DAILY SCRAP REPORT: Weak rebar demand keeps Turkish mills out of market

Weakening demand for rebar in the Turkish domestic and export markets has kept Turkish steel producers out of the deep-sea scrap markets, sources said on Wednesday March 14.

Turkish steel producers paused their deep-sea scrap purchases after the Section 232 import tariffs were officially signed into effect in the United States, adding a 25% import duty on all steel product imports, exempting only Canada and Mexico. “The Section 232 decision has caused hesitation and confusion in the market,” a...

Published

Cem Turken

March 14, 2018

16:00 GMT

Mugla