Turkey’s scrap import prices held largely steady this week, as buying activity slowed significantly due to weak demand for finished steel. Current scrap import offers are hovering around USD 340 per ton CFR, a slight uptick from last week’s USD 335-340 per ton CFR range.
Market insiders reported fewer cargo bookings during the first half of the week, reflecting a cautious buying stance from Turkish mills. While scrap suppliers are aiming for USD 345-350 per ton CFR, Turkish steel producers are resisting price increases amid subdued demand in both domestic and export markets.
Geopolitical tensions in the Middle East are also weighing on market sentiment, prompting Turkish mills to adopt a wait-and-see approach as uncertainty around finished steel demand persists. Nonetheless, some restocking activity may emerge soon, as mills are expected to replenish their scrap inventories.
On the finished steel side, prices remained unchanged from the previous week. Rebar export offers are stable at USD 545-555 per ton FOB, while wire rod offers are quoted at USD 565-575 per ton FOB.