The global steel market failed to see any major upside in pricing in the week ended November 9. Despite relatively better demand in export markets, domestic demand in the Turkish steel market remained slow, amid ongoing cash flow problems which restricted trade activities. Meanwhile, Turkish mills continued efforts to diversify their export destinations. A large Turkish trade delegation visited Colombia at the end of last week under the guidance of the Turkish Steel Exporters’ Association (CIB), aiming to double their steel exports to the South America region, S&P Global Platts learned. “We are aiming to increase Turkey’s market share in the South America steel market to 12% from the current 4%. We believe our visit may open doors to new collaborations,” CIB Chairman Adnan Aslan said.
展开▼
