Turkish rebar export prices have started to recover from the United States' decision to impose a 25% tariff on steel imports from the EU, Canada and Mexico, sources said on Thursday June 7.
The US' decision was expected to increase demand for Turkish rebar since the tariff also applied to regions that had been given temporary exemptions and Turkish steel mills became more competitive.Mills in Turkey were offering rebar at around $540 per tonne fob earlier in the week and...