Turkey reduces HRC import duty for rolling mills

According to Turkey’s Ministry of Economy, while the import duty for hot rolled coil (HRC) has remained the same as of January 1, 2018, the five percent import duty collected from rolling mills for HRC imports has been reduced to 3.5 percent.

In the January-October period of 2017, Turkey imported 3.5 million mt of HRC, while the country’s HRC imports amounted to 3.63 million mt in 2016.