Sluggish demand for Turkish rebar and wire rod exports continued this week, despite the halving of import tariffs in the United States, prompting steel mills to reduce their offer prices, sources told Fastmarkets on Thursday May 30.
Steel producers in Turkey tried to increase their offers last week following news the US had cut its import tariff on Turkish steel to 25%, but there was no upturn in demand from American customers. Rebar export offers out of Turkey fell to...