The duties will range from 4.34% to 9.4%

Turkey has imposed definitive anti-dumping duties of 4.34-9.4% for a period of five years on imports of thick-gauge rolled steel from South Korea, Steel Orbis reports.

The relevant announcement was published in the country’s Official Gazette.

The duty for POSCO is 4.37%, for Hyundai – 4.34%, and for other South Korean producers – 9.4%. The dumping margin is calculated as a percentage of the CIF price.

The products subject to the investigation fall under customs codes 7208.51, 7208.52, 7225.99, 7208.90.80, 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.

The investigation covered the period from January 1, 2023, to December 31, 2023, and showed that imports of thick-gauge rolled steel from South Korea were dumped and caused damage to the local industry.

At the end of July this year, the South Korean Trade Commission (KTC) recommended that the Ministry of Economy and Finance impose preliminary anti-dumping duties on imports of hot-rolled carbon and alloy steel (HRC) from China and Japan ranging from 31.58% to 33.57% on Japanese HRC and from 28.16% to 33.1% on Chinese products.

At the beginning of the year, South Korea imposed temporary anti-dumping duties on Chinese companies for imports of thick-gauge rolled steel used in shipbuilding and construction. The Trade Commission announced that the tariff rate would range from 27.91% to 38.02%. 

Source: GMK Center