UPDATE 1-EU imposes duties on some Turkish iron, steel imports reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Publishing date: Jan 07, 2021 • January 7, 2021 • 1 minute read •
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ISTANBUL The European Union will impose tariffs from Friday on hot-rolled iron and steel products from Turkey based on an ongoing investigation into dumping.
The duties will range from 4.8% to 7.6% and affect Turkish companies Erdemir, Isdemir, Colakoglu Metalurji and Habas, according to the text of the EU official journal published on Thursday.
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The complaint shows that EU steel consumption was 4% lower in 2019 than 2016, while Turkish exporters increased their market share to 8.1% from 2.8%, partly due to EU measures against other steel exporters,= such as China and Brazil.