Turkish flat steel imports down 32.4% year on year in March

Turkey imported 461,048 tonnes of flat steel in March 2019, down by 32.4% from the corresponding month in 2018, when 682,071 tonnes arrived in the country, according to the Turkish Statistical Institute (TUIK).

The country’s total flat steel imports in January-March 2019 totaled 1,460,106 tonnes, 22.11% less than the 1,874,458 tonnes imported in the same period of 2018, due to the country’s weak domestic market.

Turkey’s domestic market has been suffering since August 2018, when trade relations between the United States and Turkey soured after the US doubled trade tariffs against the country and the value of the Turkish lira plunged against the US dollar....

Published

Serife Durmus

May 07, 2019

12:30 GMT

Bursa