Turkish coated coil prices continue to fall, European Commission starts to apply anti-dumping duties

Turkish coated coil prices continue to fall, European Commission starts to apply anti-dumping duties Coated coil prices in Turkey’s local and export markets continued to fall in the week ending Friday 12 August as demand remained weak, sources told Fastmarkets. In addition, the European Commission announced that it had begun imposing definitive anti-dumping duties on coated coils from Turkey and Russia, according to a statement dated 11 August.

The Commission had announced the duty rates in May 2022 and the same rates have been implemented.

The imposition of duties is unlikely to have a significant impact as Russian material is already sanctioned by the EU, according to an EU source.

The anti-dumping duty will apply to exports from Turkey to Europe, while Vietnam was added to the HDG quota for safeguard duties earlier. As a result, the EU’s supply of HDG will be reduced, the source said.

However, demand is already low in the region, the source added.

Domestic prices
Fastmarkets’ weekly price assessment for domestic hot-dip galvanised steel coil, exw Turkey was $730-750 per tonne on 12 August, rising from $780-820 per tonne on 5 August.

Turkish producers were offering 0.5mm thick HDG with Z100 coating at around $730-770 per tonne ex-works, up from $780-820 per tonne ex-works last week.

Fastmarkets’ weekly price assessment for pre-painted galvanised steel, domestic, exw Turkey was $830-850 per tonne on Friday, rising from $880-900 per tonne on 5 August.

Bid prices for pre-painted galvanised iron, also known as colour – 0.50mm thick coated coils with colour code 9002 cost $830-$870 per tonne ex-works during the week, but buying was very low.

HDG exports
Fastmarkets’ weekly price assessment for HDG steel, export, fob Turkey was $730-750 per tonne on 12 August, rising to $800-830 per tonne on 5 August.

Bids from Turkish producers were $730-$770/tonne fob for 0.50mm thick HDG with Z100 coating, but no major bids were heard.

Published by: Serife Durmus
Julia Bolotova in Brussels contributed to this article.