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
Ferrous scrap tags seen up in February despite weather, other woes
The US scrap market for February has a lot of moving parts that need to mesh before an accurate picture can emerge. However, the general opinion for next month is an increase of at least $20 per gross ton (gt), according to sources contacted by SMU. Among the issues are winter weather decreasing scrap flows, […]
Miller on scrap: Has domestic scrap pricing decoupled from export pricing ?
The US and Canada have a long history of exporting ferrous scrap to numerous other countries over the last 100 years. During this period, the countries supplied have varied. In the last century, the main export destinations were Japan, South Korea, and the Far East in general. As the installation of EAF melting proliferated, the […]
Export scrap market still faltering to start 2025
The export scrap markets continue to lose ground. Unlike the domestic markets in the US and Canada, which have shown some strength in January, there have been multiple sales by US East Coast (USEC) exporters at lower prices, even after the US markets prices settled. And February looks even stronger. There are several reasons for […]
Ferrous scrap tags increase ~$20/gt in January
US scrap tags rose for all the grades tracked by SMU in January in what was deemed a "restocking rally," sources said. The January market was up ~$20 per gross ton (gt) across the board. This did not include turnings, which were up $30/gt.