Ferrous Scrap

CRU: Turkish scrap stays mostly stable
Written by Tanya Kozlovskaia
January 24, 2025
Turkish scrap prices showed little change week over week (w/w), with HMS 80:20 and shredded grades assessed at $343 per metric ton (mt) and $357/mt, respectively.

Turkish scrap prices remained steady during the third week of 2025, with HMS 80:20 unchanged at $343/mt, while Shredded grades fell edged lower $5/mt to $357/mt based on confirmed shipments.
In the short term, scrap supply may tighten due to logistical challenges or other supply chain disruptions. Finished steel prices fell by $5/mt w/w due to weak demand and, as a result, scrap demand remains sluggish.

This analysis was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com.
Tanya Kozlovskaia
Read more from Tanya KozlovskaiaLatest in Ferrous Scrap

August scrap market seen poised for sideways move
The ferrous scrap market for August appears to be settling sideways as the threats posed to the market in July have not materialized.

US scrap exports listless, echoing domestic mart
The ferrous scrap export market off the US East Coat and Gulf Coast has remained basically sideways over the last month. This mirrors the lack of movement in the US domestic market.

August scrap price direction unclear on ‘reciprocal’ tariff uncertainty
Most market players are hedging their forecasts until the tariffs on imported raw materials are settled. Even then, some are positing the August market will trade sideways.

August scrap outlook hazy on potential tariff impact
Divergent opinions emerge on August's scrap outlook.

CRU: Turkish scrap prices remain flat
Turkish scrap prices were unchanged week over week (w/w), with HMS and Shredded grades assessed at $340 and $355 per metric ton (mt) CFR, respectively.