Jun 30, 2022
Turkish producers anticipate EU, Korea HRC anti-dumping duty
2022-07-05
The Turkish Ministry of Commerce is expected to make an announcement next week on the imposition of an anti-dumping duty on hot rolled coil imports from the EU and South Korea, Kallanish learns from market participants.
The investigation, initiated in January 2021 following a complaint filed by the Turkish Steel Producers’ Association, has been completed. The ministry found that European and South Korean producers made sales at less than normal value during the review period. The period investigated was one year through 30 September 2020.
“What we are looking for is a proper answer to the EU after all that they have done towards Turkey for the last four years,” Turkish Steel Exporters’ Association (CIB) vice chairman and Colakoglu chief executive Ugur Dalbeler tells Kallanish. “We all knew that EU mills are selling their products with huge dumping margins; now, the authorities also found the same, and, therefore, they have to act immediately to stop this unfair action.”
The ministry established weighted-average dumping margins for ArcelorMittal at 39.83%, for Tata Steel at 30.64%, and for Liberty Steel and thyssenkrupp at 23.30%, with all other European exporters being found to have had a dumping margin of 49.84%. South Korean exporters’ weighted-average dumping margins were found to have been 14.62% for Posco, 14.08% for Hyundai Steel and 18.59% for others.
“Our demand is for AD duties for EU and South Korean producers to be set at the same level of dumping margins calculated by the authority,” Dalbeler adds.
The European Commission implemented definitive anti-dumping duties on imports of Turkish HRC in July 2021. Slightly reduced from the provisional measures implemented in January 2021, they were imposed at 4.7-7.3%, depending on the supplier, as compared to provisional measures at 4.8-7.6%. Although relatively low, the implementation of duties has affected the flow of Turkish material into EU, as it competes with other, often lower-priced suppliers from Asia.
Turkish hot-rolled flat product exports in April amounted to 163,631 tonnes, down 17.2% on-month and 18.8% on-year, with year-to-date shipments inching up 0.6% on-year to 639,406t. The majority went to the Middle East and North Africa.
Katya Ourakova UK
Source: Eurometal
