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The new bid price is $1,135 per short tonne

Prices for Turkish welded pipes rose by $3 per tonne over the same period

Analysts see the new duties as an attempt to replace the 10% global duty, which was overturned by the court

This figure rose by 8.5% y/y

The plant is scheduled to come on stream in 2030

The contract is for a period of five years

According to the country’s authorities, such actions do not solve the problem of steel overproduction, but instead provoke an escalation of trade measures

The spot price for a hot-rolled coil remained at $1,130/t

The new production line is scheduled to reach full capacity in the second quarter of 2029

These safeguard duties were first introduced in 2005 and are reviewed every five years

The parties still have unresolved differences, particularly regarding metal tariffs

Total steel imports into the country fell by 26.3% over the period