Turkey’s scrap import prices remained largely unchanged this week, as weak finished steel demand continued to limit buying interest from mills. HMS 1&2 (80:20) import prices were assessed at USD 400 per ton CFR.
Market participants said Turkish mills maintained a cautious wait-and-see approach, with no urgency to replenish scrap inventories as many are covered for near-term requirements. Buying activity remained slow amid uncertainty surrounding Middle East developments and the outlook for finished steel demand.
Scrap suppliers, however, resisted price declines, supported by limited availability in the US and EU and higher collection costs, remaining reluctant to offer discounts.
Turkish long steel export offers remained under pressure. Rebar prices declined by USD 5 per ton to USD 590-600 per ton FOB, while wire rod offers were stable at USD 620-630 per ton FOB. Weak demand in both domestic and export markets continued to weigh on sales activity.
