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EU steel safeguards: Turkish rod already above quota

Steel News - Published on Fri, 15 Feb 2019

Image Source: artanpress.ir
S&P Global Platts learned from data obtained by European wire rod association Eunirpa that Turkish wire rod exports into the European Union have already exceeded the quota limit recently set by the European Commission by 4.8%, even before the end of the so called blocking period. According to Eunirpa's data, from 11 February to 13 February 127,230 tonnes of rod were imported into the EU from Turkey, exceeding the EC quotas by 6,039 tonnes. Eunirpa president Kris Van Ginderdeuren said “From February 2 to June 30, 2019, the allowed quota for rod products imported from Turkey is 121,331 tonnes. This means that some importers, and we don't yet know who specifically, will pay the extra 25% on the 6,039 tonnes.”

According to Eunirpa's data up to February 13, rebar imports from Turkey have not yet filled their quota but they are getting close with imported rebars having reached 115,463 tonnes. From February 2 to June 30, 2019 the allowed quota for rebar imports from Turkey is 117,231 tonnes.

The European Commission put in place safeguards on rod and other steel products on February 2, with an initial "block" period of 11 days. The import data has not yet been officially published on the EC website.

Source :

Posted By : Rabi Wangkhem on Fri, 15 Feb 2019
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