Turkey’s scrap import prices increased sharply this week, reaching around USD 390-400 per ton CFR, up from USD 375 per ton before the Eid holidays.
The rise was driven by higher freight and energy costs linked to Middle East tensions, while limited scrap availability also supported prices, market participants said.
Turkish mills, which had remained cautious due to weak finished steel demand, resumed purchases this week, with several deals concluded, indicating restocking needs.
Kardemir reportedly sold moderate volumes of rebar this week despite higher prices, while some market sources also noted a pickup in export inquiries.
However, some market participants questioned the sustainability of the price increase, noting that further improvement in finished steel demand is required; otherwise, scrap buying activity may slow in the near term.
Following the rise in scrap costs, Turkish long steel export offers also moved up, with rebar heard at USD 580-590 per ton FOB, compared with USD 555-565 per ton, while wire rod offers increased to USD 610-620 per ton FOB from USD 570-580 per ton before the Eid holidays.
