Removal of rebar import duty a big blow for Turkish steel industry, ÇIB says

The Turkish Steel Exporters’ Assn (ÇIB) believes that the removal of import duty on rebar is a significant blow for the domestic Turkish steel industry, the association said on Wednesday January 10.

Turkey’s ministry of economy removed the country’s import duty on rebar on Monday January 1.
The ÇIB does not expect the removal of the duty to result in a fall in steel prices in 2018, however. Rather, it expects prices to continue to rise due to increasing raw material costs.

“Increasing electrode, ferro-alloys, refractories, scrap and coal prices are pushing up production...

Published

Cem Turken

January 10, 2018

15:12 GMT

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