EU gains advantage as Turkey raises duties against third countries

摘要

As Turkey has increased import duties on some finished and semi-finished steel products for three months as of April 18, EU producers have gained an advantageous in exports to Turkey, Ugur Dalbeler, CEO of major Turkish steelmaker Colakoglu, told S&P Global Platts Monday. According to a presidential decree published Saturday, customs duties on some alloy and non-alloy billet, slab, hot-rolled coil, cold-rolled coil, coated coil, stainless steel, sections and some bar products have been increased by 5% effective April 18 through July 15, an increase from the previous range of 9%-15% to 14%-20%.