Turkey’s imported scrap prices remained largely stable this week at USD 345-355 per ton CFR, as buying activity slowed due to weak finished steel demand and increased interest in lower-priced billets, particularly from China.
Scrap suppliers have kept offers firm, citing higher collection and freight costs. While Turkish mills are delaying purchases for now, market participants expect scrap bookings to resume soon as mills need to replenish inventories.
Domestic finished steel demand continues to lag, though sentiment improved slightly after Turkey’s central bank cut its key interest rate to 43pct, a move expected to lend some support to the construction and steel sectors. Improved geopolitical conditions could also boost export activity.
Export offers for Turkish rebar were unchanged at USD 550-555 per ton FOB, and wire rod at USD 565-570 per ton FOB, with mills showing flexibility on prices to secure new orders.
