Turkish steel producers have continued to book deep-sea scrap for July shipments following the decision by the United States to impose a 25% tariff on steel imports from the EU, Canada and Mexico, sources said on Wednesday June 6.
The US move, following its Section 232 trade investigation, was expected to raise the demand for Turkish rebar now that the tariff also applied to regions that had been given temporary exemptions. This in turn means a greater need for scrap feedstock in Turkey.A steel producer in the...