UK steel campaigners demand action over cheap Turkish imports held in warehouses
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mirror.co.ukMinisters are tonight urged to close a loophole which allows Turkish steel firms to undercut UK rivals. Companies based in Turkey are allowed to send about 60,000 tonnes of hollow section tubes to the UK every three months without paying tariffs.
The metal is used for lampposts and road signs on British streets and highways. Any Turkish steel imports above the quota are hit with a 25% duty aimed at protecting British firms from foreign competitors.
But UK producers say the Turks are sending thousands of tonnes of steel beyond the agreed limit – meaning tariffs should be paid.
However, the metal is held in “bonded warehouses” in Britain and not released for use until the next quota period opens – allowing Turkish firms and the British
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