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Turkey increases import duty on steel products

Steel News - Published on Mon, 05 Jan 2009

Reuters reported that Turkey has increased duties by up to 8% on coated and uncoated strip mill products with effect from January 1st 2009.

For hot rolled coil the import duty is now 13%, up from the previous 5%, CRC goes up from 6 to 14%, pre painted is now 15%, up from the previous 12%, and for hot dip galvanized the duty rises to 15% from 14%. The HRC import duty for re-rollers is 5%, up from the previous 3%.

The report added that the move is seen as benefiting local producers, as well as exporting countries with which Turkey has a free trade agreement.

(Sourced from: Reuters)

Posted By : admin on Mon, 05 Jan 2009
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