Industry News

Turkish home appliance manufacturers express concerns over anti-dumping investigations

Views : 108
Update time : 2024-11-05 16:59:44
The Turkish White Goods Manufacturers Association (TÜRKBESD) has expressed concerns over the potential impact of ongoing anti-dumping investigations on materials like stainless steel and sheet metal, which could lead to higher production costs and inflation.

Taxes on key materials, including stainless steel, sheet metal, and polystyrene (17-18% of production costs), could raise product prices by 5% and weaken international competitiveness.

This situation may reduce Turkish manufacturers' global market share and export capacity. In September, Turkey's domestic white goods market saw a 15% drop in sales, exports fell 34%, and overall production decreased by 37%. TÜRKBESD reported a 4% increase in domestic sales but a 6% drop in exports, resulting in a 3% decline in total sales for the first nine months of 2024.
Related News
Read More >>
Public consultation opens for Fujian Bangte’s stainless steel pipe expansion project Public consultation opens for Fujian Bangte’s stainless steel pipe expansion project
May .15.2025
Public consultation opens for Fujian Bangte’s stainless steel pipe expansion project
Tata Steel has Rs 15,000 crore capex plan for FY26 spanning India, UK, Netherlands operations Tata Steel has Rs 15,000 crore capex plan for FY26 spanning India, UK, Netherlands operations
May .15.2025
Tata Steel has Rs 15,000 crore capex plan for FY26 spanning India, UK, Netherlands operations
Rio Tinto to launch Simandou iron ore shipments in Nov Rio Tinto to launch Simandou iron ore shipments in Nov
May .15.2025
Rio Tinto to launch Simandou iron ore shipments in Nov
Iron ore prices break through $102 mark Iron ore prices break through $102 mark
May .15.2025
Iron ore prices break through $102 mark