DAILY SCRAP REPORT: Turkish mills remain quiet as rebar demand fades

Turkish steel producers have extended their silence in the deep-sea scrap markets amid weak demand for their finished steel products in both the export and domestic markets, sources said on Thursday March 15.

The mills were expected to book more cargoes for April, but they stepped back from the deep-sea market late last week after 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. Demand for Turkish rebar in the country’s domestic and export markets has been sluggish, according to the sources. “The main reason for the absence of Turkish mills from the deep-sea scrap markets is...

Published

Cem Turken

March 15, 2018

16:00 GMT

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