Kibar Holding CEO Haluk Kayabasi expressed optimism about the potential implementation of an anti-dumping tariff on stainless steel imports during his interview at the International Economic Summit with CNBC-e. Speaking on the ongoing anti-dumping investigation in the stainless steel sector, Kayabasi stated, “Talks are currently being held with China, and a visit to Indonesia is planned for May. I hope that following this visit, an anti-dumping tax will be imposed.”
Kayabasi provided detailed insights into the process, noting:
“We submitted our application to the Ministry of Trade. Investigations have been ongoing since June last year. As part of the investigation, our company was visited, and all necessary inspections were conducted. We provided the required documentation. Currently, discussions are underway with China, and an official trip to Indonesia is scheduled for May. I expect and hope that an anti-dumping tax will be announced after this visit. If it doesn’t happen, we will continue to face the same challenges. Without the tariff, we will be negatively impacted as import prices will rise.”
Other Key Highlights from Kayabasi’s Statements:
“Additional tariffs may have short-term negative effects”
“If additional tariffs continue to increase, we will be negatively affected for a while. However, these tariffs will push up our competitors’ prices. We may continue selling the same products to the U.S. gradually, but there will be short-term adverse impacts.”
“Production costs for industrialists must be reduced”
“The most critical step to take in the economy is to reduce production costs for industrialists. Due to current production costs, we can no longer compete in markets where we sell our products alongside competitors. Raw materials, energy, and labor costs have all surged. We can’t recover the final cost. However, the country’s economic recovery is more important. Until the Medium-Term Program (OVP) is successfully implemented and achieves the necessary results, we will continue as we are.”
Kayabasi’s remarks underscore the broader challenges facing Türkiye’s manufacturing sector, especially amid global competition and fluctuating import dynamics.
Source: CNBC-e/ Prepared by: İlayda Gök