Posted on 03 Apr 2024
Turkey has launched an investigation into the dumping of thick plate from South Korea based on a complaint from sole local producer Ereğli Demir ve Çelik Fabrikaları TAŞ, Kallanish notes.
The product under investigation includes hot rolled flat steel (thick plate) not in coil form under specified customs codes including 7208.51, 7208.52, 7225.99, and 7208.90.80 originating from the Republic of Korea. Also included are 7211.13.00.11.00, 7211.13.00.19.00, 7211.14.00.21.11, 7211.14.00.21.12, 7211.14.00.29.11, 7211.14.00.29.12, 7211.14.00.31.00, 7211.14.00.39.00, 7211.19.00.21.00, 7211.19.00.29.00, 7225.40.40.00.00, and 7225.40.60.00.00.
Temporary measures may be applied during the investigation, with the possibility of retroactive application of definitive measures, according to an announcement in Turkey’s official Resmi gazette.
According to some market participants, if the duty is imposed, it is expected to lead to increased prices, while import volumes are not anticipated to change significantly.
Turkish Statistical Institute (TUIK) data show that the most imported item from South Korea among the codes under investigation falls under 720851 – flat-rolled products of iron or non-alloy steel, of a width >= 600 mm, not in coils, simply hot-rolled, not clad, plated with thickness exceeding 10mm.
Source:Kallanish
