DAILY SCRAP REPORT: Market focuses on rebar exports to US; fresh cargo may raise prices

The quietness in the deep-sea scrap markets has continued because market participants were still looking for clarity in the export markets for finished products such as rebar, sources said on Wednesday May 22.

After the United States reduced its tariff on steel imports from Turkey to 25%, from 50%, on May 17, Turkey was again in a position to supply to the US market. But scrap suppliers pulled back their offers of the raw material, because they were expecting a related uptick...

Published

Cem Turken

May 22, 2019

16:55 GMT

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