Downtrend in Turkey’s ship scrap market continues unabated

Tuesday, 01 November 2022 15:21:36 (GMT+3)   |   Istanbul

Since SteelOrbis’ report published on October 27, Izmir-based Turkish steel mills have cut their ship scrap procurement prices by $3-10/mt. The general range in Turkey’s ship scrap market has moved down to $345-357/mt for delivery to mill by truck. The silence in the deep and short sea scrap segments is taking its toll on the ship scrap market, while the lack of significant tonnages of rebar sales in the local Turkish market is not helping.

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

350

-5

Habaş

357

-3

Ege Çelik

350

-7

İDÇ

345

-10

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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