Turkey removes AD duty on billet import

04/04/2008 12:00 - 979 Views

It is reported that Turkey has cancelled anti dumping duties on imports of billets from Russia, Moldova and Ukraine effective from March 20th 2008.

Turkish foreign trade officials said that the import taxes are already high and there is no need for additional regulation against dumping.

The AD duty of USD 4 per tonne to USD 7 per tonne has been in effect since 1995.

The market players termed this move as insignificant as

1. The amount is nominal considering the current price levels

2. Billet is already being imported from these countries under the inwards processing scheme which permits the tax free import of products for processing and re export within six months.

 

March 31, 2008

Source: steelguru.com

 

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