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EU imposes duties on some Turkish iron, steel imports

Christian Fernsby |
The European Union will impose tariffs from Friday on hot-rolled iron and steel products from Turkey based on an ongoing investigation into dumping.

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Topics: TURKISH   

The duties will range from 4.8% to 7.6% and affect Turkish companies Erdemir, Isdemir, Colakoglu Metalurji and Habas, according to the text of the EU official journal published on Thursday.

The complaint shows that EU steel consumption was 4% lower in 2019 than 2016, while Turkish exporters increased their market share to 8.1% from 2.8%, partly due to EU measures against other steel exporters such as China and Brazil.

However, while Turkish prices rose overall, they were still consistently less than prices of EU producers, the investigation showed.

Turkey exported some $3 billion of hot-rolled steel to the EU in 2020, according to Ugur Dalbeler, deputy chairman of Turkey’s Steel Exporters’ Association.

The duties will apply for six months, by which point the investigation should have concluded. The EU will collect these provisional duties if its investigation confirms dumping, it said.

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