EU hits Turkish steel with provisional tariffs

Eregli Demir ve Celik Fabrikalari

07/01/2021 09:29

BRUSSELS, Jan 7 (Reuters) - The European Union will impose
tariffs on hot-rolled iron and steel products from Turkey from
Friday on the basis of an ongoing investigation into complaints
that Turkish exporters are selling at excessively low prices.
    The tariffs of between 5.9 and 7.6% will apply to Turkish
steelmakers including Eregli Demir  EREGL.IS , the EU official
journal said on Thursday. They will apply for six months, by
which point the investigation should have concluded.
    The investigation, launched in May, follows a complaint from
European steelmakers association Eurofer.
    
    

 (Reporting by Philip Blenkinsop, editing by Marine Strauss)
 ((philip.blenkinsop@thomsonreuters.com; +32 2 585 2869; Reuters
Messaging: philip.blenkinsop.thomsonreuters.com@reuters.net))