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

Published: Dec 29, 2025 09:58

Save

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.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

6 hours ago

[SMM Analysis] World's First Mass-Produced Amorphous Alloy Electric Drive Installed in Vehicle Opens Window for Substitution of New Energy Non-Oriented Silicon Steel

6 hours ago

8 hours ago

MMi Daily Iron Ore Report (August 20)

Iron ore futures traded weak today. The DCE most-active contract I2701 settled at RMB 707/mt, down 1.19% from the previous trading day. Spot prices at Qingdao Port fell RMB 4-5/mt. Traders showed low enthusiasm in offering, while mills restocked on an as-needed basis at a measured pace, leaving overall spot transactions light.

8 hours ago

9 hours ago

8.20 SMM Global Steel Daily

[Flat products]Today HRC and other flat-product export prices were steady day on day, with HRC transactions concentrated in the 485-488 USD/tonne range. Overseas enquiries and deals were much the same as yesterday, with no marked change. [Billet]Today billet export FOB prices were steady, with Jiangyin port offers at 448-454 USD/tonne. According to market feedback, overseas demand showed no clear increase and large-volume enquiries were scarce, leaving export deals unremarkable. [Rebar]Today rebar export offers at Tianjin port were steady, with overall transactions at 472-477 USD/tonne. According to exporters, some mills raised offers today on exchange rate movements, but with the yuan appreciating the market showed limited willingness to accept higher prices; higher-priced material moved slowly and overall deals changed little.

9 hours ago