The price of steel coil products in Turkey increased in the week to Friday May 23 in response to improving demand after the United States halved import duties on Turkish steel last week, sources told Fastmarkets.
The US halved its import tariffs on Turkish steel to 25% on May 17.International market participants warned Turkish producers to avoid sudden price increases, however.Domestic pricesSteel mills in Turkey were offering flat steel to the domestic market at $530-540 per tonne ex-works for August production, up from last week's $515-520 per tonne ex-works for July production.Deals were made at $530-535 per...