Turkey should avoid reducing its import duty on hot-rolled coil (HRC) because such a move would cause dumped goods to enter the market and harm local producers, an executive with a Turkish HRC producer has told Metal Bulletin.
Turkey reduced the import duty on HRC for re-rollers to 3.5% from the previous 5% with effect from January 1, 2018."This means a state subsidy, because the state allows a tax advantage to certain producers," the executive said, noting that Turkey is not allowed to subsidize the steel sector under the rules of the European Coal & Steel Community (ECSC).Turkey imported 6.29 million tonnes of HRC under customs codes 7208 and 7225 in 2017, up by 4.98% from 5.99 million...