The Ministry of Trade in Türkiye has initiated a dumping investigation on hot-rolled flat steel products from China, India, Japan, and Russia. This inquiry stems from a complaint filed by Türkiye's Steel Producers Association, aiming to address unfair competition in imports. Parties involved have specific timelines to respond to questionnaires, crucial for determining potential findings.
The Ministry of Trade of the Republic of Türkiye has launched a significant investigation into hot-rolled flat steel products originating from the People's Republic of China, the Republic of India, Japan, and the Russian Federation. This action follows an application filed by Türkiye's Steel Producers Association, aimed at addressing potential unfair competition within imports, in accordance with the "Communiqué on the Prevention of Unfair Competition in Imports" published in October 2023.
The investigation period, spanning from January 1, 2020, to June 30, 2023, seeks to evaluate potential injury claims concerning these steel imports. As part of the investigative process outlined in the Communiqué, the Ministry of Trade will dispatch questionnaires to identified relevant parties, providing a 37-day window for responses from the date of questionnaire dispatch.
Additionally, other interested parties not initially receiving questionnaires have until the specified date of October 31, 2023, to respond within the same 37-day period. Failure to comply or provide essential information within these designated periods may prompt the Ministry of Trade to base their findings on available facts, potentially impacting the concerned party's position.
Under the Regulation on the Prevention of Unfair Competition in Imports, the Ministry of Trade holds the authority to conduct hearings where interested parties can present their perspectives orally. These hearings serve as a platform for involved parties to articulate their views and potentially influence the investigation's outcome.
The Ministry's findings, based on the collected information and responses, hold significant implications for the concerned parties. The outcome may lead to provisional or final determinations that could significantly impact trade relations, tariffs, and the dynamics of steel imports from the mentioned countries into Türkiye.
Türkiye's Ministry of Trade's initiation of a dumping investigation concerning hot-rolled flat steel products signifies a crucial step in safeguarding domestic interests and fair trade practices. The prescribed timelines for responses and the subsequent hearings serve as integral components in shaping the Ministry's findings. This investigation's outcome holds the potential to significantly influence trade relations between Türkiye and the aforementioned countries, making it a pivotal moment in the realm of international trade.