Duties imposed on imports from China range from around 15 percent to 43 percentEmployees work at a hot rolling plant during a government-organised media tour to Baoshan Iron & Steel Co., Ltd. (Baosteel), a subsidiary of China Baowu Steel Group, in Shanghai, China September 16, 2022. REUTERS/Aly Song/File PhotoTurkey imposed anti-dumping duties on some steel imports from China, Russia, India and Japan, an Official Gazette announcement said on Friday, with the highest tariffs on Chinese imports, boosting stocks of flat steel producers. The duties affect some 4 million tons of product imports with a value of some $2-2.2 billion, Turkish Steel Producers Association (TCUD) Secretary General Veysel Yayan told Reuters. TCUD's Yayan said he expected the capacity utilisation rates of domestic producers to increase after the imposition of the anti-dumping duty on hot-rolled flat steel imports. Duties imposed on imports from China range from around 15 percent to 43 percent, and tariffs imposed on imports from Russia, India and Japan range from 6 percent to 9 percent, according to the decision.

Source: bd News24 October 11, 2024 19:07 UTC