Turkey’s scrap import prices remained stable this week, signaling that the market may have finally bottomed out, despite sluggish purchasing activity from local steel mills. Current scrap import prices are assessed at USD 325 per ton CFR.
Prices dipped slightly earlier in the week but quickly rebounded. However, some market participants warn that the recent influx of cheaper billet imports could put downward pressure on scrap prices once again. On the positive side, sellers remain optimistic, citing a stronger euro and a slowdown in scrap collection as potential factors supporting price stability in the near term.
Meanwhile, Turkish long steel export offers softened by USD 5 per ton over the past week. Rebar export offers now range between USD 540-550 per ton FOB, while wire rod offers are at USD 560-570 per ton FOB. Market sources report that some mills have offered even lower prices to secure export bookings.