Türkiye's imported scrap market saw an upward trend in February, driven by global supply-demand dynamics. At the beginning of the month, HMS 1&2 (80:20) scrap from the UK was priced at $345/t, reaching $359/t for US-origin HMS 1&2 (80:20) by February 11. On February 14, European-origin purchases rose to $350/t, while US-origin scrap remained at $359/t. By February 21, European prices climbed to $358/t, and by the end of the month, US-origin scrap reached $362.5/t.
Shipments from Europe, Russia, and the US have significantly influenced Türkiye’s scrap import market. On February 3, Finnish-origin HMS 1&2 (80:20) was priced at $349/t CFR, while UK-origin scrap on February 4 was traded at $345/t. During the same period, shipments from Russia and France were priced between $349-350/t. Later in the month, scrap from the US, Lithuania, and Germany entered the Turkish market at varying price levels.
These price shifts reflect the growing global demand for scrap. Increasing raw material needs from global steel producers and developments in the supply chain have directly impacted Türkiye's pricing. Industry representatives expect the upward price trend to continue, with new price levels potentially emerging throughout March.
While steel producers and scrap suppliers closely monitor international developments, the general industry outlook suggests that scrap prices will maintain an upward trajectory.
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