Jan 08, 2021
EU IMPOSES PROVISIONAL ANTI-DUMPING DUTY ON TURKISH HRC
2021-01-15
The European Commission (EC) announced on Jan. 7 it has imposed a provisional anti-dumping duty of 4.8%-7.6% on imports of hot-rolled coil from Turkey.
According to the EC document published at the Official Journal of the European Union on Jan. 7 seen by S&P Global Platts, major Turkish HRC producer Colakoglu is subject to the highest provisional duty of 7.6%, while Turkey’s largest integrated steel producer, Oyak Maden Metalurji Group (Erdemir and Isdemir), has a duty rate of 5.4%.
Habas has the lowest duty at 4.8%, while Borcelik and Agir Haddecilik will face a duty of 5.9%. All other Turkish companies will have a provisional duty of 7.6%.
According to the document, the products currently fall under CN codes: 7208 10 00, 7208 25 00, 7208 26 00, 7208 27 00, 7208 36 00, 7208 37 00, 7208 38 00, 7208 39 00, 7208 40 00, 7208 52 10, 7208 52 99, 7208 53 00, 7208 54 00, 7211 13 00, 7211 14 00, 7211 19 00, ex 7225 19 10 (TARIC code 7225 19 10 90), 7225 30 90, ex 7225 40 60 (TARIC code 7225 40 60 90), 7225 40 90, ex 7226 19 10 (TARIC code 7226 19 10 90), 7226 91 91 and 7226 91 99.
The provisional duties will enter into force on the day following that of its publication in the Official Journal of the European Union Jan. 7 and will be valid for a period of six months.
The EC launched an anti-dumping investigation into imports of certain hot-rolled flat products from Turkey in mid-May following a request by European steelmakers group Eurofer, and the EC informed Turkish mills on Dec. 17, 2020 about its intention to impose provisional anti-dumping duties on imports of certain Turkish hot-rolled flat products, as Platts has reported.
The EC said in November that imports of hot-rolled flat steel from Turkey would be subject to registration from Nov. 13 as part of its anti-dumping investigation, meaning retroactive duties also can be applied from this date.
The EU is Turkey’s main HRC export market and the duty decision could limit Turkish mills’ exports further, which were already negatively effected by the EU quotas.
Turkey is expected to answer the EU’s latest anti-dumping duty move by a countermeasure soon. The Turkish Trade Ministry informed involved parties the last week of 2020 that it has decided to start a dumping investigation of HRC imports from the EU region and South Korea, top Turkish industry executives told S&P Global Platts, as reported.
A Turkish industry executive told Platts on Jan. 6 that he recently confirmed with the Turkish Trade Ministry that a presidential decree about the HRC investigation in question will be published probably within the coming week following the completion of the legal procedures.
— Cenk Can
Source: Eurometal
