Turkey has extended its temporary safeguard measures on wire rod imports for another three years, as announced in the official gazette.
From June 15, 2024, to January 6, 2025, wire rod imports will incur a safeguard duty of USD 175 per ton. The duty will then decrease to USD 170 per ton from January 7, 2025, to January 6, 2026, and further to USD 165 per ton from January 7, 2026, to January 6, 2027.
Wire rod imports from developing countries will be exempt from these safeguard measures but will be subject to quotas. During the first period, a quota of 33,898 tons will be applied to these countries, increasing to 67,796 tons for the second and third periods. Each country or customs territory will be allocated a maximum of 11,299 tons in the first period and 22,599 tons in the second and third periods.
The products subject to the safeguard measures fall under HS codes including 721310000000, 721320000011, 721320000013, 721320000019, 721391100000, 721391200000, 721391410011, 7 21391410012, 721391410013, 721391410019, 721391490012, 721391490013, 721391490019, 721391701011, 721391701012, 721391701013, 721391701019, 721391709000, 721391900000, 721399100011, 721399100013, 721399100011, 721399901019, 721399909000, 722710000000, 722720000000, 722790100000, 72279050 0000 and 722790950000.
Earlier this year, Turkey enforced temporary safeguard measures, imposing a levy of USD 175 per ton on both alloy and non-alloy wire rod imports for a 200-day period. Additionally, Turkish authorities introduced a tariff quota of 45,665 tons specifically for wire rod originating from developing countries, with a maximum allocation of 15,522 tons from any single country.
