According to an announcement published in the country’s Official Gazette, Turkey has decided to increase import duties on certain flat steel products.
Accordingly, the import duty on non-alloy hot rolled coil has increased from nine percent to 15 percent, while the duty on alloyed hot rolled coil has risen from six percent to 13 percent. The import duties of 9,10 and 15 percent on plate have been raised to 15-20 percent. Non-alloy cold rolled coil attracts a 17 percent import duty now instead of 10 percent, while the duty on both hot rolled and cold rolled stainless steel coils remains unchanged.
On the other hand, the duty on HRC imports by re-rolling companies and welded pipe producers has increased to 13 percent from six percent, while imports made by white goods producers are now subject to 15 percent duty instead of seven percent.
The current import duties for flat steel products can be seen in the table below.
|
Product |
New duty rate (%) |
|
HRC (imports by re-rolling companies and welded pipe producers) |
13 |
|
CRC (imports made by white goods producers) |
15 |
|
Non-alloy HRC |
15 |
|
Alloyed HRC |
13 |
|
Non-alloy CRC |
17 |
|
Plate |
15-20 |
|
Galvanized coils |
20 |
|
Pre-painted coils |
20 |
|
Electrical steel sheet |
6 |
|
Tinplate |
20 |
|
Stainless CRC |
8 |
|
Stainless HRC |
2 |
Turkey's flat steel imports in 2021 totaled 9.43 million mt, while the country imported 7.79 million mt of flat steel in the first 11 months of 2022, according to the data provided by the Turkish Steel Producers' Association (TCUD).