01
Mar
15:03
Saudi steel customs duty reduction puzzles market
Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) website shows the kingdom’s customs duties for all steel products have been reduced significantly, leaving local market participants puzzled, Kallanish notes.
On 1 March, clearing agents informed hot rolled coil and billet importers that HRC and billet import duty has been reduced each to 5% from 15% and 10%, respectively.
When the parties wanted to elaborate on the reduction, they receiv…
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Anonymous
Very good overview of the weekly steel market.
Anonymous