Turkey’s scrap import prices remained stable this week, with HMS 1&2 (80:20) assessed around USD 400 per ton CFR, while buying activity slowed amid weak finished steel demand.
Despite limited trading, suppliers maintained firm offers, supported by higher freight and collection costs.
Turkish mills adopted a cautious buying approach, with no significant improvement in the finished steel segment. Market participants linked weak demand to ongoing uncertainty in the Middle East, with potential US-Iran talks adding to market caution. Mills are also largely covered on scrap inventories, reducing the urgency for new purchases.
Turkish long steel export offers were broadly unchanged, with rebar at USD 595-605 per ton FOB and wire rod at USD 620-630 per ton FOB. However, market sources indicated that mills are offering discounts to stimulate sales.
