Steel is an interesting market at the moment, says S&P Global Platts

Steel is an interesting market at the moment because there are a lot of moving parts and all the output cuts are happening in China and there is weaker Chineses currency, said Paul Bartholomew, Senior Managing Editor, S&P Global Platts

“With lira depreciating like crazy puts Turkish steel exports in a potentially stronger position and some Asian steelmakers are nervous as they are going to be competing with lower price exports coming out of Turkey,” said Bartholomew.