Morocco terminates safeguard measures on wire rod and rebar imports

Friday, 08 December 2023 14:18:37 (GMT+3)   |   Istanbul
       

Morocco’s Ministry of Industry and Trade has notified the World Trade Organization (WTO) that it has terminated the safeguard measures on imports of wire rods with a diameter of 5.5-14 millimeters and reinforcing bars with a diameter ranging from 5.5 millimeters to 40 millimeters as of October 16, 2023. The reason for the termination was that the total period of the measures, including the initial application and the extensions, had reached 10 years.

The measures were first imposed on imports exceeding the import quota volumes set by the government in 2013 and then extended three times, based on the fact that imports would continue to increase in the coming years and that there was a real risk of imports of these products increasing after the measures was terminated. During this period, the import quota volumes were updated regularly, in line with changing market conditions and needs in the Moroccan domestic market.

The products subject to the investigation fell under Customs Tariff Statistics Position Numbers 7213.91.90.00, 7214.20.90.00 and 7214.99.91.00.


Similar articles

Local Chinese longs prices down further, second week after holiday starts negatively

26 Feb | Longs and Billet

Romania’s sole rebar mill raises prices, spot market remains stable

22 Feb | Longs and Billet

Some ex-ASEAN wire rod offers retreat amid weakness in China, but further falls doubtful

22 Feb | Longs and Billet

UK’S TRA proposes safeguard extension for 15 steel product categories for further two years

22 Feb | Steel News

Egypt’s Ezz Steel adjusts domestic prices once again

21 Feb | Longs and Billet

Turkish longs exports silent, buyers wait and see

21 Feb | Longs and Billet

Stocks of main finished steel products in China up 10.4% in early Feb

20 Feb | Steel News

Local Chinese longs prices only rise slightly after holiday, futures down

19 Feb | Longs and Billet

Southern European longs market stable, difficult to make predictions

16 Feb | Longs and Billet

Romanian retail longs prices stable amid sluggish domestic market

15 Feb | Longs and Billet