EU will impose temporary anti-dumping duties on Turkish HRC

The European Commission announced on January 7 that it had imposed temporary anti-dumping duties of 4.8%-7.6% on hot rolled coils imported from Turkey. Among them, Turkey’s main hot-rolled coil producer Colakoglu has the highest temporary tax rate of 7.6%, while Turkey’s largest integrated steel producer Ereli Steel has a tax rate of 5.4%, and Habas has the lowest tax rate, which is 4.8%. The temporary tariffs will take effect on January 8th and will be valid for six months. At the request of the European Iron and Steel Institute (Eurof er), the European Commission initiated an anti-dumping investigation on some hot-rolled coils imported from Turkey in mid-May 2020, and began to conduct anti-dumping investigations against imports of hot-rolled coils from Turkey in mid-November 2020. Registration, which means that anti-dumping duties will be levied retrospectively. The European Commission notified Turkish steel mills of its plan to impose temporary tariffs on December 17, 2020.

The European Union is Turkey's main hot-rolled coil export market, and the decision to impose temporary anti-dumping duties may further restrict Turkish steel mills' hot-rolled coil exports, which has previously been negatively affected by the adjustment of EU import quotas. Italy is still Turkey's largest hot rolled coil importer from January to October 2020, with an import volume of 785,500 tons, which is lower than the 867,100 tons in the same period in 2019. Spain is Turkey's second largest importer of HRC in the first ten months of 2020, with imports reaching 308,700 tons, which is far lower than the 516,600 tons in the same period in 2020.

According to the latest news report, the Turkish Ministry of Trade has started an anti-dumping investigation on hot rolled coils imported from the European Union on December 25, 2020, as a retaliatory measure against EU trade barriers.