Turkey announced an increase in import duties on some steel products
It is known that Turkey has announced increasing import duties on some steel products (mainly flat steel products) and adjusting the related tax rates for the steel consumption industry to protect products. export and employment.
The new prices will take effect from April 18, 2020 to July 15, 2020, applied to steel imports from third countries but the EU and countries under the Free Trade Agreement are exempt.
In addition, there are some exemptions, including most imported hot rolled coils. Tariffs on hot rolled coils for re-millers and welded pipe producers have increased to 8% from 6% previously and for household goods manufacturers increased from 7% to 9%.
See also: Construction steel