According to market sources, influenced by the soft trend of import
scrap prices, ship
scrap prices in
Turkey have continued their downward trend. Accordingly, ship
scrap prices in
Turkey's Aliaga region - the only region in
Turkey where ship scrapping is allowed - are currently in the range of $320-330/mt ex-yard. Market sources state that ship breaking activity in the region has slowed down significantly, while capacity utilization rates at Aliaga have declined by 50-60 percent compared to the same period last year, raising strong concerns in the Turkish ship
scrap market. The main reason for the limited capacity utilization rates is the stiff competition between the ship scrapping facilities in the Aliaga region and those in Asia and the Far East.