Quotas, duties, falling prices push Turkish flat steel exports down by 6.4% in 2019

Turkey exported 5,609,697 tonnes of flat steel products in 2019, a decrease of 6.43% compared with 5,995,470 tonnes in 2018, according to the Turkish Statistical Institute (TUIK).

Strong demand for flat steel, especially in Europe and North Africa, was the main factor behind the increase in the country’s flat steel exports.
In addition, local demand for steel in the Middle Eastern country was not strong in 2019, so producers targeted the export markets.
The European Commission (EC) imposed definitive safeguard duties on imports of 23 steel products in February 2019.

The commission later set a limit of 30% of the overall total...


Serife Durmus

February 05, 2020

19:38 GMT