Market tightness continues in the Turkish imported scrap market

Deals completed this week provided important signals regarding the direction of the price range. Despite weak fresh offers, prices holding steadily above $360/t indicates that this level is acting as a short-term floor in the market. This trend suggests that although resistance around $370/t remains intact, the possibility of an upward breakout is still on the table.

Market behaviour shows that levels below $360/t are not easily accepted and pullbacks remain limited. The supply side continues to be the main driver in the near term. Seasonal slowdown and reduced industrial activity in Europe have lowered scrap generation, while loading constraints and slow tonnage flow continue to limit cargo availability into Türkiye. In the short term, these dynamics support a mildly upward trend.

According to the latest scrap deals:

• USA → Marmara: 85:15 scrap at $365 CFR Türkiye,

• UK → Marmara: HMS 1/2 80:20 at $352 CFR Türkiye,

• Europe → Marmara: HMS 1/2 80:20 at $358 (10kt), shredded $378 (10kt), bonus $378 (7.5kt) CFR Türkiye, and new cuttings $388 (2.5kt) CFR Türkiye,

• Baltic → Mediterranean: HMS 1/2 80:20 at $365 CFR Türkiye,

• USA → Aegean: HMS 1/2 80:20 at $368 CFR Türkiye,

• Europe → Aegean: HMS 1/2 80:20 at $362 CFR Türkiye,

• Netherlands → Aegean: HMS 1/2 80:20 at $360 CFR Türkiye,