Türkiye’s imported scrap prices remained stable this week in the $345–355/ton CFR range. The rise in cargo availability temporarily satisfied short-term demand, creating mild resistance at the upper end of the range. Overall, market sentiment remains balanced yet cautious.
At the beginning of the week, several new transactions were reported:
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From Germany to the Marmara region at $344.5/ton CFR
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From the U.S. to the Marmara region at $350/ton CFR
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From Europe to the Mediterranean region at $353/ton CFR
Although trading volumes were limited, most cargoes found buyers, indicating that the supply–demand balance for November shipments remains intact and price stability continues.
China’s Fourth Plenum and the U.S.–China Summit to set the tone
The two key factors shaping market direction are China’s Fourth Plenum meeting and the U.S.–China leaders’ summit scheduled for the end of October. While billet prices in China weakened earlier in the week, the recovery in SHFE rebar futures suggests that downward pressure on scrap has eased.
Turkish buyers, having recently completed billet purchases from China, Malaysia, and Russia, may soon show renewed interest in December shipment scrap.
Cautious outlook in the domestic market
In Türkiye, mills are operating close to breakeven levels. Rebar demand remains steady, while high freight rates and potential steel demand linked to Israel’s reconstruction efforts continue to limit downside risks in prices.
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