The European Commission has introduced anti-dumping duties on imports of some Turkish iron and steel products. The provisional duties, ranging 4.8-7.6% of import value, will be imposed on hot rolled flat products of iron, non-alloy or other alloy steel originating from Turkey. The duties will apply for six months, by which point the investigation should have concluded. The EU will collect these provisional taxes if its investigation confirms dumping. The European Commission said “Provisional measures should be imposed to prevent further injury being caused to the union industry by the dumped imports.”
Habas Sinai Ve Tibbi Gazlar Istihsal Endustrisi AS – 4.8%
Erdemir Group (Eregli Demir and Isdemir) – 5.4%
Agir Haddecilik AS - 5.9%
Borcelik Celik Sanayii Ticaret AS – 5.9%
Colakoglu Metalurji AS – 7.6%
All other companies - 7.6%
The EU opened an investigation into whether Turkey was dumping hot-rolled flat steel products in May, responding to complaints from the European Steel Association. Turkey is among the leading exporters of finished steel products to Europe. In December, the commission informed relevant companies that the probe found that dumping had occurred.
Turkish Steel Producers Association TCUD head Mr Veysel Yayan told media that the Turkish firms affected by the duties will appeal against the decision individually.