Türkiye's imported scrap market has continued to witness limited trading activity, while prices remain differentiated by region and origin. Among the deals heard this week, a deep-sea cargo of US-origin HMS 1&2 (80:20) scrap was reported to have been sold to the Marmara region at $376/mt CFR. During the same period, a cargo of HMS 1&2 (80:20) scrap was concluded for the Mediterranean region at $368/mt CFR.
Meanwhile, according to the latest market information, a Baltic-origin cargo was also sold to the Mediterranean region at $368/mt CFR. These transactions indicate that price levels for European-origin material have remained largely stable, while the price gap between US- and European-origin offers continues to reflect differences in freight costs, material quality and buyers' purchasing preferences.
Market participants point out that a noticeable gap still exists between the latest concluded deals and current offer levels. This suggests that buyers continue to target lower prices, whereas suppliers remain reluctant to reduce offers below prevailing levels. As the spread between buyer and seller expectations persists, trading activity has remained subdued, with many mills choosing to delay purchases and closely monitor market developments.
Looking ahead, market sources believe that upcoming deep-sea scrap bookings will be crucial in determining the near-term price direction, particularly in light of Turkish steelmakers' raw material requirements and demand conditions in the finished steel market. Participants are closely watching whether new transactions will confirm current price levels or force either buyers or sellers to adjust their expectations. As a result, the next round of bookings is expected to play a key role in shaping both the short-term direction of Türkiye's imported scrap prices and the overall market balance.
Comments
No comment yet.