Turkey’s scrap import prices edged slightly higher this week as rising freight costs supported seller sentiment amid the ongoing Middle East conflict. Scrap import prices were assessed at USD 375 per ton CFR, up from USD 370-375 per ton CFR last week.
Turkish mills have raised finished steel prices in recent days to offset higher costs but continue to seek stable or lower scrap import prices to protect margins. Meanwhile, scrap suppliers are pushing for higher rates, supported by limited scrap collection and rising freight costs.
During the week, Turkish steel producer Kardemir opened new sales rounds for billet, rebar and wire rod. Despite the price increases driven by higher production costs, the company reportedly saw decent buying interest in the domestic market, although persistent challenges such as tight liquidity and sluggish industrial and construction activity continue to cloud the outlook.
Market participants expect the Turkish scrap market to remain cautious in the near term amid freight volatility and rising energy prices linked to tensions in the Middle East. Trading activity may also slow ahead of the Eid holidays at the end of next week.
Meanwhile, Turkish long steel export offers increased week on week, with rebar heard at USD 555-565 per ton FOB, up USD 5 per ton, while wire rod offers rose to USD 570-580 per ton FOB, up around USD 10 per ton. Buying interest remained subdued due to seasonal slowdown and competitive offers from other exporting countries in key markets.
