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import duties - Latest news GMK Center

Photo – US and EU consider new climate tariffs on Chinese steel — Bloomberg
US and EU consider new climate tariffs on Chinese steel — Bloomberg

China accounts for more than 60% of world steel production

Photo – Import volumes of Turkish rebar in European ports have already exceeded the EU quota
Import volumes of Turkish rebar in European ports have already exceeded the EU quota

On October 3, the price of rebar from Türkiye was at the level of $682.5/t

Photo – The UK extended duties on the import of C/R flat steel from China and the Russian Federation
The UK extended duties on the import of C/R flat steel from China and the Russian Federation

Measures to prevent dumping imports from these countries were extended until 2026

Photo – UK extends import duties on steel
UK extends import duties on steel

Tariffs on steel imports from China and other countries have been extended for two years more; Ukrainian steel will be released from duties

Photo – Duties suspension on Ukraine’s imports to the EU came into force
Duties suspension on Ukraine’s imports to the EU came into force

Ukrainian producers can import goods into the EU duty-free for one year

Photo – Remove trade barriers, no more risks
Remove trade barriers, no more risks

The EU market easily absorbs all steel exports from Ukraine

Photo – European Commission proposed to suspend duties on imports from Ukraine
European Commission proposed to suspend duties on imports from Ukraine

Import duties on all Ukrainian exports to the EU may be suspended for one year

Photo – EU considers ending of all tariffs and quotas on exports from Ukraine
EU considers ending of all tariffs and quotas on exports from Ukraine

European Union is Ukraine's largest trade partner, accounting for more than 40% of its trade in 2019

Photo – UK canceled all duties and quotas for Ukrainian goods
UK canceled all duties and quotas for Ukrainian goods

In 2021, Ukraine increased exports to the UK by 62.4%, to $1.1 billion

Photo – US Senators ask Biden to lift 25% duty on steel import from Ukraine
US Senators ask Biden to lift 25% duty on steel import from Ukraine

The metallurgy has the key role for the post-war recovery, note American politicians

Photo – Australia to impose 35% duty on products from Russia, Belarus
Australia to impose 35% duty on products from Russia, Belarus

The country ratching up economic sanctions in response to Russian invasion of Ukraine

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