After reducing their ship scrap purchase prices slightly earlier today, January 15, Izmir-based mills have decided that another reduction in prices is possible. Accordingly, the total decrease recorded in the ship scrap segment is now $2-5/mt as compared to the levels observed on January 11. Currently, the general range is still at $455-463/mt, with Cebitas and Habas keeping their quotations stable since January 11. One source stated that this decision to cut prices was in line with their expectations of a correction in the deep sea scrap segment, while another source added that scrap flow is very strong resulting in some room for a price decline.
In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows:
|
Producer |
Price ($/mt) |
Price change ($/mt) |
|
Ozkan Demir Celik |
450 |
-3 |
|
Habaş |
463 |
0 |
|
Ege Çelik |
458 |
-5 |
|
IDC |
460 |
-3 |
|
Cebitas |
455 |
0 |
All the above prices are for delivery to mill by truck.