- Scrap benchmarks losing influence across regional markets
- Sourcing strategies shift amid margins, policy, and trade realignment
Turkiye’s deep-sea scrap prices have moved sharply out of sync with South Asia–raising a critical question for global steelmakers and traders: Is this divergence temporary, or structural?
That question sat at the centre of BigMint’s recent webinar, where market participants unpacked why Turkiye continues to pay up for scrap while India, Bangladesh, and Pakistan remain largely sidelined.
Major take-aways
- Turkiye’s scrap index is no longer the reference point for South Asian buyers, who are now pricing strictly off domestic margins and sales visibility.
- Trade flows are quietly being rerouted, with some traditional scrap routes weakening while others gain importance.
- South Asia’s constraints differ sharply by country, shaped by raw-material choices, liquidity conditions, policy frameworks, and cost structures.
Before we move to 2026
What does this mean for scrap pricing power, sourcing strategies, and regional competitiveness in 2026? And where could the next structural shift emerge? These questions–and the nuanced answers behind them–were explored in detail by industry speakers during the session.
To understand the full context, speaker viewpoints, and what lies beneath these headline signals, watch the complete webinar recording here.
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