Turkey drops import duties on some steel products
Posted on 08 January 2021
Turkey has dropped import duties on some pipe and flat steel products, which were increased in May 2020 due to the pandemic, to their former levels.
Imports from third countries other than the EU and free trade agreement countries, and Malaysia and Singapore, which are in the transition period to a free trade agreement, will be subject to duties. The FTA countries include the EU and EFTA countries, Israel, North Macedonia, Bosnia, Morocco, Palestine, Tunisia, Egypt, Georgia, Albania, Chile, Serbia, Montenegro, Kosovo, Mauritius, Moldova, Faeroe Islands and South Korea.
In addition, imports realised in the scope of the Inward Processing Regime will be exempted from the additional duty.
The import duty on hot rolled coil under HS codes 720890801012 and 720890802012 has been decreased from 14% to 9%.
For cold rolled coil under HS code 720990802919 and alloyed coil under HS code 722599000090 the import duty has been decreased from 10% to 5%.
Import duty on alloyed steel wire under HS codes 722920000012, 722990500012 and 722990900012 has been decreased from 11% to 6%.
Import duty on steel pipes and profiles under HS codes 7304 and 7306 has been decreased from 10% to 5%.
Flat steel consumers in Turkey were complaining about the lack of material recently, Kallanish reports. Turkey is thought to have not extended the increased import duties in the new year as a result of those complaints.Source : Kallanish