ANALYSIS: Falling margins threaten Turkish mill profitability

摘要

As domestic and export rebarprices continue to weaken and ferrous scrapprices resist a correction, falling profitabilityof Turkish long steel producers has gainedincreasing attention from market participants.With the value of the Turkish lira fallingabout 40% against the dollar since January,the economic outlook for the Turkish steelsector was gloomy enough, but the doublingof US tariffs on Turkish steel in mid-Augustturned the situation even more critical amidrising tensions between the US and Turkey.