On June 24, the European Commission announced that it had launched an investigation into imports of hot-dip galvanized coils from Turkey and Russia, accusing steel producers from these countries of dumping.
According to the EU, the dumping charge is based on a comparison of the domestic price with a pick-up export price from the factory for the investigated product when sold to consumers in the European Union.
The investigation will cover the period from January 1, 2020 to December 31, 2020 and determine whether the dumped imports have caused damage to the EU industry. In addition, the European Commission announced that the study of trends related to the assessment of losses will cover the period from 1 January 2017 until the end of the investigation period.
According to trade data published by the European Steel Federation Eurofer, in the EU during the first three months of 2021, out of a total of 1.17 million tonnes of imported galvanized steel coils, 315,378 tonnes came from Turkey and 114,559 tonnes from the Russian Federation.
Spain and Italy were the main buyers of Turkish materials during this period. Belgium and Latvia were the main buyers of Russian material this year.