Turkey restricts exports to Israel
Turkey’s Ministry of Commerce has announced that it has restricted the exports of 54 product groups to Israel. No details regarding these restrictions, which came into force as of today, April 9, have been disclosed yet. The restricted products include reinforcing bars, wire rods and flat steel products, as well as steel pipes and fittings, profiles, iron and steel construction materials, iron-steel wire, cement, aviation and jet fuel and metal... Read More
India scraps export taxes on steel and some raw materials, adds import tariffs on coal and coke
In a slew of tariff changes, the Indian government has scrapped export duties on pig iron, specified iron and steel products and pellets, according to a government notification late on Friday, November 18. As a result, 15 percent export duties from India on major longs and flat steel products, as well as pig iron, have been lowered to zero, while the export duty of 45 percent on pellets has also been scrapped. The export duty on iron ore lumps and... Read More
Ukraine extends export duty on ferrous scrap
The Ukrainian government has decided to extend the duty on the export of ferrous scrap for the next five years. Accordingly, on April 27 the Ukrainian parliament welcomed and expressed its full support for a five-year extension of the duty on the export of ferrous scrap at the current level, i.e. at €58/mt. Read More
China to remove export tax rebates on 146 steel products including rebar and wire rods
China has decided to lift the export tax rebates on 146 kinds of steel products as of May 1, according to an announcement issued on April 28 by the Customs Tariff Commission of China’s State Council. The 146 products include reinforcing bars, wire rods and profiles along with HRC, HR sheet and plate, stainless steel products and some kinds of pipes. The first four digits of the HS codes of the affected steel items are 7205, 7209, 7210, 7212, 7214,... Read More
Russian Federation sets quota for scrap exports till end of 2019
Russian authorities have officially set the quota for the steel scrap exports to the countries excluding the members of the Eurasian Economic Union in order to protect the local steel industry. The official document, signed on August 31, implies the total allowed export volume of 1.009,2 million mt of scrap for the period from September 1 to December 31 of the current year. The Ministry of the Industry and Trade will be responsible for the distribution... Read More
Traders are no more allowed to export long steel products from Iran
Iran’s Ministry of Industry, Mine and Trade has announced that traders will not be able to export long steel products from Iran. According to market sources; the Iranian government will only allow steel producers and the producers who have official representatives in foreign countries to export reinforcing bars, wire rods, angles and beams. Read More
Saudi Arabia ends export ban on steel products
Saudi Arabia has ended its export ban on cement and rebar since the construction industry in the country is suffering from the impact of lower oil prices, which has resulted in the government cutting back on spending on many projects, according to a report by Reuters. According to Reuters, among the conditions that firms in both the cement and steel sectors will have to meet in order to export goods is payment of the difference in energy costs between... Read More