Saudi Arabia plans to increase customs duties on steel products

摘要

Saudi Arabia plans to increase customs duties on a variety of steel products to the maximum "bound rates" permitted by the World Trade Organisation. Effective 10 June, the customs duty on billet will rise from 5 to 10, the tariff on hot rolled flat products will increase from 5 to 10-15, depending on the product, and on coated flats from 5 to 12-15, depending on the product.