The Benelux scrap market has remained mostly stable, with prices holding firm despite global uncertainties. Recent fluctuations in the Turkish market have drawn attention, as Turkey is a significant importer of scrap from the Benelux region. The index for steel scrap HMS 1&2 (80:20 mix) from North Europe to Turkey increased to $339.45 per tonne, up by $14.45 per tonne. This rise is attributed to the need for alternative, costlier transport methods such as truck and rail.
Market participants are closely monitoring Turkey’s return to the market, which could influence future price movements. Despite the current stability, the market outlook remains cautious, with potential changes expected as Turkey’s demand evolves.