Turkey has determined dumping margins on imports of hot-rolled coil (HRC) from China, India, Japan and Russia ranging between 11.65%-57.75%, according to the final declaration report of the Turkish Trade Ministry late Aug. 7 for the antidumping investigation that the country started on Oct. 31, 2023.
According to the report, the preliminary dumping margins on imports of HRC from China was determined at 20.55%-57.75%, from India 11.65%-18.26%, from Japan 39.20% and from Russia 16.11%-23.58%, depending on producers.
After receiving the opinions of the relevant parties, the final AD report will be submitted to the Board of Evaluation of Unfair Competition for final decision.
The investigation was launched on the complaint by the Turkish Steel Producers’ Association on behalf of Turkey’s largest steel producers Colakoglu, Erdemir, Isdemir, Habas, and Toscelik, and covered the period from Jan. 1, 2020 to June 30, 2023.
Veysel Yayan, general secretary of the Turkish Steel Producers’ Association told S&P Global Commodity Insights Aug. 8 that the Trade Ministry’s latest decision is an important step to prevent unfair competition in the market. He added that low-priced HRC imports, particularly from China, have risen substantially in recent years and is affecting Turkish mills’ capacity usage and profitability.
The final dumping margins are expected to enter into force by publishing in the official gazette soon following a hearing to be made in the coming weeks, Yayan noted.
Although Turkey’s overall HRC imports fell 18% on the year to 2.37 million mt in H1 on low demand amid monetary tightening policies in the country restricting demand, imports from China reached 1.1 million mt, up 10% on the year, according to the monthly Turkish Statistical Institute, or TUIK, data.
