Turkey's long steel producers are looking for new export markets after the European Commission more than halved the annual amount of Turkish rebar allowed to enter the region before the imposition of a 25% tariff.
However, flat steel producers in Turkey believe the European Union will remain a strong market for them.On 1 February, the EC announced definitive safeguard measures on a list of imported steel products, in the form of tariff rates and a range of quotas that are partly annual and country-specific and partly quarterly and global.The tariff-rate quotas will be applied over three time periods: from February 2, 2019, to June 30, 2019; from July 1, 2019, to June 30, 2020; and from July 1, 2020, to June 30, 2021.RebarTurkey's rebar allocation until June 30 was set at only 117,231.80 tonnes. More than 90,000 of this quota has already been filled and, once the total is reached, any further Turkish rebar...