Rebar imports from Turkey expected to wane

Sep 09, 2013 | 02:20 PM | Samuel Frizell

Tags  rebar trade case, International Trade Commission, Turkish imports, rebar, Mexico, Commerce Department, rebar traders, Samuel Frizell

NEW YORK — U.S. imports of Turkish rebar will diminish in the coming months due to a trade complaint filed last week against Turkey and Mexico, sources said, as importers grow wary of potential duties placed on shipments.

"If you want to risk it you can still squeeze in a shipment now, but I think people will gradually withdraw from the market," one trader said. The potential imposition of import duties and the fear of getting slapped with those duties will deter importers from bringing in high volumes of Turkish rebar, sources said, and rebar buyers and importers are preparing to scale back their usage of Turkish material.....

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