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Trump Trade War - Turkish steelmakers call for government action

Steel News - Published on Thu, 12 Jul 2018

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Fast Markets reported that the Turkish Steel Producers Association (TCUD) has warned that Turkey may become an open market for dumped steel imports unless swift action is taken by the government. Turkey’s steel exports fell by 3.90% to 8.14 million tonnes in January-May 2018, while steel imports increased by 18% to 7.5 million tonnes, TCUD said. The main reason for the decline in Turkey’s steel exports is the Section 232 decision by the United States, which imposed 25% duty on steel imports, the association said.

TCUD said that not only had Turkish steel exports decreased but dumped steel products were coming into Turkey having lost their US market.

The association called for new trade measures to protect the domestic steel industry in Turkey back in April.

Turkey's Ministry of Economy started an investigation into the impact of steel imports on the country's domestic steelmaking industry, on April 27, but it will not be finalized until late January 2019 at the earliest.

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Posted By : Ratan Singh on Thu, 12 Jul 2018
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