EU’s duty suspension for Ukrainian products

The European Council has adopted a regulation allowing for trade liberalization and other trade concessions with regard to certain Ukrainian products for one year. The council stated that the regulation, which will come into force on June 4, 2022, will apply to the products either in transit from Ukraine to the EU or under customs control in the EU. All antidumping duties and safeguard measures on Ukrainian products are also lifted. According to the... Read More

EU suspends all duties and quotas on Ukrainian imports for one year

The European Council has stated that it has adopted a regulation allowing for temporary trade liberalization and other trade concessions with regard to certain Ukrainian products. All import duties on Ukrainian goods are suspended for one year. In addition, all antidumping duties and safeguard measures on Ukrainian products are also lifted.  Read More

New duty regime in India

The Indian government has waived import duties on some key steel-making raw materials like coal and imposed the export duties on iron ore and steel products. The new duty regime has come into effect on the night of May 22, according to a government notification. The Indian government reduced import duty on ferro-nickel, coking coal from 2.5 percent to nil and that on coke and semi-coke from 5 percent to nil to bring down cost of production of steel... Read More

Pakistan cuts scrap import tax for melters

The Pakistani government has issued a decree according to which the sales tax on certain import products, in particular on steel scrap, is reduced from 17 percent to 14 percent. It is noteworthy that the amendment relates only to steel melters importing scrap for further processing. Meanwhile, for traders dealing with scrap as a finished product the sales tax will remain at 17 percent as before.  Read More

Vietnam extends safeguard duties on billet, rebar and wire rod

Vietnam’s industry and trade ministry has announced that the country’s safeguard duties on billet, rebar and wire rod imports have been extended until 2023. The duty rates will gradually decline within three years. After March 2023, the duties will be zero unless the ministry decides to extend them one more time. Until March 21, 2021, the duties will stand at 15.3 percent for billet and 9.4 percent for rebar and wire rod. In the second year, the... Read More

Egypt imposes provisional safeguard duty on billet and rebar imports

The Egyptian government has notified the World Trade Organization (WTO) that it has imposed a provisional safeguard duty on steel billet and rebar imports for a period of 180 days starting from April 15. Egypt will collect up to 15 percent duty on billet imports and 25 percent duty on rebar imports. According to the notification made to the WTO, imports from developing countries shall not be subject to the proposed provisional safeguard measure as... Read More

Turkey reinstates ten percent duty on imports of rebar

It has officially been announced that the 10 percent import duty on imports of reinforcing bar to Turkey which was removed at the beginning of 2018 will be reintroduced as of January 1, 2019. The import duty on reinforcing bar in Turkey was first decreased to ten percent from 30 percent in July 2017, and then completely removed as of January 1, 2018.  Read More

Turkey cancels import duty on rebar

Turkey has officially cancelled the customs duty on imports of reinforcing bars effective from January 1st, 2018. The Turkish authorities had reduced the customs duty on imports of reinforcing bar to 10 percent on July 28th last year, on the back of complaints by the domestic construction industry. The customs duty on rebar imports to Turkey used to be 30 percent before then.  Read More

Turkey to lower import duty on reinforcing bar from 30 percent to 10 percent

Turkish economy minister Nihat Zeybekci has stated that the import duty on reinforcing bar will be reduced to 10 percent from the current level of 30 percent, adding that the Turkish cabinet of ministers’ decision will be announced officially soon, according to a reports at Turkish press.  Read More

Mexico to extend 15 percent duty on wire rod imports for six more months

Mexico’s economy secretariat, SE, will extend an existing 15 percent duty on certain steel imports for six more months, according to Mexican media citing the country’s economy secretary, Ildefonso Guajardo. The announcement was made this week by SE officials during a eeting with Canacero, Mexico’s steel association. The 15 percent duty is valid for certain steel imports for the countries Mexico does not have trade agreements with. The products... Read More

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