Weakening demand for rebar in the Turkish domestic and export markets has kept Turkish steel producers out of the deep-sea scrap markets, sources said on Wednesday March 14.
Turkish steel producers paused their deep-sea scrap purchases after the Section 232 import tariffs were officially signed into effect in the United States, adding a 25% import duty on all steel product imports, exempting only Canada and Mexico."The Section 232 decision has caused hesitation and confusion in the market," a...