Turkey Implements Final Anti-Dumping Measures Against “Hot Rolled Flat Steel” Imports
Turkey recently imposed definitive anti-dumping duties on hot-rolled flat steel (HRC) imports from China, India, Japan, and Russia, as a result of the ongoing anti-dumping investigation aimed at protecting its domestic steel industry. Published in the Communiqué No.2024/33 dated 11 October 2024, the decision reflects Turkey’s strategy in favor of local iron-steel sectors.
One of our consultants represented Russia’s major steel producer during this investigation. Thanks to our extensive experience and strategic advocacy, Russian producer-exporter received one of the most favorable outcomes, with a duty rate of 6.1%, which is the lowest imposed across all countries involved. This rate is demonstrating the efficacy of TDC Global’s approach in obtaining minimized duties for our clients.
Analysis of Duty Rates by Country
- China: Duties for Chinese companies are widely variable, reflecting Turkey’s differentiated approach to Chinese HRC producers. Notable rates include:
- Han Steel Group Hanau Iron and Steel Co., Ltd : 36.37%
- Qian’an Iron&Steel Company of Beijing Shougang Co., Ltd : 22.61%
- Rizhao Steel Holding Group Co., Ltd : 27.92%
- Shanghai Meishan Iron and Steel Co., Ltd : 15.42%
- Shanxi Taigang Stainless Steel Co., Ltd : 17%
- Shougang Jingtang United Iron&Steel Co., Ltd : 24.57%
- Zhangjiagang Hongchang Plate Co., Ltd : 26.39%
- Other Chinese companies face the highest duty of 43.31%, indicating stringent measures for less compliant or smaller producers.
- India: Tata Steel benefits from a favorable rate of 6.1%, while other Indian producers are subject to a 9% duty, a higher but moderate measure aimed at stabilizing imports without completely restricting access.
- Japan: A flat rate of 9% is applied uniformly across all Japanese companies. This standardized approach suggests a balanced view by Turkish authorities on Japan’s role in the market, potentially seeing it as less aggressive in undercutting prices compared to China.
- Russia: Similar to India, Russia sees a differentiated approach with MMK and NLMK receiving the lowest duty rate of 6.1%, while other Russian companies are imposed a higher rate of 9%.
Strategic Implications
These anti-dumping measures reflect a nuanced approach by Turkey to target specific companies and countries differently. For clients, obtaining the lowest possible duty rate not only minimizes costs but also preserves competitive advantage in Turkish market. TDC Global’s targeted representation, in partnership with these leading industry players, ensures that our clients can continue to operate with minimal trade barriers, highlighting our expertise in navigating complex regulatory landscapes.
TDC Global’s Role
Through strategic advocacy and deep industry knowledge, TDC Global helps companies effectively respond to anti-dumping investigations, securing outcomes that align with business objectives. Our proactive approach and commitment to each client’s success in trade compliance make us a valuable partner in the global steel and manufacturing industries.
