May 15 2018

Former NY Governor Pataki to lobby for Turkish steel - column

Turkish company Borusan has rolled up its sleeves to lobby for Turkish steel in the United States and has struck deal with former New York Governor George Pataki to his end, says Kerim Ülker in his column for finance daily Dünya.

The United States put a 25 percent tariff on imports of iron and steel and 10 percent on aluminium, but excluded various countries including those in the European Union and South Korea, Brazil, Mexico and Canada from the measures.

Economy Minister Nihat Zeybekçi earlier this month said that Turkey would respond to tariffs imposed on metal imports by the United States with countermeasures.

Ülker shared statistics given by the U.S. Trade Ministry in his column on Monday; the U.S. imported 34.6 million tons of steel last year, making the nation the greatest steel importer in the world. Canada maintains the lion’s share of steel exports to the United States with 5.8 million tones.

Turkey follows Brazil, South Korea, Mexico and Russia in steel exports to the U.S., coming in sixth place at $ l.2 billion, Ülker notes.

The columnists explains that leading the way in efforts to push for the export of Turkish steel to the United States is Minister Zeybekçi.