Turkish flat steel imports fall 20% in May vs last year
Turkey imported 461,928 tonnes of flat steel in May 2020, down by 20.5% from 581,338 tonnes in the corresponding month in 2019, according to the Turkish Statistical Institute (TÜIK).
The fall in import volumes was attributed to moderate demand for flat steel in Turkey in January
, when most orders arriving in May were placed, with few deals heard.
Turkey imposed additional duties on steel product imports
on May 20.
But the country’s inward-processing regime allows companies...