Turkish President Mr Recep Tayyip Erdoğan vide a Presidential Decree on 26 February 2023 has postponed the effective date of the increase in customs duties on imports of flat steel. Now customs duties on unalloyed hot-rolled, cold-rolled and coated coil imports will be increased by 6-7% to 15%, 17% and 20% from 1 April instead of 27 February. However, EU countries and countries with which Turkey has free trade agreements will be exempted from the customs duty rise.Both long and flat steel prices in Turkey’s domestic market have increased recently amid some temporary mill stoppages due to earthquakes and increased demand from reconstruction activities that are expected to start from March.
Turkish President Mr Recep Tayyip Erdoğan vide a Presidential Decree on 26 February 2023 has postponed the effective date of the increase in customs duties on imports of flat steel. Now customs duties on unalloyed hot-rolled, cold-rolled and coated coil imports will be increased by 6-7% to 15%, 17% and 20% from 1 April instead of 27 February. However, EU countries and countries with which Turkey has free trade agreements will be exempted from the customs duty rise.Both long and flat steel prices in Turkey’s domestic market have increased recently amid some temporary mill stoppages due to earthquakes and increased demand from reconstruction activities that are expected to start from March.
