Turkey’s scrap import prices remained unchanged this week, as suppliers resisted lower bids from domestic steel mills despite sluggish demand for finished steel. Current import offers are assessed in the range of USD 340-350 per ton CFR.
Scrap trading activity was limited, with Turkish steel mills shifting focus toward boosting finished steel sales. However, demand for finished steel continued to be weak, dampening overall market sentiment.
In the domestic market, Turkish steel producer Kardemir opened rebar sales but was unable to secure significant volumes. A similar trend was observed in the export market, where overseas demand remained muted.
Finished steel offers were steady throughout the week. Rebar export prices were quoted between USD 555-565 per ton FOB, while wire rod was offered at USD 575-585 per ton FOB.