Turkey imported 458,445 tonnes of flat steel in August 2018, 32.96% less than the 683,834 tonnes imported in the corresponding month a year ago, according to the Turkish Statistical Institute (TUIK).
The reason for this significant decrease in import volumes was weak demand in the country's domestic market, as well as high import prices, sources said on Monday October 1.Turkey imposes 9% duty on imports of hot-rolled coil (HRC), adjusted to 3.5% for re-rollers, and 10% import duty on cold-rolled coil (CRC).Fastmarkets' weekly price assessment for Turkish domestic HRC was $610-625 per tonne ex-works on August 3, while the weekly price assessment for Turkish HRC imports was $585-590...