Turkey’s scrap import market extended its upward trend this week, supported by a series of new bookings at higher price levels. Current import prices are assessed at USD 340-345 per ton CFR, up from USD 335-340 per ton CFR the previous week.
Market participants attributed the rise to restocking demand and reduced scrap collection. However, buying activity remains cautious, as several mills appear hesitant to fully commit amid the recent price surge. While steel demand has shown signs of improvement, market players are watching closely to see if the recovery proves sustainable.
Meanwhile, Turkish long steel export offers also rose by USD 10 per ton over the past week. Rebar is now offered at USD 550-560 per ton FOB, while wire rod is quoted at USD 570-580 per ton FOB.