Metal & Oil & Gas News – Nctv.net
Turkey’s customs and trade ministry, following a safeguard investigation into imports last April, has imposed a provisional 25% safeguard duty on imports of carbon steel flat and long products, welded and seamless pipe, stainless flats and special steel longs exceeding a prescribed duty-free quota. The tariff is valid for 200 days. Imports of products under HS code headings 7208, 7209, 7210, 7211, 7212, 7225 and 7226 have been set a combined annual duty-free quota of 3.118 million tonnes. Those under HS code headings 7213, 7214, 7215, 7216, 7217, 7227 and 7228 have a quota of 558,534 tonne, while those under codes 7303, 7304, 7305 and 7306 have a quota of 273,901 tonne. Imports under codes 7219 and 7220 have a 139,934 tonne quota.
Imports of the products under investigation were found to have reached 10.6 million tonnes in 2017 versus 10.2 million tonne in 2013. Imports of flats rose 5% over this period to 8.39mt and pipe imports grew 17% to 506,000 tonnes, but longs imports fell -4% to 1.32 million tonnes and stainless steel intake dropped -10% to 332,000 tonne. With consumption of 25 million tonne, imports took a 41% share of Turkey’s market in 2013, while in 2017 consumption was 31million tonne and import market share fell to 34%.
Source : STRATEGIC RESEARCH INSTITUTE, STEELGURU
Yaang Pipe Industry Co., Limited (www.yaang.com)
