Morocco appeals WTO decision on anti-dumping duty on Turkish HRC

Morocco has filed an appeal with the World Trade Organization against its recent ruling that the country’s anti-dumping duty on Turkey-origin hot-rolled coil (HRC) violated the trade body’s rules, the WTO said on Friday November 23.

Morocco imposed a permanent 11% anti-dumping duty on Turkish HRC in August 2014, which was challenged by Turkey in October 2016.

A WTO panel made its ruling in late October this year, noting that the Moroccan government had violated the trade body’s regulations when it established dumping margins on Turkish steelmakers Çolakoglu Metalurji and Erdemir.

Morocco asked the WTO Appellate Body to review its decision on November 20.

The body has up to three months to conclude its report, the WTO said.

Turkey exported 13,908 tonnes of hot-rolled flat steel classified under customs code 7208 to Morocco in 2013, but exports of the product had fallen to 8,721 tonnes in 2017.

Most of Turkey’s HRC exports go to Europe.

Fastmarkets’ weekly price assessment for Turkish HRC exports was $510-520 per tonne fob on November 23 this year, narrowing downward from $510-530 per tonne fob a week earlier.

Do you work in the Middle East iron & steel industry?
The Middle East Iron & Steel Conference (MEIS) brings together every influential company in the steel ecosystem, creating unequaled opportunities for meeting existing and future clients, making deals and gaining crucial information to capitalize on market opportunities. Join us in Dubai this December to be a part of the single largest gathering of iron and steel decision makers in the Middle East.

Click here for more information.
 

What to read next
Ferrous scrap could serve as a linchpin in decarbonizing both the steel and shipping sectors in South Korea, particularly in the short term, while waiting for emerging technologies such as hydrogen-based direct-reduced iron to be commercialized, Fastmarkets heard at a seminar on green steel and circularity
The suspension of South32’s manganese ore operations at Groote Eylandt Mining Co (GEMCO) in Australia has been changing demand patterns among manganese ore buyers in Asia and this will benefit other manganese ore miners, market participants said on Wednesday April 24
The Brazilian Executive Management Committee for the Foreign Trade Chamber (Gecex-Camex) decided to increase steel import duties during one year to 25%, while establishing import volume quotas for 11 steel products, according to a document published on Tuesday April 23
Fastmarkets will discontinue its lithium contract price assessments, effective October 2024.
The global decarbonization drive is turning electrical steel into one of China's key ferrous products, with electrical steel exports surging in recent years, sources told Fastmarkets
China’s National Development and Reform Commission (NDRC) will work with relevant parties to regulate crude steel production, with a focus on energy saving and reducing carbon emissions. It will also release guidance on crude steel output for different steel mills later this year after a national investigation on steel capacity