Turkey has reduced its import of U.S. recycled steel, turning instead to Russian shipments. Data shows that U.S. recycled steel exports to Turkey dropped by 23% in Q1 2025 compared to the same period in 2024. Overall, Turkish steel imports fell by 12%, while Russian scrap imports surged by 115%.
U.S. Scrap Exports to Turkey Decline
This shift is worrying U.S. steel recyclers. Turkey, a key destination for U.S. scrap, saw a 225,000-metric ton drop in imports. In contrast, Russian scrap shipments to Turkey increased by 97,000 metric tons. This trend could hurt U.S. exporters and push scrap prices lower in the region.
Why the Decline?
Several factors contributed to the decline in U.S. scrap exports. These include increased domestic scrap generation in Turkey, driven by earthquake cleanup efforts, and a 3% drop in Turkish steel production in Q1 2025. U.S. recyclers also noted price fluctuations, with East Coast scrap prices rising due to bad weather, but falling again by April and May.
Impact on U.S. Steel Production and Scrap Generation
The drop in U.S. exports coincides with ongoing uncertainty in the U.S. steel industry. While steel production has remained stable, it decreased by 1% compared to last year. The tariffs announced in early April by the Trump administration have created concern about their impact on scrap supply and demand.
Conclusion: Future Outlook for U.S. Scrap Exports
As the situation evolves, U.S. steel recyclers and industry players are closely monitoring these shifts. The rise in Russian scrap imports and potential new tariffs may affect U.S. scrap exports and overall market conditions. The outlook remains uncertain as industry stakeholders await further developments.
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