Turkiye to conduct anti-dumping investigations due to rising imports — TCUD

Turkiye should be prevented from selling steel products to the country at dumped prices and from increasing imports against the background of falling exports. Veysel Yayan, Secretary General of the Turkish Steel Producers’ Association (TCUD), told about it in the conversation with Bloomberg HT.

According to him, Turkiye is currently conducting an anti-dumping investigation against the countries of the Far East – it is planned to be completed in the coming months.

“Just as the EU and the US are applying safeguard measures against us, we need to quickly end these investigations against countries that come to Turkiye with dumped prices and seriously consider the possibility of using the instrument of safeguard measures. It is necessary to start an investigation into dumping” noted Veysel Yayan.

According to the general secretary of TCUD, a 50 percent increase in energy costs has reduced the competitiveness of Turkish steel sector, and steel production in the country has decreased by 20 percent since August, 2022, and this has affected export indicators.

Veysel Yayan also commented on potential climate tariffs that the EU and the US plan to impose on Chinese steel and aluminum. According to him, Turkish steelmakers believe in the idea of ​​decarbonization of production and are taking measures to achieve this goal. The general secretary of TCUD believes that the country’s steel industry currently produces more environmentally friendly products compared to European steel producers.

As GMK Center reported earlier, in October 2022, steel production in Turkiye decreased by 17.8% y/y – to 2.9 million tons. In 10 months, total steel production in the country fell by 10.1% year-on-year – to 30.2 million tons.

In October 2022, steel exports from the country decreased by 42.3% – to 1.1 million tons. In January-October, export volumes decreased by 18% year-on-year – to 13.6 million tons. At the same time, steel imports to Turkiye in October 2022 increased by 11.6% y/y – up to 1.2 million tons. At the same time, in 10 months it decreased by 3.6% compared to the same period last year – to 12.5 million tons.

Also, according to Veysel Yayan, the share of energy costs in Turkish steel sector has increased to 28-30% of the total costs in steel production against the background of the increase in the cost of gas and electricity. According to him, now the cost of steel production is about $700, while in other countries it is at the level of $570-580.

  • Companies

Thyssenkrupp will continue construction of a green steel plant

Thyssenkrupp is sticking to its plans to build a €3.5 billion green steel plant in…

Monday June 23, 2025
  • Global Market

Iron ore prices have been fluctuating within a narrow range since early June

As of June 20, 2025, September iron ore futures on the Dalian Commodity Exchange (DCE)…

Monday June 23, 2025
  • Industry

The UK will reduce electricity costs for industry

The UK will reduce green taxes for thousands of businesses to lower high energy costs…

Monday June 23, 2025
  • Companies

ArcelorMittal is investing €53 million in the modernization of blast furnace No. 1 in Fos-sur-Mer

Global mining and steel company ArcelorMittal has begun a large-scale modernization of blast furnace No.…

Monday June 23, 2025
  • Global Market

Malaysia extends duties on cold-rolled steel from China and Japan for another five years

Malaysia has decided to extend anti-dumping duties on imports of cold-rolled coils (CRC) wider than…

Monday June 23, 2025
  • Companies

POSCO accelerates sale of non-core businesses in China and Vietnam

South Korea's POSCO is accelerating the restructuring of its non-core overseas subsidiaries, continuing the sale…

Monday June 23, 2025