Turkish imported scrap buyers and steelmakers are on a pause in their trade activities throughout the week. This week’s trade flow was disturbed due to the unwanted disaster occurred in the country earlier this week (6 February 2023).

Turkish mills reported some deals late last week, and no scrap trades were reported recently. Even though the disaster did not directly impact the mills in northern and western Turkiye, many market players said that normal business activity was on hold for some days at least. The fire and damage to Iskenderun port on the Mediterranean Sea caused by the earthquake led to the stoppage of operations and significant logistics disruptions in the nation.

Negotiations were lacking in the ferrous scrap sector since Turkish mills remain out of the market. “Turkiye is blocked today, there are issues with logistics since there are destructions, and fires in certain ports, and highways, as well as with employees in the mills. Everything is being done to support victims of the accident,” a source said.