CRU: Turkey Set to Lose if the EU Bans Scrap Exports

By CRU Senior Analyst Thais Terzian  and Analyst Chris Bandmann, from CRU’s Crude Steel Market Outlet, Nov. 15

There is currently a lot of market discussion that the EU may act to restrict scrap exports. Here we look at who could be hurt and who might see opportunities. Other regions have already acted to protect domestic scrap supply, but if EU scrap exports were cut, Turkey will feel the greatest impact. A ban on European scrap exports would leave Turkish scrap buyers severely undersupplied, with few other options to turn to.