Scrap import prices steady, rebar and wire rod export offers edge higher

Turkey's scrap import prices held steady this week at USD 340-345 per ton CFR, but buying activity picked up amid improved domestic steel demand.

The increase in scrap purchases coincided with improved local steel sales and supportive macroeconomic developments, including a key interest rate cut by Turkey's central bank and a more optimistic outlook from China. However, export sales of finished steel remained sluggish.

Turkish finished steel offers rose by USD 5 per ton over the week. Rebar was offered at USD 540-550 per ton FOB, while wire rod offers stood at USD 555-565 per ton FOB.