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US tariffs on Turkish steel to have little impact on dry bulk market

The latest round of tariffs imposed by the Trump administration on Turkey's steel exports to the US will have little impact on the dry bulk market, analysts say, as volumes have been dwindling

Volumes of steel moving to the US from Turkey had corresponded to about three handysize vessels per month in 2018, with shipments in the first eight months of this year even lower, says Banchero Costa, so the effect of new tariffs is muted

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