The Taiwanese government has announced a new policy which extends the duration of import licenses that allow the importation of Chinese-origin
wire rods. According to the new policy,
wire rod imports from
China will be permitted from April 01 to September 30, 2007, for an additional six-month period.
The policy decision covers all carbon steel
wire rods (mesh grade and cold heating quality) and high-carbon steel
wire rods.
Taiwan had previously decided to restrict
wire rod imports from
China through an import license scheme in order to protect local low-end
wire rod makers. The government has now extended the import license period in order to regulate
wire rod distribution in the country.