Thailand not to extend safeguard duty on steel imports

Friday, 11 January 2019 16:49:04 (GMT+3)   |   Istanbul

The government of Thailand has decided not to extend safeguard measures on hot rolled alloy steel imports after a probe, concluding that such imports do not cause injury to the domestic industry, according to a news report by Bangkok Post.

Thai deputy commerce minister Chutima Bunyapraphasara stated that, in the case of a safeguard extension, the trade partners of the country would possibly engage in retaliation.

The safeguard duties on steel imports were first imposed by Thailand between the dates of February 27, 2013 and February 26, 2016, and extended in February 27, 2016 for another three years. The duty rate was 39.1 percent.

Most Recent Related Articles

Thailand’s steel demand down 3% in Q1, but imports post big gain in March

Thailand initiates expiry review on AD duties on non-alloy HRC from 14 countries

US DOC starts circumvention inquiry on stainless steel sheet and strip imports

Thailand to end safeguard measure on non-alloy HR flat products

China extends AD duty on certain seamless pipes from EU and US