Following the uninterrupted rise in scrap prices throughout November, the first signs of fatigue appeared in the Turkish scrap market last week; however, high costs at deep-sea ports and persistent freight pressure continue to keep prices on solid ground.
Due to seasonal effects, the weakening of scrap collection activities and the contraction in production have further highlighted the structural tightness on the supply side, leading to an increase of around $15/ton in Türkiye’s imported scrap prices on a weekly basis. Although demand is not vibrant, limited scrap availability has created a market environment in which buyers remain cautious yet compelled to make purchases.
Under these conditions, deep-sea scrap is expected to continue trading in the short term within the $365–370/ton range, while the delicate balance between limited supply and low-tonnage purchases is causing an inevitable tightening in the market.
According to the deals heard this week, imported scrap prices to Türkiye were reported at $370/ton CFR for HMS 80:20 from Europe to the Marmara region, while a sale to the Aegean region was concluded at $367/ton.
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