Ahead of the S&P Global Platts Global Metals Awards in London, on May 16, The Barrel presents a special series of articles looking at the global metals trade. Here, Pascal Dick analyzes the impact of new US tariffs, economic headwinds and other challenges on steel and ferrous scrap flows into and out of the country.
After a healthy first half of 2018, the Turkish steel market now faces a drop in demand from both domestic and international customers.
International policy changes and a recession in the Turkish economy have contributed to a wider trade flow diversion across flat steel products like hot rolled coil (HRC), and long steel products like rebar and billet, with some effects also due to be felt more strongly in the wider ferrous scrap pricing complex.
An increase in US tariffs onRead More »