Turkey raised screw and wire import taxes, carbon thread and wire respectively from 15% and 12% increase to 30% 40%, boron wire from 3% to 40%. Take effect on October 18, 2014. The tax is applicable to all steel imports, Turkey, and Turkey have a customs union agreement of the European Union and free trade agreements with the Turkish state.
Market participants believe that it may aim at China's exports. In the face of the global steel overcapacity, especially production capacity in China is still on the rise, countries all over the world seek to block imports, tariff barriers and non-tariff barriers are rising trend, such as increasing import duties, anti-dumping and countervailing duties, strengthen the import license administration, strengthen the customs inspection and strengthening national standards are also restrain import measures taken.