Turkiye's imported scrap prices rise marginally on moderate trade

Turkiye's imported scrap prices witnessed a slight increase w-o-w as trade activities continued at a moderate pace. The decline in Turkish mills' crude steel output during April can be attributed to a sluggish finished product market environment.

In April, Turkish mills' crude steel output experienced a significant y-o-y decline of 21% to 2.7 million tonnes, marking the sharpest drop among the top 10 steel-producing countries. Market participants primarily focused on the depreciating lira, which has reduced their purchasing power for imported scrap and affected buyer targets. Some