The turbulent transport of momentum, energy and passive scalar is investigated in the flow around a rectangular cylinder of aspect ratio 5 : 1 – a geometry representative of separating and reattaching flows from sharp-edged bodies. The study is based on direct numerical simulation (DNS) conducted at Reynolds numbers up to
${\textit{Re}} = 14\,000$, based on the cylinder thickness, with Schmidt number fixed at
${\textit{Sc}} = 0.71$. At this Reynolds number, the flow exhibits features of asymptotic high-
${\textit{Re}}$ behaviour. Budgets of mean momentum, Reynolds stresses, mean scalar and scalar fluxes provide a detailed view of the underlying transport mechanisms. The mean momentum balance elucidates the role of turbulence in entraining free stream fluid, promoting shear-layer reattachment, sustaining backflow in the recirculation region and regulating wake dynamics through large-scale vortex shedding. The leading-edge shear layer is the main site of turbulence production, with energy injected into streamwise fluctuations and redistributed to cross-flow components by pressure–strain interactions. As
${\textit{Re}}$ increases, vertical fluctuations increasingly return energy to the mean upward flow, stabilising the separation bubble height. Turbulent transport dominates scalar redistribution. Scalar fluxes are primarily generated by interactions between Reynolds stresses and scalar gradient, and modulated by pressure-scalar gradient effects. An a priori evaluation of eddy-viscosity and diffusivity models quantifies the misalignment between modelled and DNS-resolved stress and flux tensors, as well as the inhomogeneity of eddy transport coefficients. This analysis deepens the understanding of transport phenomena in bluff-body flows approaching the asymptotic regime, and underpins the validation and improvement of turbulence models for separating and reattaching flows.