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17 Sep
12:03

Thailand exempts six firms from import duties

Thailand has exempted six steel importers from safeguard duties charged on alloy steel hot rolled coils. The move comes as Thailand attempts to combat the flood of material arriving from major East Asian producers while still acknowledging that its own demand outstrips what it can produce, Kallanish notes. I.T.C. Intercuts, Femtobit Steel, Leong Gin Special Steel (Thailand), Loyal Contact and MRP Engineering Co. will be exempt from paying the duties until 27 Feb…
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