13,744.64 TRY BIST 100 BIST 100
6.89 CNY CNY CNY
53.70 EUR EUR EUR
46.30 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
43.69 TRY Interest Interest
93.67 USD Fossil Oil Fossil Oil
6.21 USD Copper Copper
94.66 USD Silver Silver
102.24 USD Iron Ore Iron Ore
400.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
102.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Europe's scrap exports could be limited under green transformation targets

At a recent conference organized in conjunction with the International Rebar Exporters and Producers Association (IREPAS), it was suggested that exports of European scrap should be restricted.

Europe's scrap exports could be limited under green transformation targets

The concept that formed the main target of the discussion was that, with a focus on recycling, scrap would be recycled and used in steel production instead of production from scratch, and that green steel would be produced with this and similar ecological methods. Based on this, there was a discussion on the fact that Europe will increase its scrap demand in line with these targets in the next 5 years, that the existing scrap capacities will only be sufficient for Europe, and that exports of scrap should be restricted, as scrap exports could imbalance the demand here.

Regarding the possible consequences of the European Parliament's recent revision of the Waste Shipment Regulation, Björkman said that scrap shipments to non-OECD countries will be a major challenge. Luckily, Turkey, an important destination for steel scrap exported from the EU, will not be affected, he added.

In addition, trade tensions were also on the mind of Murat Cebecioğlu of Turkey-based İÇDAŞ Steel, who is the general chairman of IREPAS and its producers' committee. Trade barriers have made it difficult to sell steel to the US, Canada and the EU, he said, and "it is impossible to sell to Singapore and Hong Kong".

He also said that Turkish steelmakers are losing markets in countries they used to export to, such as Egypt, the Gulf Cooperation Council (GCC) countries and Indonesia, as these regions have become exporters themselves.

Regarding the expected demand for steel in southern Turkey following the devastating earthquakes that struck southern Turkey in February, Cebecioğlu said that natural disasters will create demand for the steel sector, but the demand will be spread out over years, adding that "it will not come all at once."

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Ali Sezen: “Ukraine will not be a threat to Turkish steel in the short term; it will become its largest export market”

Tuesday, June 16, 2026

Steel Con signs USD 2 million metal industry investment in East Port Said

Tuesday, June 16, 2026

Oğuzhan Üçok: Even if Hormuz reopens, steel and shipping trade will take 3–4 months to normalize

Tuesday, June 16, 2026

Ali Der: "The reopening of Hormuz will bring at least a 10% price correction in steel prices"

Tuesday, June 16, 2026

LKAB receives environmental approval for mining operations and fossil free sponge iron investment

Tuesday, June 16, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now