CIB comments on Morocco’s 11 percent AD duty on Turkish HRC

Friday, 15 August 2014 17:57:58 (GMT+3)   |   Istanbul
       

Regarding the 11 percent antidumping (AD) duty imposed on Turkish hot rolled flat steel imports, the Turkish Steel Exporters Association (CIB) has said that the Moroccan authorities did not specify how the duty rate was calculated and what kind of injury the Turkish imports caused in the Moroccan market. The antidumping duty rate was calculated at zero percent for Turkish steelmakers Colakoglu and Erdemir.
 
CIB chairman Namık Ekinci said that Turkish steel industry's exports to Morocco in the first seven months of the current year amounted to $207 million in value. He went on to say that, during the antidumping investigation period, Morocco prevented Turkish steel products entering the market via non-tariff barriers. Turkish steel exports to Morocco stopped because the Moroccan authorities did not issue the required import certificate during the investigation period. Mr. Ekinci said that, because of this, Turkey has not exported hot rolled flat steel products to Morocco since the end of March this year.
 
In January 2013, Morocco's Ministry of Foreign Trade initiated an antidumping duty investigation against hot rolled flat steel imports from the European Union and Turkey upon the request of the domestic steel producer Maghreb Steel.
 
The goods subject to investigation are currently classified under Harmonized System code numbers 7208 (excluding 7208.10 and 7208.40), 7211.13, 7211.14 and 7211.19.

Similar articles

Flat steel prices in local Taiwanese market - week 17, 2024

25 Apr | Flats and Slab

Major steel and raw material futures prices in China – Apr 25, 2024 

25 Apr | Longs and Billet

Stocks of main finished steel products in China down 5.4% in mid-April

25 Apr | Steel News

China issues serious warnings to non-VAT exporters, effect on prices too uneven so far

24 Apr | Flats and Slab

Import HRC offers lack clarity in Turkey amid non-VAT trade probe in China

24 Apr | Flats and Slab

Ex-China CRC offer prices rise slightly despite slow trade

24 Apr | Flats and Slab

Ex-Japan HRC prices fall in April, so exports sales accelerate, price trend may reverse in May

24 Apr | Flats and Slab

GCC buyers favor ex-Japan HRC as low Chinese prices off the table

24 Apr | Flats and Slab

Import HRC prices rise in new deals in Vietnam, outlook dimmed by non-VAT investigation in China

24 Apr | Flats and Slab

China’s Wu’an Xin Feng to build HRC plant in Egypt

24 Apr | Steel News