Scrap price levels continue to largely align with pre-holiday conditions, as winter-related supply tightness remains the dominant factor shaping the market. Seasonally weaker scrap collection has continued to limit downside price potential.
Although Turkish steel mills have become more visible on the inquiry side, this activity has been primarily aimed at testing market levels rather than reflecting firm buying interest. Limited offer availability has prevented attempts to secure lower-priced material from gaining traction. Strong January domestic market expectations in both the US and Europe, along with ongoing settlement negotiations, continue to provide global price support.
With the first transactions of the new year, the market has firmly moved above the $370/t level. Provided the current technical structure holds, a break above $373/t could open the way toward the $380/t range. Early buying expectations ahead of the post-Ramadan construction season, combined with the diminishing viability of substitute materials, are helping to sustain market momentum.
According to the latest reported import scrap deals:
-
HMS 80:20 from the Baltic region to the Aegean region was concluded at $365/t CFR Türkiye,
-
HMS 80:20 from Europe to the Marmara region at $366–367/t CFR Türkiye,
-
HMS 80:20 from the US to the Mediterranean region at $371/t CFR Türkiye,
-
HMS 80:20 from Europe to the Marmara region at $371/t CFR Türkiye,
-
HMS 80:20 from the UK to the Mediterranean region at $362.5/t CFR Türkiye,
-
HMS 80:20 from Europe to the Black Sea region at $371/t CFR Türkiye, with shredded and P&S scrap at $391/t CFR Türkiye,
- HMS 80:20 from Europe to the Aegean: $369/t CFR Türkiye.
Comments
No comment yet.