According to the report, the European importer currently processing customs clearance procedures for hot-dip galvanized (HDG) products classified as 4B by the European safeguard measure, while they waited for tariff issues all become clearer.
Last week, those products had conducted the latest import quota and reached the quota within a day.
Some market participants explained that the resources had been completed the customs clearance by nearly 530,000 tons in the European port, the number was more than the available quota by 200,000 tons. So that, the trader estimated to pay the tariff of 6.25% with around EUR30-50/ton.
In addition, the European Commission might ask the ports to postpone taxation, because they needed to check whether all imported products meet the classification requirement of 4B. They might also solve the problem by raising import quotas.
Source from Yieh Corp |