Scrap import prices in Turkey fell this week influenced by weak demand for finished steel. Current prices are assessed at USD 350-360 per ton CFR, down from USD 360-365 per ton CFR last week.
The ongoing decline in Turkish steel prices has exerted further pressure on scrap imports. Domestic demand for finished steel remains weak, and the drop in scrap prices has added downward momentum to local steel prices. Export sales have also been subdued, particularly in European markets, which has led to lower offers.
Turkish long steel export offers declined by USD 10-15 per ton over the past week. Rebar export prices now range from USD 580-590 per ton FOB, while wire rod export offers are around USD 595-605 per ton FOB.
