Kallanish articles are only available for active subscribers and clients currently on trial. If you already have login details, please login below to continue.
Updates during the day from our global editorial team.
(Requires a subscription)
Signup for a Free TrialUpdates during the day from our global editorial team.
(Requires a subscription)
Signup for a Free TrialLatest news
Kallanish Steel Weekly: Coronavirus exacerbates further steel trade battles
The coronavirus emergency and the consequent fall in both production and demand of steel globally has fuelled a new wave of trade disputes. The market has been facing increasing limitations to global trade for many years now, but during the last month this trend has accelerated again. Many countries have been quick to launch new import restrictions in response to the lowering demand of steel, but Europe and Turkey, in particular, have been at the centre of a new battle. Last week Turkey told the World Trade Organisation that it could impose additional import duties of 9-17% on imports from the EU of various products, in response to EU safeguard measures that have been in place since 2019. Turkey could impose a 9% duty on products under HS code 7208, 10% for HS code 7209, 14% for HS codes 7210 and 7215, 15% for HS codes 7211, 7212 and 7214, and 17% for HS code 7216. The European Commission (EC) imposed the measures on 26 steel products from a host of countries from 2 February, 2019. In the following 15 months, the EU has ignored the Free Trade and Customs Union agreements between the EU and Turkey and continued to strengthen measures against Turkey, says the Turkish Steel Producers’ Association (TCUD).
Kallanish articles are only available for active subscribers and clients currently on trial. If you already have login details, please login below to continue.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous