Published by:Cem Turken<>
27 May 2025 @ 15:22 UTC

Turkish deep-sea steel scrap prices have remained fairly stable in the latest cargo deal from Europe, industry sources told Fastmarkets on Tuesday May 27.

A steelmaker in the Marmara region booked a European cargo, comprising 13,000 tonnes of heavy melting scrap (HMS) 1&2 (80:20) at $343 per tonne, 7,000 tonnes of shredded and 6,000 tonnes of bonus at $363 per tonne CFR.
This was in contrast with the previous deep-sea trade heard on May 23, when a steel mill in Izmir booked a Baltic Sea cargo of HMS 1&2 (80:20) at $347 per tonne CFR.
As a result of the latest trade, the daily scrap indices inched downward on Tuesday.
Fastmarkets’ daily index for steel scrap HMS 1&2 (80:20 mix) North Europe origin, cfr Turkey was calculated at $343.19 per tonne on Tuesday, down by only $1.01 per tonne from May 23.
The corresponding daily index forsteel scrap HMS 1&2 (80:20 mix) US origin, cfr Turkey was calculated at $349.86 per tonne on Tuesday, also down by $1.01 per tonne day on day, leaving the premium for US scrap over European material at $6.67 per tonne.
Turkish mills have recently restocked deep-sea scrap for June shipping. Their bookings for May have totaled 18 cargoes, which is still below the average monthly level of 25-27 cargo transactions.
With the anticipated Turkish demand, market participants expected no downturn in the prices in the short term.
Domestic Turkish local auto bundle and ship scrap prices remained stable over the past week.
Fastmarkets’ price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey was 11,400-13,700 lira ($295-354) per tonne on Tuesday, unchanged week on week.
Fastmarkets’ price assessment for steel scrap, melting scrap from shipbreaking, domestic, delivered Turkey was also flat week on week at $320-330 per tonne on Tuesday.