Date: 29 May 2016 , 00:00
News ID: 326
NEWS SERVICE: IRON and STEEL

Call for Higher Tariffs on Steel Imports

Small steelmakers risk going out of business unless import tariffs are raised, says Rasoul Khalifeh-Soltan, the chairman of Steel Producers Association.
Call for Higher Tariffs on Steel Imports

“Considering the global recession in the steel market and China’s steelmaking overcapacity, we demand that the government increase import tariffs to 30%,” he was quoted as saying by Donyaye Eqtesad. The government’s newly approved import tariffs include a 5% hike for steel ingots to 15%; 10% jump for hot and rolled sheets to 20%, in addition to a 10% rise for plated steel sheets to 20%. Many steelmakers believe the government is on the right path, but has not gone far enough to fully protect the domestic mills. The United States has recently imposed a 522% import tariff on steel imports from China.

source: Financial Tribune
Tariffs Steel Steelmakers Iran Rasoul Khalifeh-Soltan
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