SteelOrbis is told by market sources that, the Israeli officials were instructed to double check all data on rebar imports and report findings by the end of the year, as the government reportedly sees no reason to impose any additional taxes or quotas for the time being.
Israeli ports and customs are expected to receive relevant instructions within this week, to stop deposit collections and return all deposits ($133/mt) collected on reinforcing bar imports so far.
This is particularly good news for the European exporters. Previous reports were pointing out a proposed quota of only 25,000 metric tons for European mills, and 245,000 metric tons for Turkey. If no quota will be imposed, the European mills will be able to enjoy free competition in the market.
As SteelOrbis previously reported, on June 17 the Israeli government has announced the imposition of $133/mt temporary guarantee deposit payment on all rebar imports into the country, valid for a period of six months, following the antidumping duty investigation against imports from Turkey, Spain and Italy.