How to break the situation in the logistics industry, the UK and the EU impose a 25% tariff on steel products (16 categories of Chinese products are listed)
In 2021, the post-Brexit UK announced that it would retain its quota tariffs on imported steel for three years.
In June 2023, the European Commission (referred to as: European Commission) submitted a statement to the World Trade Organization confirming its decision to extend steel safeguard measures for 26 steel products until June 30, 2024.
So what steel products are there in China?
Will you encounter quota tariffs when entering the UK and EU?
We can refer to the European CommissionAccording to the announcement issued in 2019, among the 26 categories of taxed products, 16 categories of Chinese steel products exported to the EU were subject to additional safeguard tariffs, with a total of 179 customs tariff numbers.
this16 categories of products include:
(1) Electrical Sheets (other than GOES);
(2) Metallic Coated Sheets;
(3) Tin Mill products;
(4) Stainless Hot Rolled Sheets and Strips;
(5) Stainless Hot Rolled Quarto Plates;
(6) Non Alloy and Other Alloy Merchant Bars and Light Sections;
(7) Stainless Wire Rod;
(8) Steel sheet pile (Sheet Piling);
(9) Railway Material;
(10) Hollow sections;
(11) stainless steel seamless pipe and profiled materials (Seamless Stainless Tubes and Pipes);
(12) Other Seamless Tubes;
(13) Large welded tubes;
(14) Other Welded Pipes;
(15) Non-alloy and other alloy cold finished bars (Non-alloy and other alloy cold finished bars);
(16) Non Alloy Wire.
The EU has imposed a 25% tariff on my country's steel industry, which means that steel exports to the European market will face severe challenges. Against this background, the logistics and transportation industry will also be affected. How to deal with this situation and improve the competitiveness of our country's steel industry has become a problem. Please pay attention to us, we will bring you new industry trends and policy interpretations.
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