DAILY SCRAP REPORT: Market awaits clarity on rebar export price after US cuts tariff

The Turkish deep-sea scrap market became quiet again at the beginning of the week with suppliers withdrawing their offers, after news was heard of the removal of an additional US import tariff on steel imports from Turkey, sources said on Monday May 20.

The United States lowered its tariff on steel imports from Turkey to 25%, from the previous 50%, with effect from May 17.

This essentially removed the extra tariff added at a time of political tension between the US and Turkey, and brought the Middle Eastern country back to the same...


Cem Turken

May 20, 2019

16:42 GMT