Turkey’s scrap import prices held largely stable this week at USD 335-345 per ton CFR, edging down slightly from USD 337-345 per ton CFR a week earlier, as limited buying activity continued.
With finished steel demand showing no signs of improvement, mills stayed cautious, focusing instead on boosting product sales. Political tensions and currency volatility further weighed on market sentiment, adding to uncertainty in the steel sector.
Some analysts, however, expect sentiment to improve with the end of the European holiday period and the recent benchmark interest rate cut to 40.5pct from 43pct.
Turkish steel export offers remained steady, with rebar at USD 540-550 per ton FOB and wire rod at USD 555-565 per ton FOB, though mills were said to be flexible on pricing to secure orders.
