TURKEY FERROUS SCRAP: Upturn in import costs pushes up domestic prices

Turkish domestic scrap prices have continued to climb over the past week under the influence of rising imported scrap values, sources said on Monday November 11.

Fastmarkets’ weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,455-1,560 ($252-270) per tonne on Monday, up from the TRY1,400-1,555 per tonne of last week.

The steel producers and a major scrapyard in the Izmir region have increased their buy prices for the material by TRY55-70 per...

Published

Cem Turken

November 11, 2019

15:04 GMT

Mugla