Turkey imposed anti-dumping duties on some steel imports from China, Russia, India, and Japan, an Official Gazette announcement said on Friday, with the highest tariffs on Chinese imports, boosting stocks of flat steel producers.
The duties affect some four million tons of product imports with a $2-2.2 billion value, Turkish Steel Producers Association (TCUD) Secretary General Veysel Yayan told Reuters.
It said the charges range between 6.10% and 43.31% of cost, insurance, and freight prices, a move aimed at preventing unfair competition after appeals by domestic producers.
The move comes as Ankara faces growing trade tensions with China over tariffs on electric vehicles, brandy, and other goods. It comes a day after it lodged with the World Trade Organisation a complaint by China against import duties imposed on Chinese electric vehicles entering Turkey.
According to the Official Gazette, a state journal that publishes new legislation and other announcements, an investigation into hot-rolled steel imports following domestic producers’ appeals showed that the alleged dumping of steel threatened to damage the country’s production.
