Turkey imposes anti-dumping duties on steel imports from China, Russia, India, Japan
In a decisive move to protect its domestic steel industry, Turkey has imposed anti-dumping duties on certain steel imports from China, Russia, India, and Japan. The decision, published in the Official Gazette on Friday, outlines tariffs ranging from 6.10% to 43.31% of the cost, insurance, and freight (CIF) prices, with the highest rates applied to Chinese imports.
This measure follows a thorough investigation prompted by appeals from local steel producers, who claimed that unfair pricing practices from foreign competitors threatened their market stability. The investigation revealed that dumping practices by these countries could significantly harm Turkey’s domestic production capabilities.
According to the published decision, the duties on imports from China will range between approximately 15% and 43%, while those from Russia, India, and Japan will face tariffs from 6% to 9%. This strategic action aims to curb “unjust competition” and ensure fair market conditions for Turkish manufacturers.
Turkey’s decision comes amid escalating trade tensions between China and the European Union, particularly regarding tariffs on electric vehicles and other goods. This backdrop also includes China’s recent complaint to the World Trade Organization regarding Turkey’s import duties on Chinese electric vehicles.
As the situation evolves, the impact of these tariffs on international trade relations and the domestic steel market remains to be seen.
