TURKEY COATED FLAT STEEL: Prices keep rising after US reduces Turkish import tariff

Coated flat steel prices in Turkey continued to increase over the week ended Friday May 24, with demand improving in both local and export markets.

Demand in the local market improved slightly and export demand was strong because of the United States’ decision on May 17 to reduce tariffs on Turkish steel imports to 25% from the previous 50%. Coated coil producers did not accept new orders between May 17 and May 22 because they wanted to see how much the price of hot-rolled coil (HRC)...


Serife Durmus

May 24, 2019

19:30 GMT