An additional financial charge will be imposed on wire rod imports

The "Decision of the Presidency on the Implementation of Temporary Protection Measures on Wire Rod Imports" and the "Communiqué on Protection Measures in Imports" prepared by the Ministry of Trade were published in the Official Gazette.

Here are the details of the relevant decision:

The application submitted to the Ministry of Trade by the Turkish Steel Producers' Association (TÇÜD) on behalf of wire rod producers in Türkiye claims that wire rod imports have increased in absolute and proportional terms and this situation has caused serious damage to domestic producers. The applicant companies include Habaş Sınai ve Tıbbi Gazlar İstihsal Endüstrisi AŞ, İçdaş Çelik Enerji Tersane ve Ulaşım San. AŞ, İskenderun Demir ve Çelik AŞ, Tosyalı Filmaşin ve İnşaat Demir Üretim Sanayi AŞ, Diler Demir Çelik End. ve Tic. AŞ, while the companies which supported this application were Kroman Çelik Sanayi A.Ş. and Karabük Demir Çelik Sanayi ve Ticaret AŞ.

Supplementary Financial Charge to be Imposed:

Additional financial charges of USD 175 per ton will be imposed on wire rod imports as a temporary protection measure. This measure will be valid for 200 days. The additional financial obligation will be attached to the collateral according to the relevant provisions of the customs legislation. As a result of the investigation, if the safeguard measure is determined to be lower than the temporary safeguard measure, the amount of collateral for the difference will be returned to the relevant parties.

Tariff Quotas:

The tariff quotas were established to exempt products originating in designated countries and customs territories from temporary protection measures. The tariff quota, which is determined as 45,665 tons in total, will not exceed 15,522 tons for each country or customs region.

Details of Implementation:

The principles and procedures regarding the implementation of the tariff quota will be determined by the communiqués which will be published later by the Ministry of Trade. Additionally, if it is decided that the protection measure is not necessary as a result of the investigation, the temporary protection measure will be repealed and the amount secured by the customs authorities will be returned to those concerned.

Click here to access the relevant Decision...