CIS STEEL BILLET: Market flushed with uncertainty over Turkish export, trading stops

CIS export billet market was quiet on Monday August 13 amid the uncertainty created by the news about the US doubling import duties for Turkish steel on Friday.

“Nobody can sell anything to Turkey with [a] 50% tariff,” one Turkish long steel producer told Metal Bulletin.

“Turkey now should focus on other export destinations immediately. The domestic rebar market was helping the mills, but with the lira [losing value], we should shift more material to export. We can sell more billet to North Africa and...

Published

Vlada Novokreshchenova

August 13, 2018

16:10 GMT

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