Turkey announced anti-dumping levies on flat steel imports,
saying that shipments from European and South Korean companies were hurting
domestic producers.
Levies on imports will range from 7% to 12.8% of the purchase
price, according to a Trade Ministry decree published in the nation’s official
gazette. The decree cited steelmakers including ArcelorMittal SA, Tata Steel
Ltd., Liberty, Thyssenkrupp AG, Posco and Hyundai Steel.
“Foreign companies have been cutting prices significantly while
exporting to Turkey,” said Veysel Yayan, secretary-general of the Turkish Steel
Producers Association. “This practice disrupts the market.”
The new levies follow an investigation into trade between
October 2019 and September 2020, when flat steel imports totaled $2.05 billion,
according to the Trade Ministry. Average import prices fell to $473 a ton in
that period, from $624 per ton in 2018.
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