Tag: freight rates scrap market

Turkiye: Scrap prices rise on tight supply; weak rebar demand pressures mills’ margins

May 7, 2026

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by

Ramavath Mounika

in Melting Scrap

Suppliers target up to $420/t CFR Turkiye Freight costs continue supporting higher offers Turkish deep-sea scrap prices increased during the week ended 7 May, supported by limited supply of US-origin cargoes, firm freights, and stronger seller sentiment. Deals for Germany-origin HMS 80:20 were heard at $408/t CFR, while Denmark-origin cargoes were booked at $411/t CFR.…