The European Commission will impose an anti-dumping duty of 4.6% to 7.8% on imports of some Turkish steel products. CEO of major Turkish steelmaker Colakoglu told S&P Global Platts on Dec. 17.
HRC anti-dumping investigation since May 2020
The EU Commission had launched an anti-dumping investigation into imports of certain hot-rolled flat products from Turkey in mid-May. The European steelmakers’ lobby association Eurofer had submitted a request to that effect.
“The EU Commission’s latest tariff decision is another step to block imports from Turkey,” Colakoglu CEO Ugur Dalbeler said. “As long as Turkey does not respond to the EU with countermeasures, it seems that it will continue its steps in this regard.”
Highest provisional duty at 7.6 %
According to the EU decision document seen by steelnews.biz, Colakoglu is subject to the highest provisional duty of 7.6%, while Turkey’s largest integrated steel producer, Erdemir Group (Erdemir and Isdemir), has a duty of 5.4%.
Habas has the lowest duty at 4.8%, while Borcelik and Agir Haddecilik have a duty of 5.9%. All other Turkish companies are subject to a provisional duty of 7.6%.
Turkish HRC imports to be registered since November 2020
The EU Commission had announced in November that imports of hot-rolled flat steel from Turkey would be registered as of November 13 as part of its anti-dumping investigation. Which means that retroactive duties can also be levied from this date.
The EU is Turkey’s main HRC export market and the tariff decision could limit exports from Turkish mills.
Italy most important Turkish hot-rolled coil export market
Despite quotas and safeguards, Italy remained Turkey’s top HRC export market from January to October at 785,500 mt, according to data from the Turkish Statistical Institute (TUIK). The total was lower than the 867,100 mt in the same period of 2019.
Spain became Turkey’s second largest export destination in the first 10 months of 2020 with 308,700 mt, also significantly lower than 516,600 mt in the same period last year.
The EU has not yet formally confirmed its intention to impose the tariffs.
Source: spglobal.com
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