According to the Turkish Statistical Institute (TUIK), Turkey’s stainless steel imports, under HS codes 7219 to 7220, totaled 755,000 tons in 2021, hiking by 24.8% compared to the previous year. The increase was mainly due to increased domestic demand and China’s competition of low prices.
In 2021, Turkey’s stainless steel import value was USD 1.68bn, a year-on-year increase of 54%. The imports from China occupied the largest share, totaling roughly 290,000 tons, up by 81% year on year.
Turkey has lowered the import tariff on cold-rolled stainless steel sheets from 12% to 8% since this year, which meant that the domestic demand has hiked. This tariff does not apply to countries that have free trade agreements with Turkey, such as the EU countries.