NEWS

Messe Düsseldorf has decision to cancel Wire and Tube trade fair which were scheduled for December on account of the current Covid-19 infection developments.

Middle East Iron & Steel is one of the largest annual meeting of the iron and steel industry in the Middle East.

GTR Turkey will return to Hotel Fairmont Quasar in Istanbul on March 4, 2020. As the leading trade and export financing event of its kind in the country, and with established support from key industry institutions, the event will provide Turkish corporates, financiers and investors with a key platform at which to make valuable business contacts and learn from the leading figures in international trade and investment.

One of the former Polish prime ministers, a dozen or so years ago, said that in Poland large global manufactures are setting up only assembly plant. For the fastener business You cannot expect better news. The biggest number of fasteners is being used during the assembly process.

Good news for Turkish steel exporters: WTO to establish a panel

The Turkish steel exporters are extremely disappointed by this scandalous and unlawful decision of the U.S. Department of Commerce. It is clear that the purpose of this investigation was not to determine dumping or subsidization, but to block imports at all costs.

The U.S. Department of Commerce (DoC) announced its preliminary decision in the Turkish rebar countervailing duty and anti-dumping investigations, which were filed upon complaint of domestic mills.

The EU Steel Industry started to implement the Emissions Trading System (ETS) in 2005. After the launch of the ETS, EUROFER has been in a search of a policy to reduce energy costs as such costs have increased significantly. Since there was no Monitoring, Reporting and Verification (MRV) system for Greenhouse Gas emissions (GHG) between 2005 and 2012, steel plants reported excessive amounts of emissions to get more allocations created a surplus of allocations on the market. Such a surplus of allocations reduced carbon prices and, as a result, the ETS could not serve its purpose.

Namık Ekinci: “We will continue to defend the reputation of Turkish steel” The U.S. Department of Commerce (DoC) announced its preliminary decision in the Turkish rebar countervailing duty and anti-dumping investigations, which were filed upon complaint of domestic mills. According to the preliminary decision of countervailing duty investigation, the Turkish producer involved in the case is now subject to a preliminary margin of 3.47 percent. Meanwhile, the preliminary decision of the anti-dumping investigation imposed varying duties on the Turkish companies involved in the case. Criticizing the decisions as unfair, biased and political, Namık Ekinci, Chairman of the Steel Exporters' Association declared that, if their defense before the DoC failed to get a fair outcome, they would take strong action and seek justice by taking their case to the Court of International Trade and the World Trade Organization.

Chairman of the Turkish Steel Exporters' Association Comments on the Issue: In recent years, the US has taken a myriad of protective steps towards preventing the import of steel products. The World Trade Organization data shows that the US issued a total of 43 decisions to impose anti-dumping and countervailing duties from the beginning of 2013 until the end of 2015. In the first half of 2016, the US conducted 41 anti-dumping and 20 countervailing duty cases. Although we previously took every opportunity on various platforms to explain the severity of the situation for Turkey, the need to raise the issue once again has emerged.

The USA is the key playmaker for the global economic order. This role burdens the new US President Trump with a responsibility against not only his own country but also the entire world. The trade policies of Trump administration will be shaped by three individuals: Peter Navarro, Head of the White House National Trade Council; Wilbur Ross, Nominee for United States Secretary of Commerce; and Robert Lighthizer, Nominee for United States Trade Representative. Lighthizer is a partner at a Washington-based law firm and has represented the U.S. Steel in trade cases for a long time. Ross, on the other hand, was involved in the restructuring of several bankrupt steel companies.