CRU: Turkish scrap prices remain flat

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.