UK’s TRA initiates tariff rate quota review on rebar from developing countries

Tuesday, 17 January 2023 11:38:40 (GMT+3)   |   Istanbul
       

The UK’s Trade Remedies Authority (TRA) has announced that it has initiated a tariff rate quota (TRQ) review on rebar imports, subject to the safeguard trade remedy measure for over 120 developing countries, to assess whether the exceptions for imports from developing countries need to be amended based on updated import data.

As a result of the review, the TRA can recommend that imports from a developing country are now subject to the measure if it establishes that imports from the developing country have increased, taking the country’s imports above the three percent threshold for exception from the measure. On the other hand, the authority can also recommend that a developing country which was previously within scope of the safeguard measure should now be excluded if its imports have dropped below three percent of total imports of the product entering the country. 

The TRA is also planning to initiate a review for other categories of steel.


Similar articles

Longs market in southern Europe sees lack of demand, further fall in prices

27 Jan | Longs and Billet

Pakistani rebar mills close sales until further notice due to scrap shortage

27 Jan | Longs and Billet

Domestic rebar prices in Taiwan - week 4

27 Jan | Longs and Billet

Turkish domestic rebar spot prices trend up

26 Jan | Longs and Billet

Romania’s long steel retailers give discounts to revive trade, import segment active

26 Jan | Longs and Billet

UAE extends increased import duty on rebar and wire rod

26 Jan | Steel News

Turkey’s longs prices under pressure from weak local and export demand

25 Jan | Longs and Billet

US domestic rebar market trending strong

25 Jan | Longs and Billet

Tata Steel starts construction of scrap-based mill in northern Indian state of Punjab

25 Jan | Steel News

US import rebar market activity could increase soon

24 Jan | Longs and Billet