Turkey’s scrap import market remained stable this week, as the ongoing Middle East conflict kept market sentiment cautious. Turkey’s scrap import prices were assessed unchanged at USD 370-375 per ton CFR.
Market activity remained limited, with Turkish steel mills and scrap suppliers postponing negotiations amid persistent uncertainty. Sellers continued to resist lower bids from Turkish mills, supported by rising freight costs linked to the regional tensions.
Finished steel demand remains weak, keeping Turkish mills cautious in scrap procurement. Some market participants believe disruptions to steel trade flows from the Middle East could eventually support demand for Turkish steel in both domestic and export markets, though this has yet to materialize.
For now, the Turkish scrap market remains in a wait-and-see phase, with geopolitical risks, shipping disruptions and rising logistics costs shaping sentiment.
Meanwhile, Turkish long steel export offers increased USD 5 per ton week on week, with rebar heard at USD 555-560 per ton FOB and wire rod at USD 565-570 per ton FOB.
