EU to impose new quota on imports

According to media sources, the European Commission has sent a notification to the World Trade Organization, stating that the EU will impose import quotas on certain steel products, including rebar and wire rod, for a period of 150 days starting from February 2, 2019.. However, there has been no official announcement yet. Accordingly the import quotas will be in force between July 1, 2019 and June 30, 2020 and that the quota volumes will be increased... Read More

EU votes in favor of provisional safeguard measures

European Union voted on July 5th in favor of provisional measures against steel imports under the scope the safeguard investigation launched as a response to Section 232 tariffs in the US. The European Commission has proposed a combination of a quota and a tariff as expected. The quota will be based on import volumes over recent years and a 25 percent tariff will apply for the volumes exceeding that amount.  Read More

IREPAS statement on US DOC’s Section 232 recommendations

IREPAS is convinced that, if the United States imposes the import remedy options which have been recommended by the US Department of Commerce Secretary Wilbur Ross following the conclusion of the Section 232 investigation into steel imports, American steel users will have to face much higher steel prices compared to the other parts of the world, which will certainly devastate many steel-using industries in the US. IREPAS affirms its belief that free... Read More

US DOC releases recommendations for steel tariffs or quotas under Section 232

US Department of Commerce Secretary Wilbur Ross publicly released his recommendations to the president following the conclusion of the Section 232 investigation into steel imports, with three import remedy options: A global 24 percent tariff on all steel imports from all countries. A tariff of at least 53 percent on steel imports from Brazil, China, Costa Rica, Egypt, India, Malaysia, Korea, Russia, South Africa, Thailand, Turkey and Vietnam. A quota... Read More

Algeria may unveil quotas on reinfocing bar imports soon

Mr. Abdelmadjid Tebboune, Algerian interim trade minister and also minister for housing and urban planning has said that Algeria may unveil quotas on reinforcing bar imports soon. Mr.Tebboune added that he will discuss quotas for reinforcing bar imports and for other product imports at an inter-ministerial meeting, as reported by Algerian and French media. Algeria, the largest importer of Italian origin reinforcing bars, imposed an import licence... Read More

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