News
US reduces tariffs on Turkey to 25 percent
The White House has announced that the 50 percent duty on Turkish steel imports has been halved to 25 percent as of May 17. In a statement, the administration said that since the implementation of the higher tariff, steel imports from Turkey declined 48 percent in 2018, “with the result that the domestic industry’s capacity [...]
Short Range Outlook : May 2019
Global long steel market mostly unstable despite supply-demand equilibrium A balance has been maintained between supply and demand in the global long steel products market, but it is still difficult to transact business globally. However, shorter-distance regional business is good. The global market can be described as mostly unstable, with only a few exceptions. Absence [...]
