How did the election period affect the iron and steel markets?

Scrap dealers prefer to wait in the face of these effects

If scrap dealers, who prefer to wait until after the election, continue to wait after the election is postponed to the second round, it is highly likely that the mobility in the markets will decrease and prices will stabilise.

Moreover, it is possible that scrap prices, and thus steel production in Turkey, may face unfavourable conditions as a result of the new economic policies or investments to be determined by the government to be elected after the election.

The opposite of this scenario may also occur if the new government's economic policies are stable. In this case, contrary to expectations, it is quite possible that the iron and steel sector will be positively affected by this situation.

What is the current situation of scrap prices?

The effects of the current political uncertainty continue to affect current scrap prices and many other sectors such as recycling and construction, especially the iron and steel sector.

Current iron scrap prices are currently on the increase. The increase in scrap prices is expected to affect steel prices in particular.