Anti-dumping effect on Türkiye's HRC imports! Monthly decline despite annual increase

According to data compiled by SteelRadar from the Turkish Statistical Institute (TUIK), Türkiye's HRC imports in October increased by 28.88% compared to the same month last year, but decreased by 7.90% compared to the previous month to 298,157 tons.

The total import figure for the January-October period was 3,452,695 tons in the 9-month period of last year, while this figure increased by 5.8% to 3,652,285 tons in the same period of this year.

With the decision published in the Official Gazette in October, Türkiye imposed anti-dumping on HRC imports from China, Russia, India and Japan. Following this decision, imports from China, Türkiye's top HRC import destination, dropped by 27.98% compared to the same period last year and 33.89% compared to the previous month.

While there were no HRC imports from India in October, imports from Russia decreased by 72.65% yoy and increased by 340.18% mom. Imports from Japan, on the other hand, increased by 259.48%, while imports from Russia rose by 2.42%.