scrap prices

The positive trend is maintained due to the growth of demand amid limited supply

Interest rates will also affect the scrap steel trade

Restocking by steelmakers slightly increased activity in global scrap markets, but the trend is short-term

Further positive dynamics are at risk due to the potential deterioration of the Chinese economy

Market participants hope that export demand will remain in the near future

In Turkiye, scrap prices increased by 0.8% last week, in China they fell by 1%, and in the USA they remained at the level of the previous week

The country has registered some price declines, but the situation may change at the end of September

In Turkiye scrap is offered for $372-376/t, the USA – $340-354/t, and China – $394.2/t

Additional pressure on prices creates economic uncertainty in Turkiye

China stands out from the general trend, where the decrease in supply contributed to the increase in prices

There is no activity on the Turkish market on the eve of the holidays, and Chinese steelmakers switch to more profitable raw materials – pig iron

Stagnation of the Turkish market due to macroeconomic problems continues