Turkey’s scrap import prices inched higher this week, with assessments rising to around USD 370 per ton CFR, compared with USD 360-370 per ton last week.
The firming trend was driven mainly by a strong stance from suppliers, citing higher freight and collection costs as well as tighter scrap availability during the winter period. US scrap exporters remain particularly bullish on the domestic outlook, reinforcing expectations that prices could stay supported.
However, gains were capped by Turkish steelmakers’ resistance to higher prices amid weak finished steel demand. While Kardemir managed to sell sizeable volumes of billets and rebar in the domestic market this week, overall demand remained insufficient and export sales were modest, limiting upward momentum in scrap prices.
Despite higher scrap costs, Turkish long steel exporters have struggled to raise prices. Rebar was quoted at around USD 560-565 per ton FOB, while wire rod was assessed at USD 570-575 per ton FOB. Some offers were heard below these levels, with market sources noting that although higher raw material costs have kept offers steady, discounts remain possible depending on suppliers’ willingness to secure orders.
