Minews - Turkey removes customs duty on iron ore imports from 2015

(Minews) - Turkish customs duty on iron ore imports has been removed for 2015 import regime published in the office gazette few days ago, according to Turkish steel producers association (TCUD).

The customs duty for import of iron ore, which is the main steelmaking raw martial, had been at one percent.

The TCUD said that iron ore imports accounts for 60 percent of Turkey’s iron ore consumptions, in 2014, Turkey import 8 million mt valued at $1 billion. The removal of customs is expected to provide saving of $10 billion for the domestic steel industry.