Ferrous Scrap
CRU: Turkish scrap prices remain flat
Written by Tanya Kozlovskaia
July 15, 2025
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.
Broadly speaking, fewer cargoes were being booked from the US due to fallback from the tariffs and reduced collection, though purchases have continued – market participants see this trend as more of a strategic slowdown rather than a full retreat from US-origin scrap.
Short sea shipments were heard at around $337/mt, while deep sea shipments were reported at $343/mt for HMS 80:20 grade.
While there is restocking demand for August, Turkish mills remain cautious. This is due to softening finished product prices, prompting some mills to hold back or limit volume purchases.
The analysis above 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.