On October 7, 2025, Turkish-imported HMS 80:20 scrap (bulk, US origin) was assessed at $348 per tonne CFR Turkey, which represents a small but consistent recovery from $335 per tonne price posted in late September. The $13 per tonne increase in roughly two weeks suggests a short period of stability, aided largely by tighter US scrap availability and higher freight costs. Adjustments in the scrap marketplace provided sellers with some pricing power resulting from US scrap availability; however, Turkish mills remained cautious buyers due to limited domestic rebar demand and a weak export performance.

While last month’s average price levels were in the $335–338 per tonne range for most of September, with a sense of improved seller sentiment, these prices are not entirely bullish at this time. The market remains range-bound based on the continued high interest rates and subdued steel consumption globally, noted as maintaining a lack of confidence in aggressive restocking.

Outlook:

Looking ahead, the market appears positioned to stay within a range through Q4 2025, with LME futures showing limited gains into early 2026. Generalized buyers remain conservative surrounding elevated borrowing rates and lack of clarity around end-user demand, while sellers remain constrained by limited availability and logistics. Unless there are geopolitical or supply chain shocks, Turkish HMS 80:20 scrap prices will continue to fluctuate within a similar range with limited upside until steel demand indicates improvement.