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

How will scrap market handle fall outages?
The question among scrap players is can the market hold its level in the face of coming mill outages? Opinions are divided on the subject.

Sims’ long-term outlook bright, sees tariffs boosting US scrap demand
Australia-based global recycler Sims Ltd. has a rosy long-term outlook, while the company said tariffs are supporting US demand for ferrous scrap.

Bipartisan Congressional Recycling Caucus gets relaunch
Rep. Haley Stevens (D., Mich.) has announced the relaunch of the bipartisan Congressional Recycling Caucus.

CRU: Global scrap prices diverge even as US market holds flat
The CRUmpi rose by 0.8% month over month (m/m) to 286.1 in August, following four consecutive months of decline. Scrap prices showed mixed trends across major regions, largely influenced by local supply-and-demand dynamics, government policies, and the relative strength of finished steel markets. US prices were stable while Europe and Asia saw price increases, but […]

US scrap export market seeks footing
The US scrap export market has traded sideways or slightly less for about 60 days, with no real firmness in sight.