Aug 10 2018, 7:21 PMAug 16 2018, 3:35 PMAugust 10 2018, 7:21 PMAugust 16 2018, 3:35 PM
Turkish steelmakers could seek new markets in euro Africa , the Middle East and Europe after the US increased tariffs on Turkish steel and aluminium to 30 % and 20 % , respectively . Turkey , the world ’s sixth biggest steelmaker , exported 500,000 tonnes to the country from January to May , half the tonnes it exported the year before . US steel manufacturers are the likely beneficiary of the action , but it should be easy for producers to find new markets . The US tariffs are expected to persuade Turkey to release an American pastor , but hit an economy suffering a financial crisis and a falling currency .