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Turkey Extends Additional 5% Duty on Steel Imports till 15 Sep

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Turkey has extended provisional revised import duty rates on some steel products, mainly flat steel products, from July 15 until September 30, 2020. As of April 18, Turkey increased import duty rates by five percentage points on some steel products with a few exceptions and adjusted the duty rates for end-user industries in order to help protect domestic steel production and employment until July 15, 2020, as previously reported by SteelOrbis. The given duties are applied for the products coming from third countries only. The EU and FTA countries remain exempt from the trade restriction.