TURKEY FLAT STEEL: Prices up, some producers close sales after US duty reduction

摘要

The price of some steel coil products in Turkey increased over theweek to Friday May 17, while some producers stopped accepting neworders after the United States announced a duty reduction, sourcestold Fastmarkets.The US has lowered its tariffs on steel imports from Turkey to 25%,down from 50% previously, effective from Friday May 17.Demand was weak in the local market, but exports were strongand are expected to get stronger, sources said.Flat steel prices are likely to increase soon because of expectedstrong demand from the US and continuing demand from Europe,sources told Fastmarkets.Price increases should not be too sharp however, because thedomestic demand in Turkey is not strong enough to support higherprices, sources said.