In a surprising move, the United Kingdom has decided to suspend the anti-dumping duty on certain steel imports from Iran and Russia, as announced by the Trade Remedies Authority.The public notice issued by the authority indicates that the suspension applies to hot-rolled flat iron, whether non-alloy or other alloy steel goods, originating from Iran or Russia. However, this suspension is contingent on these goods being subjected to safeguard duty.This measure specifically targets steel goods that are subject to both anti-dumping and safeguard duties, adding an extra layer of complexity to the decision.Previously, in late May, the UK extended the suspension of restrictions on imports of hot-rolled flat and coil steel from Ukraine for a year. These steel products play a crucial role in various industries, including engineering, construction, electronics, and automotive.While the rationale behind the suspension remains unclear, the decision suggests a shift in the UK's trade policies concerning steel imports from Iran and Russia.
In a surprising move, the United Kingdom has decided to suspend the anti-dumping duty on certain steel imports from Iran and Russia, as announced by the Trade Remedies Authority.The public notice issued by the authority indicates that the suspension applies to hot-rolled flat iron, whether non-alloy or other alloy steel goods, originating from Iran or Russia. However, this suspension is contingent on these goods being subjected to safeguard duty.This measure specifically targets steel goods that are subject to both anti-dumping and safeguard duties, adding an extra layer of complexity to the decision.Previously, in late May, the UK extended the suspension of restrictions on imports of hot-rolled flat and coil steel from Ukraine for a year. These steel products play a crucial role in various industries, including engineering, construction, electronics, and automotive.While the rationale behind the suspension remains unclear, the decision suggests a shift in the UK's trade policies concerning steel imports from Iran and Russia.
