【SMM Iron& Steel】 Turkish Scrap Prices Hold Firm at Year-End on Active Winter Buying

Published: Dec 29, 2025 09:58

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Scrap prices in Turkey have remained firm heading into the new year, with benchmark HMS 1&2 (80:20) rising 1.9% this month to approximately $369/tonne FOB. Turkish electric arc furnace (EAF) mills have been actively securing cargoes for January delivery despite sluggish finished steel demand, driven by limited scrap availability in the US and EU during the winter holiday period. This cost push is expected to support Turkish rebar export offers in Q1 2026.

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