Ferrous Scrap

CRU: Turkish scrap import prices were stable as scrap import activity slowed
Written by Marius Tkocz
May 7, 2024
Turkish scrap import prices were stable last week. CRU’s assessment for HMS1/2 80:20 and shredded was unchanged at $384 per metric ton (mt) CFR and $408/mt, respectively.

Scrap import activity slowed last week as Turkish mills have completed their recent restocking activity, keeping scrap import prices unchanged week over week (w/w). As domestic and export demand remain subdued, we have heard that Turkish scrap import activity is likely to remain sluggish.

Learn more about CRU’s services at www.crugroup.com.

Marius Tkocz
Read more from Marius TkoczLatest in Ferrous Scrap

Busheling and shredded tags drop, widening HRC vs. prime scrap spread
US scrap prices fell on busheling and shredded in October, while HMS remained flat, market sources told SMU.

Obsolete scrap pinned by freight and weak export flows
here has been considerable activity in the export scrap market in the Mediterranean Basin over the last 10 days. Prices have inched up after recovering from a brief dip in September. Prices range from...

Mixed bids, outages, and full inventories cloud October scrap settlement
Stephen Miller reports the US domestic scrap market is on the verge of setting prices for October, although wide-scale buying is still in progress.

IIMA meeting: Decarbonization to drive demand for scrap, DRI
In the Americas, the ongoing conversion to EAF melting is driving demand for prime grades of scrap and increased use of ore-based metallics

October scrap market still up for grabs
The ferrous scrap market is still searching for clues about the direction of the October market.