Turkish deep-sea scrap imports prices have gone up as expected, following the decision by the United States to impose Section 232 import tariffs on steel from Canada, the EU and Mexico, sources said on Tuesday June 5.
Scrap demand in Turkey was expected to pick up after the US imposed tariffs of 25% on steel imports and 10% on aluminium imports on June 1. It was expected that Turkish steel mills would start to export into the US market again, now that other suppliers must face the same tariffs, Metal Bulletin was told.Following the news, three deep-sea scrap cargoes were heard selling at higher prices on June 5, while a Turkish rebar cargo was sold to the US at $540 per tonne fob. The rebar cargo...