Turkey’s scrap import market remained broadly stable this week, although sentiment softened as mills largely stayed on the sidelines amid weak finished steel demand and tightening margins. Deep-sea scrap prices were assessed unchanged at USD 370-375 per ton CFR, with limited transaction activity keeping the market balanced.
Buying interest remained subdued. Scrap exporters continued to maintain firm offers, supported by tighter collection in the US and Europe due to winter disruptions, along with higher freight costs. Turkish mills, however, resisted higher price levels, pointing to sluggish rebar sales and increasingly narrow margins.
Market activity was further dampened by the Ramadan slowdown, with most mills preferring to monitor price movements rather than commit to sizeable scrap cargoes.
In the finished steel segment, Turkish long steel export offers decreased by USD 5 a ton as compared to last week due to weak demand. Rebar export offers were heard at USD 550-555 per ton FOB, while wire rod prices were reported at USD 560-570 per ton FOB.
