Turkey’s imported scrap market saw some trading activity this week, but Turkish steel mills remained cautious amid weak finished steel demand and limited margins. MESTEEL assessed HMS 1&2 (80:20) at USD 375 per ton CFR Turkey, unchanged from last week.
Several transactions were reported, indicating that mills were selectively covering their requirements. However, buying interest remained limited, with producers generally following a need-based purchasing strategy rather than actively building inventories.
Suppliers continued to resist lower prices, supported by limited scrap availability during the summer period and high freight and logistics costs.
Turkish mills continued to face pressure from weak domestic and export rebar demand, while operating rates remained below full capacity, limiting their ability to absorb higher scrap costs.
Turkish export rebar offers are in the range of USD 580 per ton FOB, stable from last week, while export wire rod prices were assessed at USD 590-595 per ton FOB, also unchanged week-on-week.