Ferrous Scrap

CRU: Turkish scrap stays mostly stable
Written by Tanya Kozlovskaia
January 24, 2025
Turkish scrap prices showed little change week over week (w/w), with HMS 80:20 and shredded grades assessed at $343 per metric ton (mt) and $357/mt, respectively.

Turkish scrap prices remained steady during the third week of 2025, with HMS 80:20 unchanged at $343/mt, while Shredded grades fell edged lower $5/mt to $357/mt based on confirmed shipments.
In the short term, scrap supply may tighten due to logistical challenges or other supply chain disruptions. Finished steel prices fell by $5/mt w/w due to weak demand and, as a result, scrap demand remains sluggish.

This analysis 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

March scrap market starts to shape up
After an unusually long period of waiting for the March scrap market settlements, several mills are now actively buying ferrous scrap. And it looks like prices are ticking up.

Miller on Scrap: Export prices starting to play catch up
Domestic shredded scrap has experienced a renaissance in pricing since January. And that increase had caused traditional exporters to ship their material to domestic users instead of overseas. But with recent changes, this cycle may end with the resurgence of export demand and continued foreign exchange fluctuations.

Ferrous scrap markets react to tariff reprieves
The situation on ferrous scrap has cleared up with the pause of the implementation of Canadian and Mexican blanket tariffs.

Scrap market chatter this week
In the final week of February, SMU polled steel and scrap executives to gather their insights on the current state of the scrap market as well as future projections.

Miller on Scrap: The ramifications of 25% tariffs on scrap imports from Mexico and Canada
We really don’t know yet what and how severe the impact will be. But we do know ferrous scrap will become more expensive in the US. And it will be less expensive for Canadian mills. The larger consequences will be felt on the Canadian front. Even so, in the Southwest, the tariffs on Mexico will lower prices for Mexican scrap and might limit normal flows across the border.