Turkey increases steel import duties

Turkey has increased the import duties on a number of steel products, including hot-rolled coil, cold-rolled coil, coated coil, angles and sections and stainless flat steel, effective from Saturday April 18.

The new duties are in effect until July 15, 2020, as per a decision by Turkish President Recep Tayyip Erdogan, according to the country’s official gazette.
The import duty for semi-finished steel under HS code 7207 is now 17%, up from 12% previously, while the import duty for hot-rolled flat steel under HS code 7208 is now 18%, up from the previous 13%.
Cold-rolled coil producers and welded pipe producers now face an 8% duty for hot-rolled flat steel imports, up from 6% previously, while white goods producers face a 9% duty for the same product, up from the previous 7%.

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Serife Durmus

April 20, 2020

09:30 GMT