Another decline in Turkey’s ship scrap market

Friday, 04 November 2022 13:39:38 (GMT+3)   |   Istanbul

Since SteelOrbis’ report published on November 1, Izmir-based Turkish steel mills have cut their ship scrap procurement prices by $3-5/mt. The general range in Turkey’s ship scrap market has moved down to $345-352/mt for delivery to mill by truck. Turkish mills are slowing their scrap purchases as they are struggling to sell finished steel in the local and export markets. 

In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows:  

Producer 

Price ($/mt) 

Price change ($/mt) 

Özkan Demir Çelik 

345 

-5 

Habaş 

352 

-5 

Ege Çelik 

347 

-3 

İDÇ 

345 

0 

 

All the above prices are for delivery to mill by truck. 

AyçaÖzbay
Ayça Özbay
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I graduated from the Faculty of Business Administration at Istanbul University and have been part of SteelOrbis since 2014. After six years in the Content Team, I joined the Market Intelligence department, where I now serve as Head of Ferrous Scrap Market Intelligence. In my role, I lead our global ferrous scrap market intelligence activities, overseeing price assessments, market analysis, and forecasting while working closely with industry participants across international markets. My focus is on tracking global ferrous scrap trade flows, pricing dynamics, and supply-demand fundamentals, providing data-driven insights that help market participants navigate an increasingly complex steel industry.

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