International Steel Mills
Turkish Steelmaker Considers U.S. Expansion
Written by Sandy Williams
March 3, 2018
Turkish steel producer Borusan Holding is considering expanding its steel pipe plant near Houston. CEO Agah Ugur made the announcement on Friday following the proposal by President Trump to increase tariffs to 25 percent on steel imports.
“The U.S. tariff decision on steel imports is important for Borusan…. We are considering expanding our production facility there, depending on the details of the U.S. tariffs,” said Ugur.
Ugar said that although a Section 232 tariff could disrupt steel imports, it was unlikely to have much impact on low-cost Turkish steel.
The Turkish Steel Exporters’ Association noted that with prices at $600 per ton versus U.S. steel at $850 per ton, a 25 percent tariff would only increase Turkish steel to $750 per ton.
“We match the prices of U.S. producers even with the additional tariff,” said TSEA Chairman Namik Ekinci said. “So there seems to be no disadvantage.”
Turkey is the sixth-largest exporter of steel to the United States with a 5.6 percent share of American steel imports.
The Borusan Mannesmann location in Baytown, Texas, 30 miles east of Houston, began operation in 2014 and has a capacity of 300,000 tons per year. The company produces OCTG and ERW line pipe.
Sandy Williams
Read more from Sandy WilliamsLatest in International Steel Mills
SSAB adjusts output in weak Q3, readies for Q4 rebound
SSAB said lower plate prices in the US were the primary reason for reduced results in the second quarter. With a dismal Q3 outlook, the Swedish steelmaker is adjusting production across its facilities. That includes moving up its annual US mill outage in anticipation of a better Q4. SSAB Americas Revenues in the Americas segment […]
Global steel production dipped in June
Global steel output eased 2% in June following May’s 14-month high, according to World Steel Association’s (worldsteel) latest release.
Union rejects proposal to end strike at ArcelorMittal Mexico
The local mining union has rejected a proposal to end the labor strike at ArcelorMittal Mexico’s Lazaro Cardenas mill and Las Truchas mine in Michoacán, Mexico.
NLMK mill targeted in Ukrainian drone attack
Novolipetsk Steel’s (NLMK) mill in Lipetsk, Russia, was the target of a raid by Ukrainian drones on Sunday, according to a Reuters report.
USS and Nippon clarify position on US trade case participation
U.S. Steel and Nippon Steel explained their position on USS’ participation in US trade cases should their proposed nearly $15-billion merger deal go through. The companies hope to close the deal by the end of the year.