Turkish Consumption Rises to 550,000 Tons: Need to Revoke Stainless Steel Anti-Dumping Duty

According to IDDMIB news on January 2, 2024, Fikret Kaya, a member of the Supervisory Committee of the Istanbul Ferrous and Non-Ferrous Metals Exporters’ Association (IDDMIB), stated that the 8% anti-dumping duty on stainless steel must be abolished. He emphasized that stainless steel, primarily sourced from the Far East, is a major raw material used in Turkey, and Turkey should produce its own stainless steel to replace imports.

Fikret Kaya expressed that the stainless steel tariff has reduced Turkey’s competitiveness relative to Asian producers. Turkey is the third-largest user of stainless steel in Europe. He stressed that cost calculations are based on raw materials, and it is important that major raw materials should be produced locally.

Kaya pointed out that Turkey exports scrap steel and ferrochrome cheaply, and if ferrochrome were used in the domestic market, Turkey would be competitive in the export market, with just the raw material cost of stainless steel increasing by 24%. Turkey’s stainless steel consumption capacity has increased to about 550,000 tons, and to prevent imports, stainless steel should be produced locally. Fikret Kaya suggested that at least three stainless steel plants should be established in Turkey to meet the standards of developed countries.

[Source – 上海有色网] 土耳其的消费力增至55万吨 有必要撤销不锈钢反倾销税

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