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    Analysis

    October 26, 2026

    Turkish scrap market eyeing higher prices

    Written by Stephen Miller

    The situation in Turkey for procuring ferrous scrap for its steel industry is facing some difficult times. As obsolescent scrap flows start to abate in Northern Europe and the US with the onset of the winter and the holiday season, the price of buying scrap for this period is trending upward.

    The domestic market in the US is expected to rise in November, possibly in December, and definitely in January as the US melt rate shows no signs of lessening. In Europe, the main problem is supply as the Turkish mills have leaned on this region heavily over the last two months rather than sourcing enough higher priced US cargoes. The European suppliers can only sell what is convenient at this point without an increase in price.

    Stephen Miller

    Stephen Miller started his career in the scrap metal industry in 1978 at Luria Brothers in Cleveland. Over the last 40-plus years, he has worked in all capacities in the trading business. He has had positions in both domestic and international scrap trading. In addition to scrap, Miller was at the forefront of the pig iron trade and established a pig iron distribution company under the name of Ferrosource, Inc. Most recently, Miller has concentrated on the scrap export market and regularly does consulting for several companies in the industry.

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