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 and February, 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...

Published

Serife Durmus

July 02, 2020

11:24 GMT

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