The economic and political situation in Turkey and the recent US tariffs on Turkish steel imports has also affected the Turkish steel market as finished steel product sales have slowed both domestically and in the export market in recent weeks. While export rebar prices are currently hovering at 18-month lows, steel mills' raw material inputs, especially steel scrap, have resisted a large correction, reducing their margins and profitability of production considerably. In this video, S&P Global Platts senior pricing specialist Pascal Dick and markets specialist Marcel Goldenberg discuss to what recent price trends mean for the profitability of Turkish steel producers.
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