Turkey’s scrap import prices remained unchanged this week in a quiet market. Turkish mills postponed buying activity due to a slowdown in demand in the finished steel segment. Scrap import prices in Turkey are assessed at USD 390 per ton CFR.
Turkish finished steel demand remained weak in both domestic and overseas markets. While Turkish finished steel offers stayed unchanged, market insiders indicated that mills are willing to offer additional discounts on firm bids.
Rebar export offers range between USD 580-590 per ton FOB, while wire rod export offers are around USD 595-605 per ton FOB, both unchanged from last week’s prices.
