reimbursements from the South African Revenue Service.