Page 84 - TURKRptOct19

Last year, Eurofer said, imports of finished steel products rose by 12% in a market that grew by 3.3%.
The revised measures also involve limiting any one country to a 30% share of imports of hot-rolled flat steel during a quarter.
New restrictions on imports allowed into the European Union due October may further damage the Turkish steel sector, even as it seeks new markets to compensate for losses from US and EU tariffs, Turkey's Steel Exporters' Association (CIB) head has told Reuters.
Steel exports, already down 0.8% to $9.4bn in the year to end-August, will fall to $13bn in 2019 from $15.6bn last year, CIB chairman Adnan Aslan said.
"We filled the quota for long products in a month. We switched to a new one- year quota in July. We will most likely complete that in September," Aslan said.
"Because the quotas are full, Turkey will not be able to export long products to the EU until July 2020," he added.
Turkey's steel exports to the EU fell 0.5% to 5.1mn tonnes in the first eight months of the year, with their value down 9.1% to $3.6bn, CIB data showed.
More than a third of Turkey's 21.4mn tonnes of steel exports in 2018 went to the EU.
President Donald Trump imposed additional tariffs on Turkish steel imports during a diplomatic spat between Ankara and Washington last year. In May, the White House halved the tariffs to 25%.
Aslan said the additional tariffs had nearly stopped steel exports to the US. He said exports to the US totalled 208,000 tonnes in the first eight months of the year, down from 1.2mn tonnes in 2018.
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84 TURKEY Country Report October 2019 www.intellinews.com