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Turkey to lower import tax on certain steel products

Turkey has announced to decrease current import tax on certain steels few days ago. As a result, the import tariff rate on hot rolled steels is at 9% while 10% on cold rolled steel which is down by 4% from previous level. On the other hand, the import tax on hot dip galvanized steels and pre galvanized steels remain the same at 15%.  For hot rolled steels imported for cold forming process, the import tax is only 5%.

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