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EC to eliminate temporary safeguard measure on stainless steel from South Africa- The 20th China (Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
11/16/2018 管材展-钢管展-steel tube expo-tube &pipe expo |
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According to the report, the European Commission (EC) announced on November 14th to eliminate the temporary safeguard measure on imported of stainless steel hot rolled and cold rolled plates from South Africa.
The EC indicated that the tariff exemption unable to change the overall import development of the above product in South Africa, but the other countries export volume gradually increased in recent years.
The EC explained that the temporary safeguard measure would be expired until February next year.
Before that, the steel buyer still continued to import steel products until the import quota was exhausted. If the import volume was exceeded the quota that the buyer must pay a 25% tariffs on goods.
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