EU Human Rights Commission tightens requirements for Turkey, Vietnam
The use of the EU's tariff quota for hot rolled sheet (TRQ) in the second quarter shows that Turkey and Vietnam will reduce their quotas by April 22, after India's quotas were previously exhausted and exceeded, Kallanish notes.
In physical terms, Turkey has seen the largest reduction in quotas among countries of origin, with only 24% remaining available, while Vietnam is the most limited of the "other countries", with only 2% of quotas available.
As of April 22, Turkiye had 96,662 tons remaining out of the planned 398,355 tons. The quota for a specific country in India has been completely exhausted, there are no remaining balances or available volume. Vietnam has only 2,466 tons left in stock.
Among other major suppliers, South Korea retains significant availability: 134,726 tons, or 84%, are still available. In the UK and Serbia, 94% and 90% of quotas are still available, respectively.
The distribution in the "other countries" category was mixed. In addition to Vietnam, Algeria also showed a noticeable load, where 38% remained, while 67% was available in Egypt and 64% in Taiwan. Japan remains open at 93%, while Switzerland, the United States, Libya and Canada are virtually unaffected.
Distribution of EU tariff rates (in tons) for HR sheet/tape (category 1A) for the 2nd quarter Origin Transaction volume Balance PendingDistribution
Available in stockTons
Available%
Turkey 398,355 103,346 6,684 96,662 24 India 225,306 – – – – South Korea 161,305 134,785 59 134,726 84 United Kingdom 139,411 131,685 3 131,601 94 Serbia 142,521 130,377 1,492 128,885 90 Other countries: Egypt 111,491 74,225 – 74,225 67 Vietnam 111,491 36,495 34,029 2,466 2 Japan 111,491 103,150 – 103,150 93 Taiwan 111,491 71,128 – 71,128 64 Australia 111,491 86,071 1 86,070 77 Switzerland 111,491 111,446 1 111,445 100 United States 111,491 111,484 – 111,484 100 Libya 111,491 111,491 – 111,491 100 Canada 111,491 111,491 – 111,491 100 Algeria 111,491 42,052 – 42,052 38Source: EU TARIFFS, as of April 22. Observed by Callanish
Author: Elina Virchenko
Kallanish.com