Another Izmir-based Turkish mill cuts ship scrap price to $365/mt

Monday, 16 October 2023 14:56:19 (GMT+3)   |   Istanbul

While another Izmir-based Turkish producer has reduced its price by $4/mt, while others have kept their prices stable since October 12. The general range is still at $365-376/mt for delivery to mill by truck. The fourth producer in the region has once again stopped accepting ship scrap for the time being. The declines recorded over the past week indicate that the downward pressure on the deep sea and short sea scrap segments is taking its toll on the ship scrap market.

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

Producer   

Price ($/mt)   

Price change ($/mt)   

Habaş  

376 

0 

Ege Çelik  

365 

-4 

İDÇ  

365 

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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