THAILAND APPROVES STEEL IMPORT SURCHARGES

摘要

As expected, Thailand's Board of Investment (BOI) agreed yesterday to impose surcharges on imports of four categories of steel products, in order to provide protection to local producers.The categories of products and exact surcharge rates will be officially announced within ten days. Industry observers expect the BOI to implement a 25 percent surcharge on top of existing import duties on hot and cold rolled sheet and cold rolled stainless sheet, with a 5 percent extra charge on coated steel sheets.