The assessments are for MB-STE-0784 steel reinforcing bar (rebar) domestic, exw Turkey and MB-STE-0785 steel wire rod (mesh quality) domestic, exw Turkey. Previously, both assessments stated that an 18% value-added tax (VAT) was included in the assessed price. Fastmarkets wishes to clarify the specifications to show the correct figure, which is 20%, as dictated by […]

The publication of several Fastmarkets steel scrap indices for the UK, European and Turkish markets were delayed on Monday September 15 because of a reporter error.

This reflects changing market dynamics with a preference from market participants for more visibility on a price for Laos-origin material while noting liquidity decline on an FOB Southern Turkey basis. The proposed price specifications will be as follows: Barite, drilling grade, unground lump, API, bulk, SG 4.10 fob Vietnam, $ per tonneQuality: API grade, SG 4.10 […]

This strategic launch is designed to better delineate the relationship between these two competing steelmaking materials. The differentials offer the market a single reference price denoting the spread between Turkey import billet and No1 and No2 heavy melting scrap (80:20) and between Turkey import billet and shredded scrap exported from the US East Coast respectively. […]

Due to the Eid -Al-Adha public holiday, which began on Thursday June 5 and will run through to Monday June 9 inclusive, these prices will be published instead on Tuesday June 10, in accordance with Fastmarkets’ policy. These prices are usually published weekly on Mondays. This change was not initially noted on Fastmarkets’ 2025 pricing […]

Turkey has become the leading buyer of Ukrainian corn during the 2024/2025 marketing year by making use of import quotas, which have been a key factor supporting prices in recent months.

The publication of Fastmarkets’ Turkey steel scrap indices for Monday November 11 was delayed because of a reporter error. Fastmarkets’ pricing database has been updated.

Turkey has announced a halt on exports to Israel of a range of steel, aluminium and copper products amid the continued conflict in Gaza, the Turkish Ministry of Commerce said on Tuesday, April 9.

Please note Fastmarkets has corrected its index assessments for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, MB-STE-0416, and steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, MB-STE-0417, which were published incorrectly on Thursday November 9.

Global deep-sea ferrous scrap sales to Turkey are ramping up at higher prices, stoking bullish sentiment for US exports and March’s domestic trade alike