The anti-dumping investigation launched by the EU against Turkish HRC stands out as a development that challenges Türkiye's competitive position in this market. In particular, the news of this investigation has created an uncertainty that questions the future position of Turkish steel in the EU market. Turkish producers have had to compete with low-cost products from Asia and North Africa, and in the process have been struggling to maintain their position in the European market.
In Türkiye's domestic market, HRC prices hover in a wide range of EUR 610-620/ton. However, price offers from China are putting Türkiye's local market under pressure. The low prices offered by Chinese producers for Türkiye are pushing the margins of local producers and negatively affecting market dynamics. This is causing many buyers to prefer to wait until the market reaches a tipping point.
In this turbulent environment, the Turkish steel industry has to take strategic steps both in the domestic market and in key export markets such as the EU. Türkiye is looking for new ways to maintain its share in the European market, while at the same time trying to stabilize the domestic market under pressure from China. These developments stand out as key factors that will determine the future market dynamics of Turkish steel.
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